Apple’s (AAPL) “HomeKit” has been slow to gain traction in the home security market, but AT&T (T) and Comcast (CMCSA) are making inroads vs. incumbent ADT (ADT), says a Citigroup report. Apple launched HomeKit inn 2014. So far, there are only 15 HomeKit-enabled accessories from five manufacturers posted on Apple’s site, though “many more” are expected in coming months, said Citigroup analyst Jason Bazinet in the report. He upgraded ADT stock,
The Peacock is turning into a Mouse, judging by Comcast’s stellar Q2 results at its NBCUniversal’s film division and theme parks. Cable TV leader Comcast (CMCSA) — which audaciously tried to buy Walt Disney (DIS) in 2004 and was rebuffed, only to acquire NBCU from General Electric (GE) in 2011 — saw its diversification strategy pay off in its June-quarter results. Comcast revenue rose 11.3%, topping analyst views, as NBCUniversal sales popped 20%
Comcast (CMCSA) shareholders anxious to hear about 2016 stock buybacks will wait as customary until the cable TV and media company releases Q4 earnings in January, says its new chief financial officer, who plans to keep investing in NBCUniversal and its cable systems to spur revenue growth. “It’s always been this (Comcast) team and my personal view that highest priority is to make sure we are giving our businesses all the capital they need to win