Comcast Corp Stock Price, News & Analysis

Xfinity, part of Comcast, announces enhanced internet speeds for over 20 million households nationwide, starting this week. Key upgrades include speed increases across multiple plans, with the Performance Starter now at 75 Mbps and Extreme Pro at 1 Gbps. This initiative aligns with Comcast's larger goal of deploying multi-gigabit internet, reaching 50 million homes by 2025. Enhanced reliability and security are also highlighted through advanced technology and protective measures against cyber threats, supporting the 10G future of connectivity.

Comcast Business's annual Small Business Cybersecurity Report reveals significant cybersecurity threats to SMBs, with 65% of SecurityEdge™ customers facing blocked attacks. The service prevented 70 million bot activities and 30 million phishing attempts daily from July 2021 to June 2022. Phishing scams predominantly targeted financial and tech sectors. The report emphasizes the vulnerability of small businesses to cyberattacks due to limited resources, underlining the importance of proactive cybersecurity measures.

Xfinity and FaZe Holdings Inc. (Nasdaq: FAZE) announced a partnership to enhance the gaming and youth culture experience. This collaboration will include exclusive college concert events featuring Offset, original content series, and co-branded merchandise. The first concert is set for November 3, 2022, in Boston, followed by another in Atlanta on November 10. Xfinity will also integrate its services into FaZe Clan programming, focusing on promoting internet connectivity for gamers. Additionally, Xfinity Rewards members gain access to exclusive items and experiences.

Comcast Business has enhanced its mobile service, allowing customers to mix and match unlimited and shared data options for up to 20 lines. This flexibility helps small businesses reduce costs while benefiting from features like nationwide 5G coverage and secure WiFi hotspots. Pricing starts as low as $22 per line for unlimited data. Customers can also save by utilizing a Savings Calculator before committing. Available exclusively to Comcast Business Internet customers, this service aims to maximize value for small businesses.

Comcast announced a significant increase in internet speeds for its Xfinity service across 14 states from Maine to Virginia, launching new download speeds up to 2 Gbps and up to 10 times faster upload speeds. This upgrade, part of a multi-gig deployment, will enhance performance for various tiers, including doubling speeds for the Performance Pro tier. Comcast aims to deliver 10G-capable services by 2023, further boosting its broadband capabilities for over 50 million homes by 2025. The enhancements reflect the company's commitment to meet increasing customer demand for faster internet.

Comcast is enhancing Internet speeds for over 20 million Xfinity households this week. The upgrade affects popular plans, offering significant improvements in connectivity for streaming, gaming, and videoconferencing. Key speed increases include 50 to 75 Mbps for Performance Starter and up to 1 Gbps for Extreme Pro. This initiative aligns with Comcast's goal of deploying the nation's largest multi-gig network, aimed to reach 50 million homes by 2025. Xfinity's services focus on delivering unmatched reliability and security, further establishing its competitive edge in broadband.

FreeWheel has announced an enhancement to its premium programmatic offerings, introducing a unified yield capability for publishers. This new feature allows non-guaranteed programmatic demand to compete with direct sold guaranteed ads, aiming to maximize revenue for publishers while ensuring advertiser commitments are met. The adoption of this tool is timely, as programmatic ad growth has surged by 80% year-over-year. A+E Networks, an early user, reported a +35% increase in CPM across replaced impressions, demonstrating the tool's effectiveness in balancing demand and maintaining guaranteed deal delivery.

Comcast Advertising's new report, "TV Makes Memories," reveals that long-form TV ads significantly enhance brand recall and purchase intent. Conducted with MediaScience, the study indicates that unaided recall for TV ads is 2.2 times higher, while purchase intent is 1.3 times greater when ads are viewed on a big screen versus mobile digital platforms. The findings highlight the effectiveness of TV advertising in fostering engagement and memory retention, benefiting brands that utilize this medium strategically.

Comcast Corporation (Nasdaq: CMCSA) has appointed Mike Cavanagh as its new President, marking a significant leadership change as he becomes only the third individual to hold this position in the company's 59-year history. Cavanagh, who previously served as Chief Financial Officer, will continue to work closely with Chairman and CEO Brian L. Roberts. With over 20 years of experience in the financial services sector, including leadership roles at JPMorgan Chase, Cavanagh's promotion is expected to enhance Comcast's operational and financial strategy, focusing on growth opportunities.