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Comcast Corp - CMCSA STOCK NEWS

Welcome to our dedicated page for Comcast news (Ticker: CMCSA), a resource for investors and traders seeking the latest updates and insights on Comcast stock.

Comcast Corporation, headquartered in Philadelphia, is the largest American multinational telecommunications and media conglomerate. With a core cable business servicing 63 million US homes and businesses, Comcast also owns NBCUniversal, Sky, CNBC, MSNBC, USA, Universal Studios, and more. Recently, Comcast announced a $1 million grant to The Arc of the United States to enhance digital equity and advocate for the IDD community.

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Comcast Business has awarded 43 small businesses in Houston with Comcast RISE awards, providing them with consulting, media services, and technology upgrades. This initiative, part of a broader effort, aims to support BIPOC-owned small businesses affected by COVID-19. The program offers marketing consultations, media campaign assistance, and technology makeovers, benefiting over 700 businesses across 29 states. Comcast RISE is part of a larger $100 million Diversity and Inclusion initiative.

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Comcast's Xfinity Cyber Health Report reveals alarming statistics about cyber threats targeting U.S. households. The report shows that since January, xFi Advanced Security has blocked nearly six billion threats, averaging 104 threats per household per month. Key findings indicate 95% of consumers underestimate their cyberattack risk and 96% lack basic cybersecurity knowledge. With the rise in connected devices, cybersecurity awareness is crucial, yet many users engage in risky behaviors. Xfinity xFi's security service is now free for 20 million customers, enhancing protection against these threats.

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Comcast Corporation (NASDAQ: CMCSA) announced the first round of recipients for its Comcast RISE initiative, awarding over 700 small businesses with resources like consulting and technology upgrades. This program, which began in October, now extends eligibility to BIPOC-owned businesses, responding to challenges posed by COVID-19. Recipients span 285 cities across 29 states and include various sectors such as restaurants and retail. The initiative aims to strengthen small businesses with marketing support and technology makeovers as part of a $100 million Diversity, Equity, and Inclusion initiative.

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A group of technology companies, including Comcast, has achieved a milestone in combating fraudulent robocalls by completing the first call with authenticated caller ID and Rich Call Data (RCD) using the STIR/SHAKEN framework. This innovation enhances trust in the phone ecosystem by ensuring recipients know who is calling and why. The call involved collaboration among Everbridge, NetNumber, Numeracle, and Twilio, showcasing the potential of RCD for enterprises needing reliable communication tools, especially in emergencies.

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On December 8, 2020, Jeff Shell, CEO of NBCUniversal (Nasdaq: CMCSA), will speak at the UBS Global TMT Virtual Conference. The presentation is scheduled for 10:15 A.M. Eastern Time and will be accessible via a live webcast on Comcast's Investor Relations website. An on-demand replay will be available after the event. Comcast Corporation, the parent company, operates in media and technology sectors, with three main divisions: Comcast Cable, NBCUniversal, and Sky, providing essential services like high-speed internet, video, and entertainment content.

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On November 18, 2020, Comcast hosted a virtual summit to address the digital divide affecting veterans in New England. The company announced over $250,000 in donations to local organizations for digital inclusion efforts. Grants included $20,000 each to the VA Connecticut Healthcare System, Easterseals, and Dodge House, alongside $30,000 to Bilingual Veterans Outreach Centers. Comcast provided 500 Dell laptops and six-month complimentary internet access to aid veterans. The initiative is part of Comcast's Internet Essentials program, connecting low-income households, especially veterans, to vital online resources.

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On November 18, 2020, Comcast held a virtual summit to address the digital divide impacting veterans, announcing donations exceeding $250,000 for digital inclusion in Connecticut, Vermont, and western Massachusetts. The event included a panel discussion with local officials and experts, emphasizing the importance of internet access for veterans facing social isolation and job loss. Comcast pledged four grants of $20,000 each to local organizations, along with $30,000 to one additional group. They also donated 500 laptops and free internet access for six months to support veterans in need.

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Comcast has launched an initiative to install over 20 WiFi-connected 'Lift Zones' in the Twin Cities, aiming to provide free internet access for low-income families. This project, developed in partnership with local nonprofits, is designed to support students in distance learning, with the first Lift Zone established at the Sanneh Foundation Distanced Learning Hub. Comcast will offer free WiFi in these locations for three years, along with additional digital skills resources to aid families and site coordinators. This move aligns with Comcast's broader efforts to advance digital equity, serving over 8 million low-income individuals through its Internet Essentials program.

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Canoe Ventures has launched the first multi-distributor, linear addressable TV campaign under the On Addressability initiative, a collaboration with Comcast Advertising, Cox Media, and Charter’s Spectrum Reach. This initiative aims to provide a scalable addressable advertising solution to marketers. With over 30 million addressable homes involved, AMC Networks becomes the first national cable network to run multiple ads across various distributors. Canoe is responsible for the execution and service management of these campaigns, marking a significant step toward evolving addressable TV advertising.

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Comcast has appointed Rich Jennings as President of Comcast Cable’s West Division, effective immediately. Jennings, with 25 years in the cable industry, previously served as Senior Vice President of Field Operations for the West Division. He will oversee operations across multiple states, succeeding Steve White, who transitions to President, Special Counsel to the CEO. The change aims to enhance service delivery and customer experience. Jennings has a strong history in community service and has been recognized as an influential leader in the cable industry.

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FAQ

What is the current stock price of Comcast (CMCSA)?

The current stock price of Comcast (CMCSA) is $39.82 as of September 18, 2024.

What is the market cap of Comcast (CMCSA)?

The market cap of Comcast (CMCSA) is approximately 152.1B.

What is Comcast Corporation known for?

Comcast Corporation is the largest American multinational telecommunications and media conglomerate, offering television, internet, and phone services to millions of US homes and businesses.

What are some of Comcast's key acquisitions?

Comcast acquired NBCUniversal from General Electric in 2011 and Sky in 2018, making it a major player in the media and entertainment industry.

What recent initiative did Comcast announce with The Arc of the United States?

Comcast recently announced a $1 million grant to The Arc to enhance digital equity, support special education advocacy, and provide Spanish-speaking families access to resources.

How does Comcast support the IDD community?

Comcast supports the IDD community through initiatives like The Arc@School Special Education Advocacy Curriculum, Tech Coaching Centers, and targeted outreach to Hispanic communities.

What impact does Comcast's $1 million grant to The Arc have?

The grant will help The Arc enhance its data infrastructure, digital literacy programs, advocacy efforts, and support for Spanish-speaking families, empowering millions of people with disabilities across America.

What is Comcast's vision for digital equity?

Comcast's vision for digital equity is to ensure all individuals, including those with disabilities, have access to technology, skills training, and opportunities for independence and success.

How does Comcast collaborate with The Arc of the United States?

Comcast collaborates with The Arc to provide grants, translate educational resources into Spanish, conduct outreach to Hispanic communities, and support Tech Coaching Centers for people with IDD.

What is the significance of Comcast's partnership with The Arc?

Comcast's partnership with The Arc aims to break down barriers, create equity, and empower individuals with disabilities to thrive by providing access to education, technology, and advocacy.

How does Comcast contribute to social impact and corporate responsibility?

Comcast demonstrates social impact and corporate responsibility through initiatives like Project UP, which aims to advance digital equity, support the IDD community, and create a future of unlimited possibilities.

What are some key highlights of Comcast's recent activities?

Some key highlights of Comcast's recent activities include the $1 million grant to The Arc, support for Tech Coaching Centers, advocacy for special education, and empowering individuals with disabilities through technology and resources.

Comcast Corp

Nasdaq:CMCSA

CMCSA Rankings

CMCSA Stock Data

152.11B
3.86B
0.71%
87.92%
1.44%
Telecom Services
Cable & Other Pay Television Services
Link
United States of America
PHILADELPHIA