Tag: Comcast

Comcast Tops Q4 Consensus; Hikes Share Buyback to $10 Billion; Raises Dividend by 8 Percent

January 27, 2022
Business & EconomyComcastCompaniesInvestmentMarketsstockstocks
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Comcast Corp. reported fourth-quarter FY21 revenue growth of 9.5 percent year-on-year to $30.34 billion, beating the consensus of $29.74 billion. Segments Revenue for Cable Communications rose 4.5 percent Y/Y to $16.4 billion, driven by increases in broadband, wireless, business services partially offset by decreases in advertising, video, and voice revenue. Customer Relationships increased by 169,000 to…

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Comcast Shares Gain on RBC Capital Rating Upgrade

January 25, 2022
Business & EconomyComcastCompanieseconomyMarketsratingRBC Capital
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RBC Capital analyst Steven Cahall upgraded the rating on Comcast Corp. to Outperform, from Sector Perform, with a $60 price target, suggesting an upside of 18 percent. Cahall stated that the recent 19 percent sell-off since early August is overdone. “While we acknowledge that telco fiber and fixed wireless will pressure Comcast’s fundamentals, our analysis suggests concerns over…

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The Inside Story of How Bill Gates and Microsoft Earned a 400 Percent Return on Comcast

January 24, 2022
Bill GatesBusiness & EconomyComcastCompanieseconomymicrosoft
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Bill Gates and Microsoft Corporation recognized the true potential of high-speed data and video services through a cable delivery network back in the 1990s. Microsoft announced it invested $1 billion in Comcast Corporation in 1997 to enhance the deployment of Comcast’s network to better deliver broadband capabilities. Comcast CEO Brian Roberts discussed how the deal…

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Comcast Q3 Growth Aided by Customer Addons, NBCUniversal

October 29, 2021
3Q EarningsBusiness & EconomyBusiness ColumnistsComcastCompaniesInvestmentMarketsUSUS News
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Comcast Corp. reported third-quarter FY21 revenue growth of 18.7% year-on-year to $30.3 billion, beating the consensus of $29.87 billion. Revenue for Cable Communications rose 7.4 percent Y/Y to $16.12 billion, driven by increases in broadband, advertising, wireless, business services, video, and other revenue, partially offset by a decrease in voice revenue. Customer Relationships increased by 255,000…

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