Verizon Communications’ Investor Day Highlights
<p>Analysts at RBC Capital provided their views on <a href='https://financialmodelingprep.com/financial-summary/VZ'>Verizon Communications Inc. (NYSE:VZ)</a> following the company’s investor day. It was highlighted by management’s vision as it leans into the network-as-a-service strategy it has invested behind over the years to drive growth across 5G mobility, nationwide broadband, MEC & B2B solutions, the value segment, and network monetization. Management expects the company’s addressable market to expand from $340 billion in 2021 to $460 billion in 2026. </p>
<p>The company anticipates revenue and EBITDA growth to accelerate, capital intensity to decline, strong FCF generation, and share buybacks even prior to hitting its unchanged leverage target. Annual service and other revenue growth is expected to accelerate from 2.2% in 2021 to around 3% in 2022, 3% in 2023, and 4% in 2024 and beyond, growing from $110 billion in 2021 to $124 billion in 2024.</p>

NYSE:VZ