Verizon Communications

CEO: Lowell McAdam

Dec. 30, 2016: $53.38

March 31, 2017: $48.75

Change: -8.67%

On March 31, the last day of the quarter covered in this analysis, Verizon announced a comprehensive restructuring of the company to focus on three areas: Media and Telematics, Network and Technology, and Customer and Product Operations. The company hired former Ericsson CEO Hans Vestberg to lead the Network and Technology operations.

Before that, in February Verizon launched a restructured business unit, Verizon Business Markets, with the goal of reaching more small- and midsize-business customers.

Also in February Verizon said it had renegotiated the price it will pay to acquire Yahoo to $4.48 billion, down $350 million from the $4.83 billion the two companies originally agreed to last year. The companies hope to complete the acquisition this quarter.

In January Verizon reported that operating revenue for all of 2016 was $125.98 billion, down 4.3 percent from $131.62 billion in 2015. Net income was down nearly 26 percent to $13.61 billion from $18.38 billion in 2015.