Comcast Corp Stock Price, News & Analysis

Comcast Business has announced a $26 million investment over two years for expanding its advanced network in Greater Philadelphia and New Jersey. This expansion will directly reach nearly 4,000 businesses and aims to enhance network accessibility for thousands more. The investment includes $10.3 million in 2020 and $15.7 million in 2021 projects, bringing total investment since 2015 to nearly $100 million for the benefit of approximately 24,000 businesses. The upgraded capacity will support advanced services, crucial for local economic growth.

Comcast has launched its best-ever lineup of iPhone and iPad, featuring the iPhone 13 series and iPad mini. The iPhone 13 Pro and Pro Max boast an advanced camera system, Super Retina XDR display, and improved battery life. Customers can receive up to $300 off when porting a new number or upgrading. The new iPad mini includes the A15 Bionic chip for faster performance. This launch positions Comcast to enhance its offerings in the mobile market, appealing to both new and existing customers.

Comcast has launched the XiOne, its first global wireless streaming device available to customers in Italy and Germany for Sky Q and rolling out in the United States for Xfinity Flex. The XiOne supports WiFi 6, 4K UHD, and features a new voice remote. The device aims to deliver seamless video services over IP and reflects Comcast's collaborative approach in product development following the Sky acquisition. Future availability is planned for Xfinity X1 customers and more channels.

Comcast has announced an expansion of its Internet Essentials program to include Federal Pell Grant recipients, aiming to enhance digital equity for students pursuing post-secondary education. This initiative is part of Project UP, a $1 billion commitment to connect 50 million people to digital resources. Additionally, Comcast will donate $15 million in services and 25,000 laptops to support low-income individuals. Over ten years, Internet Essentials has connected over 10 million people to the internet, showcasing Comcast's ongoing effort to bridge the digital divide.

Strategus has partnered with FreeWheel, a Comcast Company, to enhance programmatic CTV advertising through FreeWheel’s Strata platform. This collaboration allows over 1,100 agencies to access Strategus’s premium CTV inventory via an automated workflow, improving campaign efficiency. Strategus, an innovator in CTV since 2015, offers robust targeting and attribution solutions, now integrated with Strata for better local targeting capabilities. As CTV advertising grows, this partnership aims to streamline processes and drive performance for advertisers.

Comcast has donated 3,000 laptops and free Internet service to organizations in Baltimore City, including Digital Harbor High School. This initiative, stemming from its Internet Essentials program, aims to address digital equity by connecting low-income families. Over the past decade, the program has aided 192,000 Baltimore residents, with a commitment of $1 billion to enhance digital access for 50 million people. Baltimore Mayor Brandon Scott praised the partnership, emphasizing the importance of reliable Internet for remote learning.

Comcast Corporation (NASDAQ: CMCSA) will hold a conference call on October 28, 2021, at 8:30 a.m. ET, to discuss its third-quarter financial results. A press release detailing the results will be issued beforehand. Interested participants can join the call via the Investor Relations website or by phone at (833) 618-9487. The call will be available for replay starting at 12:00 p.m. ET the same day until November 4, 2021, at midnight ET. Comcast provides a range of media and technology services to millions across the United States and Europe.

The Comcast RISE Investment Fund is launching its second round, awarding $10,000 grants to 600 small businesses owned by people of color in cities like Houston, Miami, and Seattle. This initiative boosts total grants to $11 million since its inception in late 2020. Additionally, 1,100 businesses will receive marketing and technology support, bringing total awardees to almost 4,700. The program emphasizes long-term support for underrepresented entrepreneurs, aiming to drive positive community impact and enhance business growth.

Notion, a Comcast Company, has signed an exclusive agreement with Honey Insurance in Australia to offer smart home sensors that enhance property monitoring. Customers receive a free Smart Home Sensor Kit worth AU$250 and an 8% discount on their premiums upon activation. This partnership enables Honey Insurance to leverage Notion's technology to improve risk management for homeowners. Notion's sensors monitor for issues like water leaks and temperature changes, ensuring proactive management and reducing potential damages.