Shares of Verizon Communications Inc. (VZ) fell by 4.98% on October 8, 2026, closing the session at $43.49. The decline follows a report that Grain Management has agreed to sell its nationwide 800 MHz spectrum portfolio to SpaceX.
Verizon operates as a major wireless carrier in the United States. The company serves approximately 94 million postpaid and 20 million prepaid phone customers through its nationwide network. Wireless services account for 75% of Verizon's total service revenue and nearly all of its operating income.
According to the source data, the company reported second-quarter fiscal 2026 earnings on July 24, 2026. For that quarter, Verizon reported earnings per share of $1.30, which was in line with analyst estimates. The company reported revenue of $34.25 billion for the period, which was also reported as inline with estimates.
Verizon's stock is currently trading on the New York Stock Exchange. The company has a market capitalization of approximately $181.61 billion and a dividend yield of 6.18%. The stock's 52-week range is between $10.60 and $51.68.
