Verizon’s service outage affected over 1 million customers, causing a hit to the company’s public image and finances. Despite this, long-term growth prospects and a solid dividend program remain unchanged, making Verizon an attractive investment. The stock is also more appealing post-outage, with potential for growth from 6G networks and an upcoming acquisition of Frontier Communications.

CEO Dan Schulman maintains plans to transform Verizon’s business. The company’s dividend yield is over 7%, and recent increases show a commitment to income investors. While the outage may have cost Verizon money and customers, history suggests the impact will be short-lived, making the stock a strong choice for long-term investors.

Verizon’s stock price dropped after the outage, but the dip improved its valuation. With a forward P/E ratio of 8.1, Verizon is positioned as a better pick compared to competitors like AT&T and T-Mobile. Despite recent service disruptions, the company’s long-term outlook remains favorable for investors looking to capitalize on potential growth.

Read more at Yahoo Finance: Verizon’s Outage Outraged Over 1 Million Customers. Why I Just Bought the Stock Anyway.