[PR Newswire] – STORRS, Conn., April 10, 2014 /PRNewswire/ — The University of Connecticut, home to the nation’s foremost center on hardware security, and Comcast today announced the establishment of the Center of Excellence for Security Innovation (CSI) at UConn. The center unites the expertise of researchers within UConn’s existing Center for Hardware Assurance, Security and Engineering (CHASE) and Comcast’s leadership in Internet systems security to develop robust detection systems and analytical tools to ensure that the computer chips and other hardware components vital to Internet broadband systems are shielded from malicious attacks, unauthorized access, and faulty or counterfeit products. “This new Center of Excellence for Security Innovation further establishes UConn as a national leader in hardware security analysis and technology,” says Kazem Kazerounian, Dean of UConn’s School of Engineering.
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Comcast Corporation (CMCSA), valued at $126.86B, started the session at $49.88.
During today’s session, CMCSA traded between $48.39 to $49.96 with its 52-week range being $38.75 to $55.28.
CMCSA shares are currently priced at 17.41x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 45.96x earnings multiple for the same period.
And for passive income investors, the company pays shareholders $0.90 per share annually in dividends, yielding 1.80%.
According to a consensus of 23 analysts, the earnings estimate of $0.64 per share would be $0.13 better than the year-ago quarter and a $0.01 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.86 is a $0.39 better when compared to the previous year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $17.00 Billion. If realized, that would be a 11.04% increase over the year-ago quarter.
More recently, Pacific Crest upgraded CMCSA from Sector Perform to Outperform (Feb 24, 2014). Previously, Northland Capital Initiated CMCSA at to Outperform.
With the above information in mind, readers should note that the average price target is $60.02, which is 20.33% above where the stock opened this morning.
Summary (NASDAQ:CMCSA) : Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice services to residential and business customers under the XFINITY brand name. This segment also provides business services, such as cellular backhaul services to mobile network operators; Ethernet network services; and online advertising services. The Cable Networks segment operates national cable networks, which provide entertainment, news and information, and sports content; regional sports and news networks; international channels; and cable television production operations, as well as owns digital media properties. The Broadcast Television segment operates NBC and Telemundo broadcast networks, NBC and Telemundo owned local broadcast television stations, and broadcast television production operations, as well as owns digital media properties. The Filmed Entertainment segment produces, acquires, markets, and distributes live-action and animated filmed entertainment under the Universal Pictures, Focus Features, and Illumination names. This segment also develops, produces, and licenses stage plays, as well as owns digital media properties. The Theme Parks segment operates theme parks; studios; Island of adventures; and a dining, retail, and entertainment complex. Comcast Corporation was founded in 1963 and is headquartered in Philadelphia, Pennsylvania.
Tag Helper ~ Stock Code: CMCSA | Common Company name: Comcast | Full Company name: Comcast Corporation (NASDAQ:CMCSA) .