Comcast (NASDAQ:CMCSA) early Tuesday after KeyBanc upgraded the telecom giant to overweight.
“We are above [consensus] on Cable EBITDA on strong ARPUs and operating efficiency drives our adj. EBITDA margins higher,” KeyBanc said.
The Corporation’s business arm last week announced the expansion of its global SD-WAN portfolio with the addition of two new solutions tailored for businesses with standalone locations. The SD-WAN solutions enable small and medium businesses, with either a single location or multiple standalone locations, to help securely connect and manage their network, applications, and users. These businesses rely on Software-as-a-Service (SaaS) applications and cloud services to operate, making secure networking a critical requirement. Comcast Business’ full range of global secure networking solutions provide connectivity, security, application optimization and control, as well as threat monitoring and response for single and multi-site customers.
In today’s digital economy, companies of all sizes need to provide their users fast, reliable, and secure connectivity to applications everywhere.
This includes delivering high-quality, consistent, and predictable quality of experience for critical applications residing in the Cloud or SaaS and accessed via the public Internet. With the addition of these tailored SD-WAN solutions, Comcast Business can bring the benefits of secure networking to standalone and multi-site businesses around the world.
The firm’s price target implies upside of 16% for Comcast. The media company’s shares have jumped 7.8% year to date. They vaulted 79 cents, or 2.1%, soon after Tuesday’s opening bell to $37.62.
