|Bid||35.82 x 4000|
|Ask||35.83 x 800|
|Day's range||35.62 - 36.24|
|52-week range||30.43 - 44.00|
|Beta (3Y monthly)||1.43|
|PE ratio (TTM)||7.02|
|Earnings date||25 Oct 2018|
|Forward dividend & yield||0.76 (2.11%)|
|1y target est||43.35|
Comcast Corporation announced today that it is changing the time of its conference call to discuss third quarter results on Thursday, October 25, 2018 to 8:00 a.m. Eastern Time (ET), from the previously announced time of 8:30 a.m. Eastern Time (ET). Comcast will issue a press release reporting its results earlier that morning. The adjustment is being made to allow for additional time for a discussion of the company’s recent acquisition of Sky, which will take place on the same conference call immediately following the discussion of third quarter results.
Jim Cramer prepares for what he thinks may be the "toughest" earnings week yet and issues a warning about companies with links to China trade or the Federal Reserve.
That’s about how many net new subscribers the streaming service added last quarter, which blew analysts' estimates and its own guidance out of the water.
The young streaming-video leader outgrew its subscriber forecast last quarter, while the old tech giant slipped back into revenue shrinkage mode.
Comcast announced that it is the nation’s largest provider of gigabit broadband, with the ultra-fast Xfinity Gigabit Internet and Comcast Business Gigabit services now available to nearly all of the company’s 58 million homes and businesses passed in 39 states and the District of Columbia. This deployment represents the fastest roll out of gigabit speeds to the most homes in the country. Comcast has increased speeds 17 times in 17 years and has doubled the capacity of its broadband network every 18-24 months.
On October 17, a US appeals court announced that it has decided to listen to the arguments related to the Justice Department’s (or DoJ) objection to AT&T’s (T) $85.4 billion purchase of Time Warner on December 6. In July, the Department of Justice asked a federal appeals court to reverse the judge’s decision to approve the mega-merger, which closed on June 14, citing concerns that the deal would raise costs and harm consumers. AT&T’s merger with Time Warner was announced in October 2016 but underwent significant regulatory scrutiny.
In the previous article, we discussed a few of the pay-TV market trends affecting Verizon (VZ). The telecommunications company is managing the secular challenges of the pay-TV market by concentrating on its Fios Internet offering. It will be interesting to see Verizon’s Fios Internet net subscriber additions in the third quarter, as the company has continued to face stiff competition from leading cable companies.
The major driver of Verizon’s (VZ) wireline segment is its Fios service. Verizon’s Fios is a fiber-optic network service that provides users with video, Internet, and voice services. Wall Street analysts expect Verizon to see a net loss of Fios video customers in the third quarter, as the company has continued to face stiff competition from over-the-top (or OTT) video streaming players.
Xfinity Mobile today announced it will offer iPhone XR, bringing the latest iPhone innovations to more people. Customers will be able to pre-order iPhone XR beginning October 19 at www.xfinitymobile.com and Xfinity Stores, and it will be available in all colors and data configurations online or in stores starting October 26. Through January 6, 2019, customers get $200 back when they purchase a new iPhone, activate a new line, and port their number to Xfinity Mobile.
The company has partnered with Red Pocket Mobile to sell wireless plans to people buying secondhand phones from the eBay marketplace. The eBay marketplace is a popular spot among consumers to browse for used phone deals. In the US, for example, a mobile phone is sold on eBay every four seconds.
In its Q3 earnings call, Netflix is predicting the future of television will be forged by Rupert Murdoch's "New Fox" live news and sports.
On October 15, Walt Disney (DIS) announced that it had offered concessions to the European Commission on October 12 to help resolve the European Union’s (EZU) antitrust concerns and accelerate the approval process of its $71.3 billion acquisition deal with 21st Century Fox (FOXA), according to Reuters. Disney initially made a bid of $52.4 billion to buy Fox’s media and entertainment assets in December 2017, but US cable company Comcast (CMCSA) intervened with its $65 billion offer to purchase these assets from Fox. The fight over the Fox assets came to an end in July after Comcast decided to withdraw from the bidding war for Fox assets and focus on buying a 61% stake in London-based Sky.
During the last few quarters, AT&T (T) has been experiencing subscriber losses in the traditional US pay-TV market. Wall Street analysts foresee a net loss of 270,000 traditional US pay-TV customers for AT&T in the third quarter, as the telecom company has faced intense competition from video streaming players.
AT&T’s (T) DIRECTV NOW is a video streaming service that delivers content directly to users over the Internet as an alternative to subscribing to traditional cable or satellite services. Wall Street analysts are confident about the robust growth in the DIRECTV NOW customer base from improved services as well as bundling the company’s wireless–video services. AT&T expects to gain 320,000 DIRECTV NOW subscribers in the third quarter.
Charter Communications (CHTR) created a new executive position for the head of marketing in charge of operations focused on residential and SMB (small and medium business) markets, thereby expanding its executive team. It hired Kelly Atkinson from Canada’s Rogers Communications (RCIAF) to fill the new position. The company is banking on Atkinson’s more than two decades of experience in marketing to sharpen its competitive edge as it battles wireless providers such as Verizon (VZ) for Internet customers and technology companies such as Netflix and Amazon for video customers.
In June, the Walt Disney Company (DIS) agreed to buy entertainment assets of Rupert Murdoch’s Twenty-First Century Fox (FOXA) for $71.3 billion. After the sale of a 39% stake in Sky to Comcast (CMCSA), Disney remains on track to purchase Fox’s film and TV studio assets, as well as FX, Fox Sports Regional Networks, Fox Networks Group, stakes in National Geographic Partners, Indian satellite TV group Star India, Hulu, and others.
Ten tech startups from around the world who are building innovative media, entertainment, and connectivity companies showcased their products and stories on Thursday at “Demo Day,” the finale of the inaugural Comcast NBCUniversal LIFT Labs Accelerator, powered by Techstars. A founder from each company took center stage at The Franklin Institute and pitched their business to hundreds of investors, mentors, Comcast NBCUniversal team members, and Philadelphia’s tech and startup community, while a global audience watched online via livestream.
DISH Network (DISH) has recently launched a Latino-targeted channel focused on delivering English-language instructions to Hispanic people in the United States who may want to learn English or improve their English proficiency.
Can Netflix Deliver in Q3 2018? Netflix (NFLX) expects its third-quarter US contribution margin to be 37.8%, which is higher than its US contribution margin of 35.8% in the third quarter of 2017. The growth in its contribution profit was triggered by the increase in domestic membership, which drives the contribution margin for the company.
The Walt Disney Company (DIS) is on track to reduce the overall cost of acquiring the majority of 21st Century Fox’s (FOX) operations. Fox and Disney have agreed to sell the 39% stake that Fox holds in British broadcaster Sky.
Can Netflix Deliver in Q3 2018? Netflix (NFLX) is slated to report its third-quarter earnings on October 16. Netflix expects its third-quarter EPS to reach $0.68, which is on par with analysts’ estimates.