The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage. NEW YORK ( Trefis) -- Verizon ( VZ) recently announced its third-quarter earnings, which received a boost from better-than-expected postpaid wireless subscriber additions. While rival AT&T ( T) added more new wireless customers in total (2.1 million vs. Verizon's 1.3 million), Verizon landed almost triple the number of more lucrative postpaid customers. However, the total number of iPhone sales proved to be a dampener of sorts as the carrier could activate only 2 million units compared to the 2.7 million units AT&T managed to activate last quarter. The carrier's wireline segment grew sequentially on the back of solid gains in its consumer and business segments. We have revised our price estimate to $43.50, about 20% above its market price. See our complete analysis for Verizon here
The company has been performing well on the FiOS front for quite some time now and may post even better numbers if it manages to reach an agreement with the workers soon. Also, with the fast and on schedule deployment of the 4G LTE network which now covers 165 markets, the company has a competitive advantage over its rivals in the wireless department as well. Click here to find out how a company's products impacts its stock price at Trefis. Like our charts? Embed them in your own posts using the Trefis Wordpress Plugin.