Comcast

At the Goldman Sachs conference Comcast announced plans to divide into a connectivity and technology company (Comcast) and a content and experiences company (NBCUniversal and Sky) to enable more focused strategies and stronger balance sheets for both units. CFO Jason Armstrong stressed that near-term investments in network modernization, wireless and the customer experience will weigh on 2026 results, but will create long-term opportunities in broadband, wireless, business services, Peacock and theme parks. The company sees intensified competition from fiber, fixed wireless and satellites, but believes there is room to expand its coaxial network and significant mobile growth potential given only 7% penetration in its service area. » Plus sur de.investing.com

Comcast shares fell about 7% after comments from CFO Jason Armstrong, who said at the Goldman Sachs conference that price competition in fiber broadband is "irrational" and does not expect subscriber losses to improve in the third quarter. Despite subscriber pressure, Comcast forecasts a moderate improvement in EBITDA performance in Q3. KeyBanc warns of further downside risks and estimates the net loss for the quarter to be significantly higher than consensus, noting competitors are offering gigabit packages for $30–40. » Plus sur de.investing.com

Greenlight Capital disclosed a new position in Comcast (CMCSA), entering around $23.91 per share and arguing the stock traded at roughly 5x EBITDA and materially undervalues its free cash flow and business mix. The firm highlighted Comcast's recent spin-off of NBCUniversal as a catalyst to surface embedded value and noted the shares had declined about 60% over five years despite diversified broadband, video, wireless and media assets. Greenlight expects recovery if inflation moderates and rates hold, while noting broader market speculation weighed on its quarterly results. » Plus sur finance.yahoo.com