Why verizon Is Trending Today?

Dan Schulman, former CEO of PayPal, has been appointed as the new CEO of Verizon, replacing Hans Vestberg. This move comes as Verizon seeks to address its slowing growth. The announcement has caused a stir in the telecom industry, with stocks being rattled. Schulman's first memo to Verizon employees has been released.

Verizon has appointed Dan Schulman, the former CEO of PayPal, as its new Chief Executive Officer. Schulman, who was previously a lead director at Verizon, succeeds Hans Vestberg in the role. This appointment comes at a crucial time for Verizon, as the company faces significant industry challenges and opportunities.

Verizon reported strong Q2 results, exceeding expectations and raising its outlook, with analysts seeing further growth potential. Notably, the company's 6% dividend yield is considered extremely safe and secure.

Verizon Communications reported record Q2 EBITDA growth, driven by demand for premium plans, leading to an upgrade in annual profit guidance. The company's stock surged following the earnings beat, with analysts citing strong performance and improved outlook as key factors.