5 Best Content Delivery Network Stocks To Buy Now

In this article, we shall discuss the 5 best content delivery network stocks to buy now. To read our detailed analysis of the global economic outlook and the content delivery network sector, go directly and see 11 Best Content Delivery Network Stocks to Buy Now.

5. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holdings: 58

Based in New York City, Verizon Communications (NYSE:VZ) is an American multinational telecommunications conglomerate. Verizon Web Acceleration is the company’s network-agnostic CDN service which optimizes web and mobile app experience, while protecting servers, ensuring reliability and maintaining scale. It utilizes its advanced caching and acceleration strategies to enhance web content distribution for its clientele and has branches in e-commerce, online banking, software, social media feeds, and video streaming.

On October 6, Oppenheimer analyst Timothy Horan upgraded the rating on Verizon Communications (NYSE:VZ) shares to Outperform from Perform, and conferred a $50 price target. According to the analyst, although the near-term trends seem volatile, the company is well-positioned to achieve gradual-stabilization-to-growth of the subscriber base. Horan expects a stronger free cash flow of more than 15% per year for the company, as it passes peak investment and leverage.

Here is what Diamond Hill Capital Management had to say about Verizon Communications (NYSE:VZ) in their Q2 2022 investor letter:

“Verizon Communications Inc. (NYSE:VZ), alongside other wireless providers, has been increasing plan prices to help offset inflation effects. We’ve also seen indications that the wireless industry is moving away from the aggressive promotional environment of the last 18 months. A lower level of industry promotional intensity should benefit Verizon’s (NYSE:VZ) share of quarterly net adds while allowing the company to continue to focus on migrating customers to higher priced unlimited plans.”