“We are thrilled to be able to add Pulse’s considerable talent, technology, and products to our growing ecosystem of content offerings, and we believe that they will help us accelerate our ability to deliver to our members the insights they need to be better at what they do, on any device,” said Deep Nishar, LinkedIn’s SVP of Products and User Experience, in a statement today. Millions of professionals are already starting their day on LinkedIn to glean the professional insights and knowledge they need to make them great at their jobs.” LinkedIn argues that it is acquiring Pulse because it wants the site to “be the definitive professional publishing platform – where all professionals come to consume content and where publishers come to share their content. Today’s announcement doesn’t come as a total surprise, given that there had been rumors about talks between the two companies for a few weeks now. The acquisition is expected to close in the second quarter of 2013. The transaction, LinkedIn says, is valued at approximately $90 million in a combination of about 90 percent stock and 10 percent cash. And the law of net neutrality could also feature large in future revenue growth for Verizon.LinkedIn today announced that it has acquired Pulse, the popular newsreader for the web and mobile. This opens up new possibilities for organic growth in Verizon’s media and contributes to a diversification of the company’s portfolio. gave way to the creation of the company’s new subsidiary Oath. Verizon’s recent acquisition of Yahoo! Inc. In 2017, Verizon stock price flirted between the $40 and $50 range.Ī strong dividend of $2.29 in 2017, earnings per share of $0.89 in Q3 of 2017, and a solid customer base in made Verizon Communications Inc. The stock reached a closing price of $56.53 on July 5th, 2016. In 2016, the stock closed at $53.38 on December 30th. The strong increase of more than 15% between October 2009 and October 2010 shows the strong post-stock market crisis performance of Verizon’s stock.Ģ013 stands out in terms of soaring prices of Verizon’s stock, an increase of well above 9%, from $49.15 on March 28th, 2013, to $53.91 on April 30th, 2013.Įver since, Verizon stock has performed solidly, closing at $46.78 on December 31st, 2014, and at $46.22 one year later. On August 10th, 2010, the stock passed the mark of $30.00 to close at $30.02 and has not fallen beneath $30.00 since August 31th, 2010. However, markets started to move upwards again. Year over year, Verizon stock price almost stagnated and was traded around $28 in October 2009. The way out of this bear market was difficult. It took a while until confidence among investors could be restored. One year later, when the company’s stock closed at $23.52 on October 24th, 2008, the stock value had declined by 45%. After this temporary weaker period, Verizon stock price rallied to reach $42.93 on October 29th, 2007. The upward trend in 2004 was followed by a period of falling stock prices which bottomed out on October 20th, 2005, when the stock was listed at $26.23. Verizon revenue growth has Wall Street interested and its market capitalization increasing.ĭuring the following years, Verizon stock price did not perform well. Verizon Communications Inc., providing internet to its customers in the United States, was profiting from the unstoppable Internet boom. This positive trend intensified and by January 6th, 2003, the stock closed at $39.59. It was not until October that Verizon stock price rose above the $30 mark again. By the end of 2001, Verizon stock price began to fall and reached a low in July 2002, when Verizon stock price was only at $24.67. However, this downward trend soon stopped, Verizon stock price went up a bit, and remained fairly stable throughout the first three quarters of 2001, where Verizon stock price stayed at $50. This was in line with other telecom companies which were not considered stocks to buy at the time. Verizon and Wall Street was not satisfied with the development of the stock during the first year. By the end of July 2000, the stock was only worth $42.04. The initial euphoria, which drove Verizon stock price up to $48.39 by the end of the first day, subsided after a few weeks.
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