Verizon forecasts downbeat annual free cash flow, profit on heavy 5G spending
1. Verizon forecasts lower annual free cash flow and profit than expected. 2. Heavy spending on high-speed internet might affect profitability.
FAQ
Why Bearish?
Lower profit expectations typically lead to negative stock sentiment. Similar past instances have negatively affected Verizon's stock performance.
How important is it?
Forecasted decline in cash flow and profit can significantly impact investor confidence.
Why Short Term?
Immediate investor reactions to lowered forecasts will likely impact stock price quickly.