Verizon reports wireless and wireline revenues down in third quarter

By Anjali Athavaley

Fortinet Inc (NASDAQ:FTNT) has risen 20.17% since October 21, 2016 and is uptrending. It has outperformed by 60.61% the S&P500. Finally, Park National Corp OH grew its stake in shares of Verizon Communications by 4.6% in the third quarter.

First Financial Corp decreased its stake in First Financial Corporation (THFF) by 2.77% based on its latest 2017Q2 regulatory filing with the SEC. (NYSE:VZ) rating on Wednesday, September 30.

The stock had declined almost 9 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 14 percent. Silvercrest Asset Management Group Llc owns 339,649 shares or 0.45% of their United States portfolio.

Verizon Communications Inc. gained wireless subscribers in the latest quarter, as the telecommunications company worked to shore up its largest unit in light of its weakening television business. The Cabot Wealth Management Inc holds 123,862 shares with $5.53M value, up from 102,431 last quarter.

But that is better than the 3.9% annual decline that Verizon Wireless reported in the third quarter of 2016. It has underperformed by 25.18% the S&P500.

Since May 1, 2017, it had 0 insider purchases, and 2 selling transactions for $781,618 activity. TheStreet raised shares of Verizon Communications from a c+ rating to a b- rating in a research note on Tuesday, August 8th.

Analysts await 3D Systems Corporation (NYSE:DDD) to report earnings on November, 2.

Investors sentiment decreased to 0.88 in 2017 Q2. The stock witnessed -0.55% declines, 11.26% gains and 4.15% gains for the 1-month, 3-month and 6-month period, respectively. Capital Research Global Investors raised its holdings in shares of Verizon Communications by 15.1% in the 2nd quarter.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. West Virginia-based Wesbanco Bank has invested 0.69% in Verizon Communications Inc. Carnegie Capital Asset Management Limited Liability Corporation reported 0.85% stake. Paragon Capital Management Limited Liability Corp has 0.09% invested in Verizon Communications Inc. Moreover, Keating Counselors has 2.47% invested in Verizon Communications Inc. State Of New Jersey Common Pension Fund D invested 0.75% in Verizon Communications Inc. Capstone Asset Management stated it has 0.63% in Verizon Communications Inc. (NYSE:VZ). Hightower Advsrs Ltd Liability stated it has 1.92 million shares or 0.74% of all its holdings. Investment Management Of Virginia Llc sold 120,078 shares as the company's stock rose 26.87% with the market. (NYSE:VZ). 52,383 were reported by Central Fincl Bank &. BidaskClub upgraded shares of Verizon Communications from a "strong sell" rating to a "sell" rating in a research report on Monday, July 31st.

During the quarter Verizon, which is the new parent company of Yahoo, said that a massive data breach at Yahoo in 2013 was far more extensive than previously disclosed, affecting all of its 3 billion user accounts. (NYSE:VZ) were released by: Nasdaq.com and their article: "Arvest Trust Co Buys Rockwell Collins Inc, DowDuPont Inc, Verizon ..." published on October 06, 2017 as well as Nasdaq.com's news article titled: "Verizon Communications Inc". (NYSE:VZ). Motco holds 0.39% or 84,275 shares in its portfolio.

Among 34 analysts covering Fortinet Inc. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.48 average brokerage recommendation. Therefore 76% are positive. Verizon Communications Inc. had 53 analyst reports since July 22, 2015 according to SRatingsIntel. As per Wednesday, October 11, the company rating was maintained by KeyBanc Capital Markets. (NYSE:VZ) on Monday, January 23 to "Market Perform" rating. (NYSE:VZ) has "Outperform" rating given on Wednesday, October 21 by FBR Capital. The rating was maintained by RBC Capital Markets on Friday, July 7 with "Hold". The company was maintained on Monday, March 14 by Citigroup. The firm has "Hold" rating by Oppenheimer given on Thursday, August 10. The stock has "Neutral" rating by DA Davidson on Thursday, February 4. The firm has "Buy" rating given on Friday, October 20 by Bank of America. (NASDAQ:BGCP) to report earnings on October, 26. In the last earnings report the EPS was $3.89 and is projected to be $3.76 for the current year with 4,079,407,000 shares now outstanding. DDD's profit will be $6.78 million for 48.29 P/E if the $0.06 EPS becomes a reality. After $0.24 actual earnings per share reported by BGC Partners, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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