Boston, MA 02/26/2014 (wallstreetpr) – Verizon Communications Inc. (NYSE:VZ) having completed the purchase of its 45% stake in Vodafone Group plc (NASDAQ:VOD) is set to become more aggressive in the market as it strives to become a key player in the US wireless market. Solid wireless growth in the US is sure to propel it to new greater heights as it strives to improve its wireless margin performance.
Verizon Communications Inc. (NYSE:VZ) is now more than able to unleash more quality strategic explorations that should increase its asset mix and market value over time. The company should also be able to overtake the neutral rated AT&T as it is currently trading at a P/E of 13.4x. Many analysts are of the opinion the company could be more than able to generate double its projected growth rate for the current fiscal year.
Solid revenue growth is far more achievable as the company controls majority of the wireless market in the US, Verizon should be able to grow by up to 3.4% in terms of revenue considering it recently increased its competitiveness in data packages.
Verizon and McAfee extend their agreement
Verizon Communications Inc. (NYSE:VZ) and McAfee have announced the extension of their agreement that is being used to offer security to more than 9 million high speed and FiOS internet users. The agreement is aimed at ensuring all Verizon’s users using PC’s Laptops Macs and Android devices are totally protected from any malware and viruses in the internet.
Verizon Communications Inc. (NYSE:VZ) internet security that is powered by McAfee is designed to offer a comprehensive digital life protection and comes with award winning anti-virus and malware protection capabilities. It also keeps data safe and protects it from risky applications and websites. The service is currently available to consumers at a monthly charge of $6.99
Verizon Communications Inc. (NYSE:VZ) was stable in Tuesday trading session it its stock slightly moving up by 0.13% to close the day at a high of $46.29.