10 Best Widow and Orphan Stocks To Invest In

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9. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 57    

Verizon Communications Inc. (NYSE:VZ) is an integrated telecommunications services firm. In the report of the fiscal year 2024, the company’s total operating revenue was $134.8 billion, up 0.6% compared to the previous fiscal year. In January, the company secured a $66 million Enterprise Infrastructure Solutions contract with the US Coast Guard. Verizon will help the Coast Guard phase out outdated TDM services and implement solutions such as a cellular-based POTS replacement for essential voice communications. It will also provide Contact Center-as-a-Service and deliver secure Impact Level 4 software-based solutions for Coast Guard call centers.

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