Comcast Corporation (NASDAQ:CMCSA) Investing $20M In A Major Expansion Of Its Fiber-Based Network In Downtown Pittsburgh- Alphabet (GOOG)

Comcast Corporation (NASDAQ:CMCSA) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 0.59% to close at $37.44 with the total traded volume of 13.18 Million shares. Comcast Business reported it is investing $20 million in a major expansion of its fiber-based network in downtown Pittsburgh, reaching more than 425 additional businesses directly and benefiting hundreds more by making the network more accessible. Capable of delivering up to 100 Gigabits-per-second (Gbps) of network capacity, the fiber optic Ethernet network expansion will support advanced services and give Comcast the ability to give new consumers, ranging from small and medium-sized organizations to large enterprises, quick access to its network.

While the Comcast Business fiber network already serves many of Pittsburgh’s largest companies and hundreds of businesses, this concentrated expansion will deploy more than 64 miles of new fiber optic cable and encompass the entire Golden Triangle. Important work began about one year ago to provide high-performance Ethernet, Internet and advanced voice solutions to businesses and organizations throughout this downtown area, and additional work will be completed by 4Q 2018. The firm has institutional ownership of 85.80%, while insider ownership included 0.10%. Its price to sales ratio ended at 2.23. CMCSA attains analyst recommendation of 1.80 with week’s performance of -0.24%.

Alphabet Inc. (NASDAQ:GOOG) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -0.16% to $827.78. US-based edu-tech company Coursera on Monday reported a collaboration with Google to offer ‘Google Cloud Training’ courses on its platform. Developed and taught by Google experts, these courses will be accessible on-demand for any current or aspiring IT professionals and data engineers.

Commenting on this new association, Leah Belsky, Vice President of Global Enterprise Development at Coursera said: “Our mission is to enable anyone, anywhere to transform their life through access to the world’s best learning experience.

A big part of that is about providing job-specific training in the hottest new fields. Cloud computing is one of the most in-demand career paths , and we’re honored to collaborate with Google to offer the latest cloud courses online, making it easier for developers and IT professionals around the world to master Google Cloud Platform Services.” Coursera will launch the first course in the data engineering on Google Cloud specialisation titled ‘Big Data and Machine Learning’ this week. The share price of GOOG attracts active investors, as stock price of week volatility recorded 0.83%. The stock is going forward to its 52-week low with 24.80% and lagging behind from its 52-week high price with -1.68%.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

Leave a Reply

Your email address will not be published. Required fields are marked *