U.S. Markets closed

Comcast Unit Enhances Marketplace

Zacks Equity Research

Comcast Business, a unit of Comcast Corporation (CMCSA), has decided to incorporate the AnyMeeting software in its Upware cloud marketplace. The software offers web conferencing and webinar services to small business enterprises.

Both the companies will collaborate to deliver superior web conferencing services to small and medium business (SMB) clients which includes video conferencing in six different methods, VoIP audio conferencing, screen sharing, presentation sharing, recording and mobile access.

Research firm AMI-Partners believes that there is a growing demand for web conferencing services among SMB customers. Over the next three years, the firm expects North America to generate nearly $1.4 billion revenues annually from web conferencing, up from $560 million in 2012, growing at a CAGR of 26%.

Comcast’s cloud computing service is highly popular with 50% subscribers using its next-generation web-capable platform – “X1.” This platform offers a hybrid IP/QAM video gateway with an advanced user interface and the ability to port third-party apps that tie into a cloud-based infrastructure.  X1 service will be available nationwide by the end of 2013.

Comcast is gradually deploying its next-generation Xfinity TV, an on-demand, Web-based service for subscribers with access to both video programming and the Internet. The new Xfinity TV set-top box has an innovative system to quickly navigate between live and on-demand programming. A new user interface incorporates content from Facebook Inc. (FB), Internet Radio of Pandora Media Inc. (P), and news and weather applications.

Comcast also entered into an agreement with Microsoft Corp. (MSFT) to enable its subscribers to access Xfinity TV online content from the Microsoft Xbox. Xfinity TV currently covers 95% of the company’s footprint.

Currently, Comcast Corporation carries a Zacks Rank #3 (Hold).

Read the Full Research Report on CMCSA
Read the Full Research Report on FB
Read the Full Research Report on P
Read the Full Research Report on MSFT

Zacks Investment Research