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Tech Stocks Growth! Verizon Communications Inc. (VZ), Applied Materials, Inc. (AMAT)

Shares of Verizon Communications Inc. (NYSE:VZ) ended Monday session in green amid volatile trading. The shares closed up +0.26 points or 0.52% at $50.19 with 10.69 million shares getting traded. Post opening the session at $50.23, the shares hit an intraday low of $49.63 and an intraday high of $50.30 and the price vacillated in this range throughout the day. The company has a market cap of $203.21 billion and the numbers of outstanding shares have been calculated to be 4.08 billion shares.

Verizon Communications Inc. (VZ) and Hearst announced they will bring together Complex — one of the largest millennial digital media brands — with recently-launched digital video networks RatedRed.com and Seriously.TV under the new banner of Complex Networks.

Rich Antoniello, formerly CEO of Complex, will become CEO of Complex Networks. Neeraj Khemlani, president of Hearst Entertainment & Syndication, and Brian Angiolet, senior vice president of Verizon’s consumer product portfolio, will take on the additional roles of co-chairmen of Complex Networks.

Complex was co-founded by Antoniello, and fashion and cultural entrepreneur Marc Ecko, in 2002. It has a long history of creating exhilarating content focused on American pop culture — from music, entertainment and sports to video games, fashion and food — for voracious Gen Z and millennial consumers, engaging and mobilizing an audience of over 52 million UVs per month (comScore).

With RatedRed.com, geared at heartland millennials, and Seriously.TV, a tongue-in-cheek comedic take on of-the-moment news, Complex Networks is building an influential collection of brands, through best-in-class video and social content.

Shares of Applied Materials, Inc. (NASDAQ:AMAT) ended Monday session in red amid volatile trading. The shares closed down -0.37 points or -1.24% at $29.38 with 10.27 million shares getting traded. Post opening the session at $29.97, the shares hit an intraday low of $29.35 and an intraday high of $30.00 and the price vacillated in this range throughout the day. The company has a market cap of $31.61 billion and the numbers of outstanding shares have been calculated to be 1.08 billion shares.

Applied Materials, Inc. (AMAT) announced that its Board of Directors has approved a quarterly cash dividend of $0.10 per share payable on the company’s common stock. The dividend is payable on December 15, 2016 to shareholders of record as of November 25, 2016.

 

 

About Anthony Davis

Anthony Davis has been a contributor on technology for us since from day one. Anthony Davis has provided his services independently. His educational background in technology has given him a broad base of writing columns on technology.

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