Report: Comcast Corporation (CMCSA) Planning New Platform for Cord Cutters

NASDAQ: CMCSA | Comcast Corporation - Class A Common Stock News, Ratings, and Charts

CMCSA – The cable giant is said to be developing a new device for broadband-only customers.

Comcast Corporation (NASDAQ:CMCSA) is reportedly developing a new device which it hopes will help to offset the wave of cord cutters fleeing traditional cable television packages. 

CNBC has the scoop.

Comcast plans to roll out a new product for broadband-only subscribers that will allow customers to aggregate certain streaming apps, including Netflix, Amazon Prime and YouTube, with a voice-activated remote — a response to the ongoing challenge of navigating video between a variety of sources, according to people familiar with the matter.

Sources indicate that the device will be ready for next year. It’s reportedly a set-top box similar to the cable company’s current offering with the X1 platform.

Comcast Corporation shares were unchanged in premarket trading Thursday. Year-to-date, CMCSA has declined -2.36%, versus a 6.68% rise in the benchmark S&P 500 index during the same period.

CMCSA currently has a POWR Rating of B (Buy), and is ranked #2 of 14 stocks in the Entertainment – TV & Internet Providers category.

CMCSA at a Glance

CMCSA Current POWR Rating™
Overall POWR Rating™
CMCSA Current Price $40.47 1.50%
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CMCSA Price Reaction

The day of this event (Nov. 8, 2018)
CMCSA Closing Price$38.09 0.00%
CMCSA Volume14,406,788
44.28% from avg
Leading up to this event
CMCSA 1-mo return8.87%
After this event
CMCSA 1-day return0.10%
CMCSA 3-day return1.54%
CMCSA 5-day return0.49%

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