On Tuesday, Shares of Verizon Communications Inc. (NYSE:VZ), subtract -0.32% and closed at $50.27 in the last trading session. VZ stock opened its last trade at $50.61 and after floating in a range of $50.05 to $50.61. The company’s Market capitalization is $205.53 Billion with the total Outstanding Shares of 4.08 million. During the 52-week trading session the minimum price at which share price traded, registered at $43.79 and reached to max level of $56.95. The Earnings per Share of the company stands at $3.54. Verizon is using drones to assist with cell site inspections from the air in North Carolina and South Carolina to survey areas influenced by severe flooding from Hurricane Matthew. The quadcopter used for the inspections is an unmanned aerial system (UAS) operated by Measure UAS Inc., to inspect cell sites in difficult to reach locations and share vital information on any damaged equipment.
“We understand how vital wireless communication is to connect with loved ones, reach out for assist and start the long process of recovery during and after an event like Hurricane Matthew,” said Nicki Palmer, Chief Network Officer. “While we were able to access most sites quickly to assess damage, some sites were not accessible to us because of extreme flooding. We are very happy that we now have this new tool to add to our already extensive list of preparatory and recovery efforts to assist inspect our network assets and expedite recovery time.”
The UAS is able to both record and livestream HD video and high-resolution photographs of a cell site. The first flight to a site surrounded by water near Elm City, N.C. and the Tar River Reservoir showed engineers that the base station equipment – which was elevated on stilts – was not underwater and had not suffered visible damage.
Shares of Cousins Properties Inc (NYSE:CUZ), lost -24.19% and closed at $7.57 in the last trading session. CUZ stock opened its last trade at $7.22 and after floating in a range of $7.19 to $7.66. The company’s Market capitalization is $1.59 Billion with the total Outstanding Shares of 220.50 million. During the 52-week trading session the minimum price at which share price traded, registered at $7.19 and reached to max level of $11.40. The Earnings per Share of the company stands at $0.66. Cousins Properties Incorporated (CUZ) (“Cousins”) declared recently it has accomplished the spin-off of Parkway, Inc. (“New Parkway”), a new, independent REIT that will be publicly traded on the NYSE under the symbol “PKY.”
The spin-off occurred by means of a special dividend to Cousins stockholders of all of the outstanding shares of New Parkway stock. Under the terms of the spin-off, Cousins stockholders received one share of New Parkway common stock for every eight shares of Cousins common stock held as of the record date of October 6, 2016. Cousins common stockholders will receive cash in lieu of any fractional shares they would otherwise have been entitled to receive in the distribution.
Since October 3, 2016, New Parkway shares have traded on a “when issued” basis on the NYSE under the symbol “PKY.WI.” The “when issued” trading of New Parkway ended as of the market close on October 6, 2016. Starting recently, the “regular way” trading of New Parkway common stock will begin under the symbol “PKY.” Shares of Cousins will continue to trade under the symbol “CUZ.”