Comcast delivered solid financial results in Q2 despite several challenges. Read more to see why we reiterate our Buy rating and consider the stock undervalued.
Warner Bros. Discovery’s CEO reportedly told employees that the company is “absolutely not for sale” after rumors swirled that its management could be looking to merge with Comcast.
My “We Are Not For Sale” shirt has people asking a lot of questions already answered by my shirt. | Illustration by Alex Castro / The Verge Warner Bros. Discovery’s CEO David Zaslav seems to be trying to squash rumors that he wants to sell the company to the likes of Comcast. According to a report from Deadline , he told employees that “we are not for sale, absolutely, not for sale,” during a Zoom call on Wednesday attended by staff from all over the company. While he reportedly didn’t address any specific rumors, a recent report from The Hollywood Reporter seems to be the likely target of his comments. Earlier this month, the outlet suggested that “top industry execs” were “convinced” that Warner Bros. was on the brink of merging with Comcast, owners of NBCUniversal and the Peacock streaming service (and, disclosure , an investor in Vox Media, The Verge ’s parent company). One was even already mourning the loss of another major studio after Disney bought 21st Century Fox , according to the report.
EQS-News: Comcast Washington EVERGREEN GOODWILL PARTNERS WITH COMCAST TO OPEN NEW HIGH-TECH COMMUNITY LEARNING SPACE FOR EDUCATION AND JOB TRAINING RESOURCES IN BELLINGHAM 29.09.2022 / 18:05 CET/C…
EQS-News: Comcast Washington EVERGREEN GOODWILL PARTNERS WITH COMCAST TO OPEN NEW HIGH-TECH COMMUNITY LEARNING SPACE FOR EDUCATION AND JOB TRAINING RESOURCES IN BELLINGHAM 29.09.2022 / 18:05 CET/CEST The issuer is solely responsible for the…
Some major advertisers including Dyson, Mazda and chemicals company Ecolab have suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions are appearing alongside tweets soliciting child pornography, the companies told Reuters. Ads for at least 30 brands, ranging from Walt Disney Co , Comcast Corp’s NBCUniversal and Coca-Cola Co. […]
Some major advertisers including Dyson, Mazda and chemicals company Ecolab have suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions are appearing alongside tweets soliciting child pornography, the companies told Reuters. Ads for at least 30 brands, ranging from Walt Disney Co , Comcast Corp’s NBCUniversal and Coca-Cola Co. […]
Internet Service Market Analysis & Forecast for Next 5 Years New Jersey, NJ -- ( SBWIRE ) -- 09/28/2022 -- The Latest Released Internet Service market study has evaluated the future growth potential of Global Internet Service market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential drivers, challenges, opportunities, and restraints in the Internet Service market. The study includes market share analysis and profiles of players such as ATandT (United States), Sparklight (United States), CenturyLink (United States), Verizon (United States), China Telecom Global (China), Vodafone Group (United Kingdom), Comcast (United States), China Mobile (China), China Unicom (China) and Jio (India).
Walt Disney (DIS) and Universal (CMCSA) are closing Florida theme parks for two days ahead of the arrival of Hurricane Ian
NORTHAMPTON, MA / ACCESSWIRE / September 27, 2022 / All year long, Comcast NBCUniversal is committed to recognizing the contributions and influence of Hispanic and Latino communities to our history, culture, and achievements of our company. We believe a diverse, equitable and inclusive company is a more innovative and successful one, and Hispanic Heritage Month provides a special opportunity for us to recognize the remarkable contributions of the Hispanic and Latino communities across our company and beyond. In honor of Hispanic Heritage Month, which begins September 15, we are curating thousands of hours of programming to provide opportunities for families and individuals of all ages to learn about the Hispanic culture and its traditions, celebrate this special community, and share their stories with others. Xfinity Programming We are proud to announce that Xfinity has curated a collection of bilingual and bicultural movies, TV shows, and more on X1, Stream and Flex. This unique collection is edutaining, through programs with authentic stories which celebrate the achievements and breakthroughs of the community.
In the latest trading session, 6.53 million Comcast Corporation (NASDAQ:CMCSA) shares changed hands as the company’s beta touched 0.93. With the company’s most recent per share price at $31.15 changing hands around $0.26 or 0.83% at last look, the market valuation stands at $139.02B. CMCSA’s current price is a discount, trading about -86.07% off its … The Stock Of Comcast Corporation (NASDAQ: CMCSA) Was Forecast By Analysts To Close At $70.00 Per Share By 2022. Read More »
Comcast is an asset bonanza with 51% broadband footprint in the U.S. Comcast loses cable TV customers, but gains on the broadband, streaming and advertising business Shares are trading at historic lows of 9X forward earnings with 3.33% dividend yield Global media and communications company Comcast (NASDAQ:CMCSA) stock is down (-37%) on the year and […]
EQS-News: Comcast Washington CITY OF SEATTLE PARTNERS WITH COMCAST TO ANNOUNCE $1 MILLION IN GRANTS TO LOCAL SMALL BUSINESSES 26.09.2022 / 19:30 CET/CEST The issuer is solely responsible for the content of this announcement. Today, Comcast announced that it will award an additional $1 million in grants to small businesses
Today, Comcast announced that it will award an additional $1 million in grants to small businesses owned by women and people of color, including Black, Indigenous, Hispanic, and Asian American owners, among others, in King and Pierce counties. Expanding on the foundational work of Mayor Bruce Harrell and the City of Seattle Office of Economic Development to establish regional partnerships that support small businesses impacted by the COVID-19 pandemic, Comcast will award $10,000 cash grants to 100 small business owners. Seattle Mayor Bruce Harrell and Tacoma City Council Member Keith Blocker, along with representatives from the Seattle Metropolitan Chamber of Commerce and Tacoma-Pierce County Chamber of Commerce, joined Comcast today at Work and Play Lounge in West Seattle to announce the Comcast RISE Investment Fund . Beginning on October 3 and through October 16, eligible businesses can apply for a $10,000 grant at www.ComcastRISE.com . “Small businesses make our communities vibrant places to live and work, and they have shown tremendous resilience over the last two years,” said Seattle Mayor Bruce Harrell. “The Comcast RISE grants will provide a boost for women and BIPOC-owned small businesses in Seattle, investing in an equitable recovery for our city and giving these businesses that make up the very fabric of our communities the tools needed to thrive.” According to a 2022 survey , almost all small businesses (97%) are concerned about inflation, and rising costs are the most significant threats small businesses currently face.
Three analysts boast a 100% track record of generating successful calls on these three companies: Enterprise artificial intelligence (AI) software maker C3.ai (NYSE:AI), American discount retailer Ollie’s Bargain Outlet (NASDAQ:OLLI), and broadcasting giant Comcast (NASDAQ:CMCSA). Wall Street analysts undertake thorough research of companies in their coverage, including the impact of both micro and macro factors. Based on their study, they predict a stock’s future trajectory and give Buy, Sell, or Hold ratings. Investors often follow analysts’ recommendations to make investment decisions and generate reasonable returns. Let’s look at each of the above three companies and their related analysts'' ratings, as well as the average returns generated on each of them.
Samsung Electronics Tapped To Support Comcast''s 5G Connectivity Efforts BusinessKorea
Don''t panic that you might miss out on tonight''s potentially legendary match-up between the Yankees and Red Sox just because it''s on Apple TV+ — there''s a good chance you can tune in for free. Apple is streaming the game at no charge as part of its weekly Friday Night Baseball feature , with coverage starting at 6:25PM Eastern and the action starting in earnest at 7PM. It''ll require a little bit of work and a compatible device, but you too can see if Aaron Judge will break Roger Maris'' American League home run record. Here''s how to watch. You''ll need to either sign into or create a free Apple ID account at the Apple TV+ website or a supporting app. You may be prompted to add a credit card, but Apple won''t charge you for this or any Friday Night Baseball game. The service is available on the web for Android- and computer-based viewers. iPhone, iPad and Mac users can also try the native app. You also have many choices for watching in the living room. On top of Apple TV boxes , you can also tune into the Yankees-Red Sox game using the app for recent smart TVs from Samsung, LG, Sony, HiSense, Panasonic and Vizio.
PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation will host a conference call with the financial community to discuss financial results for the third quarter on Thursday, October 27, 2022, at 8:30 a.m. Eastern Time (ET). Comcast will issue a press release reporting its results earlier that morning. The conference call will be broadcast live on Comcast’s Investor Relations website at www.cmcsa.com. Those parties interested in participating via telephone should dial 929-477-0338 with the passcod
Comcast Corporation found using ticker (CMCSA) now have 32 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 70 and 33 with a mean TP of 47.56. Now with the previous closing price of 32.7 this indicates there is a potential upside of 45.4%. The day 50 moving average is 37.81 while the 200 day moving average is 43.7. The company has a market cap of $144,313m. Find out more information at: https://corporate.comcast.com [stock_market_widget type="chart" template="basic" color="green" assets="CMCSA" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $209,894m based on the market concensus. Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.
In the current trading session, Comcast Corporation’s (CMCSA) stock is trading at the price of $32.83, a gain of 0.41% over last night’s close. So, the stock is trading at a price that is -43.35% less than its 52-week high of $57.96 and 0.47% better than its 52-week low of $32.68. Based on the past […]
Seoul: Samsung Electronics said on Thursday it will provide 5G solutions to America’s largest cable service provider, Comcast, in its latest deal as one of the world’s biggest 5G network services providers. The partnership to supply 5G Radio Access Network (RAN) is aimed at helping Philadelphia-based Comcast to “enhance 5G connectivity” for its customers, the … Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .
SEOUL, Sept. 22 (Yonhap) -- Samsung Electronics Co. said Thursday it will provide 5G solut…
Home Appliances Market 2022-2028 New Jersey, NJ -- ( SBWIRE ) -- 09/21/2022 -- The Latest research study released by HTF MI "Global Home Appliances Market" with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth. Some of the Major Companies covered in this Research are Haier (Including GE), Whirlpool, Midea, Panasonic, Arcelik, SAMSUNG, SONY, LG, BSH, Hisense, Electrolux, Philips, Gree, TCL, Changhong, SKYWORTH, Meling, Robam, Miele & Cie, Comcast & Xiaomi etc. Click here for free sample + related graphs of the report @: https://www.htfmarketreport.com/sample-report/4137619-2022-2030-report-on-global-home-appliances-market Browse market information, tables and figures extent in-depth TOC on "Home Appliances Market by Application (Household & Commercial), by Product Type (, Refrigerators, Washing and Drying Appliances, Air Conditioner, Kitchen Appliances & TVs), Business scope, Manufacturing and Outlook – Estimate to 2027". for more information or any query mail at sales@htfmarketreport.com At last, all parts of the Global Home Appliances Market are quantitatively also subjectively valued to think about the Global just as regional market equally.
Peacock, Comcast’s NBCUniversal-owned streamer, announced its first original adult animation series today. It’s about time the streaming service invested in the genre, as adult animation shows continue to do well for competitors Netflix and Hulu. Peacock’s upcoming animated comedy series, “In the Know,” will star “Beavis and Butt-Head” creator Mike Judge and “Silicon Valley” star […] Peacock invests in its first adult animation series, stars Mike Judge and ‘Silicon Valley’s’ Zach Woods by Lauren Forristal originally published on TechCrunch
Cable veteran Comcast just announced an ambitious energy-saving effort. How important is this project to investors?
Full Duplex DOCSIS expected in 2023 but won''t be available to everyone at first.
Comcast (CMCSA) says it''s pulled off a successful test of technology it wants to use to deploy multi-gigabit symmetrical speeds throughout its entire broadband network
plans to start running live tests of its 10G multi-gigabit symmetrical internet services later this year before starting to offer it to customers in 2023. The company has been to boost home internet speeds over the existing cable network over the last couple of years and the final piece of the puzzle appears to be […] Comcast hit download speeds of 6Gbps over cable in a recent ‘10G’ test | Engadget
As the market looks ahead to the Federal Open Market Committee meeting, discussions over the weekend centered around the Fed decision and its implication for growth and the financial markets. Here''s a recap of a few major headlines that hit the wire over the weekend: Black Swan Author Slams Fed, Bitcoin: Nassim Taleb renewed his Bitcoin (CRYPTO: BTC ) bashing and also criticized the Fed for maintaining interest rates at extremely accommodative levels. “Zero interest rate for a long period of time, you are hurting the economy, you are creating a bubble, creating tumors like Bitcoin, ” he said. He renewed his call for the apex crypto going as low as 0. Disney-Comcast Lock Horns Over Hulu: Streaming platform Hulu is majority owned by Walt Disney Company (NYSE: DIS ), while Comcast Corporation (NYSE: CMCSA ) holds a 33% stake in the platform. Both companies have a deal in place to transfer full ownership in … Full story available on Benzinga.com
The Weakness Is Broadening Out From Low-Income To Middle-Income Consumers Earlier today, when making a case why the US economy has so far proven highly resilient to the Fed''s increasingly shrill attempts to push it into a recession, Morgan Stanley''s cross-asset strategist Andrew Sheets said that about half of all the income in the US is earned by households making more than $100,000 per year , and since most of these households own their own homes, and either have no mortgage or have refinanced into a 30-year fixed-rate mortgage at an extremely low rate, it means that the largest expense for these households is not rising even as the Fed is hiking, but their wages are (median wage growth in the US is ~6.5%, per the Atlanta Fed). For many of these households - which represent a large share of national income- Sheets said that financial conditions aren’t tightening, they’re easing, which may also help to explain why core inflation is so ‘sticky’ on the way down. Naturally, this is good news for America''s wealthy and upper-middle class, but it''s not good news for everyone else, and as Sheets admits, things look different at the low end of the income distribution, where households are more likely to face high rent inflation and be more impacted by higher food and energy costs. "This seems to present a real dilemma, one that in the market’s eyes increases the likelihood that the Fed will have to do more." Perhaps, but in a note published by Morgan Stanley''s Michael Wilson last week, the chief US strategist writes that he recently held his monthly meeting with lead analysts across US research and the bank''s economists/strategists, to better connect macro and micro data points.
A leading streaming platform is owned by two competing media companies. With a deal in place to transfer ownership, leading to a future transaction, things could become heated as a battle now takes place over the value of the platform and what’s next. What Happened: Streaming platform Hulu is 67% owned by The Walt Disney Company (NYSE: DIS ) and 33% owned by Comcast Corporation (NASDAQ: CMCSA ), two competing media companies. Hulu was launched in 2007 as a partnership between several media companies as a platform to air past episodes of television series. While several media companies and private equity investors formerly owned a piece of the company, it was Disney’s buyout of 21st Century Fox in 2019 that gave the company majority control and ownership of the platform. Comcast has a deal in place to sell its Hulu stake to Disney as early as 2024 based on a fair market value. Under the terms of the deal, Hulu will be valued at a minimum valuation of $27.5 billion, which would make Comcast’s stake worth $9.08 billion.
Some people seem to believe that “the market” is all-knowing. But that’s far from the case. In fact, “the market” often greatly overestimates and underestimates companies. Because of the latter phenomenon, it’s quite possible to identify stocks under $2 that can, in a few years, rocket to $20 or even higher. If you’re looking for a recent example, consider Plug Power (NASDAQ: PLUG ). At the start of 2019, shares were trading for $1.24. In January 2021, the stock hit a high above $75 for a gain of nearly 6,000%. PLUG stock was propelled higher by a number of factors, including the increased interest in renewable fuels and the explosion of e-commerce during the pandemic. Or take Luckin Coffee (OTC: LKNCY ), which was trading for well under $2 in May 2020 and closed yesterday at $16.26. After the company’s accounting scandal, many left shares for dead. But with the help of some angel investors, forgiving regulators and the brand’s continued popularity in China, LKNCY stock made a huge comeback.
The first week of the National Football League 2022 season kicked off on Sept. 8 with a Thursday Night Football matchup between the Buffalo Bills and defending Super Bowl champion Los Angeles Rams. The games broadcast on Thursday, Sunday and Monday posted strong viewership figures. Here’s a look at the numbers and the companies behind the big figures. What Happened: Viewership for the first week of NFL games was up compared to the first week of 2021, which could be a good sign for the companies spending billions of dollars on streaming rights. NFL games in the first week averaged 18.5 million viewers, up 3% from last season’s first week. This marked the best start to an NFL season since 2016, according to Front Office Sports. More than 121 million people watched NFL games in the first week, a figure that was up 5% from the previous year. On Sunday, around 83 million people watched NFL games. “As the viewership numbers would indicate, our fans are obviously excited to have the NFL back,” NFL Commissioner Roger Goodell said.
DGAP-News: Comcast Oregon / SW Washington Comcast RISE Awards 14 Small Businesses in Oregon/SW Washington with Technology Upgrades and Marketing Resources 16.09.2022 / 15:02 CET/CEST The issuer is…
DGAP-News: Comcast Oregon / SW Washington Comcast RISE Awards 14 Small Businesses in Oregon/SW Washington with Technology Upgrades and Marketing Resources 16.09.2022 / 15:02 CET/CEST The issuer is solely responsible for the content of this announcement. Comcast Business today announced that an additional 14 small businesses
Disney is set to buy Comcast’s stake in Hulu in 2024 – and can happen as soon as January 2024. But Disney’s CEO, Bob Chapek doesn’t want to wait until 2024. Chapek spoke with CNBC this morning and said that he “would like nothing more than to come up with that solution for an early […] Read More... The post Disney Wants To Buy Comcast''s Stake In Hulu "Tomorrow" appeared first on Android Headlines .
Comcast (NASDAQ: CMCSA) is highly unlikely to sell off its minority stake in Hulu cheaply, the media giant''s CEO, Brian Roberts said at a conference on Wednesday. Roberts'' comments came after Disney''s (DIS) CEO, Bob Chapek''s comments that he would like to buy off Comcast''s minority stake, of around 33% in Hulu as quickly as possible. According to Reuters, the deal reached back in 2019 had looked at a minimum valuation of $27.5 billion for Hulu. The report stated that Chapek''s comments in an interview with Financial Times suggested that since viewers have grown increasingly indifferent about streaming, a more modest payout for Hulu was warranted.
Comcast Corporation with ticker code (CMCSA) have now 32 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 70 and 33 with the average target price sitting at 47.56. With the stocks previous close at 33.46 this would imply there is a potential upside of 42.1%. The 50 day MA is 38.64 while the 200 day moving average is 44.3. The market capitalisation for the company is $152,124m. Company Website: https://corporate.comcast.com [stock_market_widget type="chart" template="basic" color="green" assets="CMCSA" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $216,229m based on the market concensus. Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.
The old adage for media companies is “content is king,” and the world of streaming platforms has put sports media rights in focus. Live sports continue to generate huge viewership and command premium advertising dollars, but one league was rejected by a major streaming platform. What Happened: AppleTV turned down a deal to land the rights to stream LIV Golf matches due to the league being "too toxic," according to Barstool Sports , an entity of PENN Entertainment (NASDAQ: PENN ). See Also: ESPN Beats Out Amazon, Comcast And Netflix For Formula 1 Rights: Here Are The Details Barstool Sports reporter Dan Rapaport cited a "well-placed source," adding that it''s "still not clear where LIV will be broadcast in 2023." AppleTV, a unit of Apple Inc. (NASDAQ: AAPL ), has shelled out billions to land sports content. The Cupertino, California-based company has partnered with Major League Baseball and is bidding on content from the National Football League . AppleTV also paid a reported $2.5 billion in a 10-year deal for the rights to Major League Soccer matches beginning in 2023.
Comcast stock climbed after the company announced a bigger stock buyback amid slowing growth in high-speed internet services.
DGAP-News: Comcast California 100 Small Businesses Owned by Women and People of Color in Oakland Will Have the Opportunity to Receive $10,000 from Comcast RISE 14.09.2022 / 18:05 CET/CEST The issu…
There are two main reasons why moving averages are useful in forex trading: moving averages help traders define trend recognize changes in trend. Now well have a look on, SMA50 … The post Vamping stocks: Comcast Corporation (NASDAQ:CMCSA 0.73%), Roblox Corporation (NYSE:RBLX 2.28%) appeared first on Stocks Equity .
Illustration by Alex Castro / The Verge A “hard bundle” of Disney Plus and Hulu could be coming in the next few years if Disney CEO Bob Chapek has anything to say about it. Chapek spoke with the Los Angeles Times during Disney’s big fan event, D23 , this past weekend. It was one of the first times he’s spoken about the company and the myriad of controversies it has reckoned with over the last two years. Most of what he said was very neutral, but then they got onto the conversation of the future of Hulu, the streaming giant currently co-owned by Comcast, and Chapek showed his cards… just a little. Disney is currently on the hook to buy out Comcast’s stake in Hulu as early as 2024. The two companies are haggling over what Hulu is actually worth — with Comcast claiming it could... Continue reading…
DGAP-News: Comcast Washington COMCAST PARTNERS WITH CITY OF TACOMA TO ADVANCE DIGITAL EQUITY EFFORTS ACROSS THE SOUTH PUGET SOUND REGION 12.09.2022 / 20:00 CET/CEST The issuer is solely responsibl…
DGAP-News: Comcast Washington COMCAST PARTNERS WITH CITY OF TACOMA TO ADVANCE DIGITAL EQUITY EFFORTS ACROSS THE SOUTH PUGET SOUND REGION 12.09.2022 / 20:00 CET/CEST The issuer is solely responsible for the content of this announcement.
Wells Fargo analyst Steven Cahall downgraded shares of Cable One Inc. to equal-weight from overweight Monday, warning of the spending trajectory ahead for the broader cable universe. "While we think CABO has the strongest/best network-nearly 70% fiber by mileage-it''s also well known that incremental competition is coming to all areas, including rural," Cahall wrote. He expects that the upcoming capital-expenditure cycle in the cable industry will pressure free-cash flow for Cable One and fellow providers. He predicts Cable One will have to spend $200 for each home passed, compared with $300 for both Comcast Corp. and Charter Communications Inc. , and perhaps $600 for Altice USA Inc. . "While our capex may be too heavy in the near term, we think we''re directionally right for the sector that a build phase is ahead," Cahell wrote. "While CABO''s capex cycle may be somewhat less severe vs peers, it''s still a necessity, as competition in rural markets is increasing from FWA, fiber, and eventually, satellite." Additionally, though Cahall sees Cable One as "still the best house" in the challenged cable neighborhood, he doubts the company will be "immune" to pressures in the industry. "We think CABO''s markets skew to lower-income cohorts, hence inflation and higher gas prices have a bigger impact on sub metrics," he wrote, while cutting his price target on the stock to $1,200 from $1,700.
, Comcast is one step closer to offering multi-gig symmetrical speeds over cable. This week, the company began a new deployment that will allow more than 50 million US households to access its new 2Gbps service by the end of 2025. In a spotted by , Comcast said it would offer multi-gig internet packages in […] Comcast debuts 2Gbps internet service in four states | Engadget
After nearly two years of testing , Comcast is one step closer to offering multi-gig symmetrical speeds over cable. This week, the company began a new deployment that will allow more than 50 million US households to access its new 2Gbps service by the end of 2025. In a press release spotted by The Verge , Comcast said it would offer multi-gig internet packages in 34 cities across the country before the end of the year, with initial rollouts already underway in Augusta, Colorado Springs, Panama City Beach and Philadelphia. Even if you don’t sign up for the new Gigabit 2x service, you’ll see an improvement in upload speeds. For instance, in Colorado Springs, Comcast says some tiers offer upload speeds up to 10 times faster than previously possible. The Gigabit 2x plan will initially limit customers to uploading files at 200Mbps. However, starting in 2023, multi-gig symmetrical speeds will be possible, thanks to a technology called DOCSIS 4.0 . Comcast has been transitioning to the standard for the past few years .
Comcast is rolling out 2-gig download speeds in Colorado Springs, Augusta, Panama City Beach, and Philadelphia. It plans to extend these multi-gig speeds to 34 cities across the US by the end of 2022.
Currently, Comcast Corporation’s (CMCSA) stock is trading at $35.19, marking a gain of 2.37% from last night’s close. At this price, the stock is -42.17% below its 52-week high of $60.85 and 4.28% above its 52-week low of $33.74. Based on the past 30-day period, the stock price is -13.82% below the high and +3.78% […]