To reset your Verizon router:
With the power on (power LED on front panel should be lit green), use the pointed end of a paperclip to press and hold the reset button for 10 seconds. Once you release the reset button, the Verizon router will automatically reboot itself. Wait 15 seconds before resuming setup. Your Verizon MI424WR router is now using the default settings for the network configuration. This includes the default SSID and network encryption key (WEP, WPA or WPA2). You must re-configure your router to match the previous settings that were assigned to all other devices on your wireless network. Otherwise, no other network devices will be recognized.
To reconfigure your router visit My Verizon account or the My Fios app.
You can also manage advanced settings from the router interface via your browser.
Manage advanced setting