Comcast Corp Stock Price, News & Analysis

Comcast Business has partnered with Fortinet (NASDAQ: FTNT) to enhance its managed services by offering secure access service edge (SASE) and security service edge (SSE) solutions. This collaboration aims to assist enterprises in protecting distributed workforces through a cloud-delivered security approach. Recent CIO research shows that 98% of IT leaders find the convergence of network and security vital. Comcast's offerings, hosted via Equinix data centers, provide enterprises with flexible and secure network services, including up to 10 Gbps connectivity.

Xfinity Mobile is offering a free Pixel 6a for new customers activating a new line from July 28 to August 9. To qualify, customers must transfer a phone number from another carrier and opt for a 24-month Device Payment Plan. The Pixel 6a, equipped with Google Tensor, offers fast performance and enhanced security. Xfinity Mobile also provides flexible payment options, allowing customers to choose between pay-as-you-go or unlimited plans.

Comcast Corporation (NASDAQ: CMCSA) declared a quarterly dividend of $0.27 per share on its common stock. This dividend is scheduled for payment on October 26, 2022, to shareholders recorded as of October 5, 2022. Comcast continues to maintain a significant presence in the media and technology sectors, with over 57 million customer relationships across the United States and Europe, focusing on connectivity, aggregation, and streaming services.

Comcast Corporation (CMCSA) reported strong Q2 2022 results, with overall revenue rising 5.1% to $30.0 billion and adjusted EBITDA increasing 10.1% to $9.8 billion. Adjusted earnings per share grew 20.2% to $1.01. While net income attributable to Comcast fell 9.2% to $3.4 billion, adjusted net income rose 14.3% to $4.5 billion. Free cash flow decreased by 33.8% to $3.2 billion. The company returned $4.2 billion to shareholders through dividends and share repurchases. Customer relationships fell by 28,000, despite gains in broadband and wireless customers.

Comcast has announced an additional $1 million in grants through the Comcast RISE initiative for over 100 small businesses in Philadelphia, particularly targeting women and people of color. This follows a previous $1 million awarded in 2021, bringing total grants awarded in Philadelphia to $2 million. To date, Comcast RISE has impacted more than 9,500 entrepreneurs across the U.S., with a total commitment of over $16 million in grants.

The initiative aims to support small businesses recovering from the economic impacts of the COVID-19 pandemic.

Comcast RISE has awarded over $16 million in grants and $75 million in in-kind support to empower more than 9,500 entrepreneurs nationwide. On July 26, 2022, Comcast announced $1 million in grants for 100 small businesses in Allegheny County, focusing on women and minority owners. The initiative, which started in 2020 to assist businesses affected by COVID-19, aims to address inequities faced by women in accessing resources. By the end of 2022, 13,000 businesses are expected to benefit from Comcast RISE.

Comcast has opened a new Xfinity store in Alexandria, Virginia, marking its sixth location in Northern Virginia. Spanning 3,200 square feet, the store offers an interactive experience showcasing Xfinity's full range of products and services, including Supersonic WiFi and smart home security solutions. A dedicated team assists customers in managing accounts and signing up for services. The store also promotes the Affordable Connectivity Program, aiding low-income residents. It operates seven days a week, further expanding Comcast's retail presence in the region.

Comcast Advertising has released a report revealing that free ad-supported streaming TV (F.A.S.T.) penetration has more than doubled in the past year, with 60% of connected TV households using F.A.S.T. services. The report emphasizes the growing significance of F.A.S.T. as a complementary advertising platform to traditional TV and streaming. Advertisers report that F.A.S.T. enhances audience reach, making it a valuable component of multi-screen media strategies. As consumer habits shift towards cost-effective streaming solutions, F.A.S.T. channels emerge as important tools for driving engagement and discovery.

Comcast has announced a partnership with Serve Your City/Ward 6 Mutual Aid to launch a Digital Navigator program in Washington, D.C. aimed at promoting digital equity. This initiative will train community leaders to provide residents in Wards 7 and 8 with information about free and low-cost Internet options, as well as digital skills training. The program seeks to raise awareness about the Affordable Connectivity Program, which offers a $30 monthly credit for Internet services. Comcast's larger project, Project UP, includes a $1 billion commitment to enhance digital access nationwide.