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☆ Here are Friday's biggest analyst calls: Roblox, WeWork, Krispy Kreme, Boeing, Coinbase & more
▼ + stars: | 2022-11-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: Bank of America reiterates Roblox as buy Bank of America said it's standing by shares of the stock heading into earnings next week. JPMorgan downgrades Funko to neutral from overweight JPMorgan downgraded the pop culture toy company, noting it sees too much uncertainty. " Piper Sandler downgrades Atlassian to neutral from overweight Piper said it sees a slowdown in subscription billings for the software developer. " Bank of America reiterates Krispy Kreme as buy Bank of America said "brand health is strong but FX, UK, promos weigh," heading into Krispy Kreme earnings Nov. 15. Jefferies reiterates Topgolf Callaway Brands as buy Jefferies said it sees 200% upside in shares of the golf company. "

☆ Altice USA stock sinks after tough third quarter earnings
▼ + stars: | 2022-11-03 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Altice USA 's shares dropped more than 20% and trading in the stock was briefly halted Thursday, after the company posted a weak earnings report. Altice's net income for the third quarter fell to $85 million from about $267 million compared to the same period last year. Cable providers saw big gains in broadband subscribers during the early days of the pandemic, when lockdowns forced many to work and take classes from home. Altice said it lost 43,000 broadband customers during the quarter, as well as 82,000 cable-TV subscribers. On top of this, Altice has been spending heftily to deploy a fiber network for its broadband customers.

☆ Outgoing Charter CEO Tom Rutledge says in an exclusive CNBC interview that there's 'pain to come' as linear TV gives way to streaming
▼ + stars: | 2022-11-03 | by ( Alex Sherman | ) www.cnbc.com time to read: +33 min

The biggest cable company in the industry at that time had about a million customers. And the second question is, very much related to that, for years now, the bull investor thesis has been broadband growth. So does that mean that broadband growth is no longer the big growth story it once was? No, I think there's plenty of broadband growth to get for us and there's continued broadband adoption to get for the whole industry. And I think there's some value in scale which can translate into consumer value as well.

☆ Comcast tops expectations as it squeezes out a small gain in broadband subscribers
▼ + stars: | 2022-10-27 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Comcast on Thursday reported third-quarter earnings that beat analyst estimates, despite seeing revenue slightly decline and continued softness in broadband customer growth. Still, it's a sign that cable broadband providers are facing increased competition from telecom and wireless internet companies. Meanwhile, Comcast's cable unit, which includes pay-TV, mobile and traditional phone services in addition to broadband, saw revenue increase 2.6% to $16.5 billion. The company said broadband revenue jumped 5.7% due to an increase in average rates and the number of its residential broadband customers. Peacock, the company's fledgling streaming service, surpassed 15 million paying customers, an increase of more than 70% year-to-date, the company Thursday.

☆ Citi upgrades Comcast to buy, says investors should take another look at cable companies
▼ + stars: | 2022-10-13 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

It's time to take another look at Comcast , according to Citi. Analyst Michael Rollins upgraded shares of Comcast to buy from neutral, saying that cable companies broadly have some advantages despite the challenges they face. "However, we also see an increasing likelihood that the cable firms promptly respond to stabilize or improve value for shareholders," Rollins added. Cable companies have broadly come under pressure this year as investors question whether they can continue to grow subscriptions next year while competing with streaming. The analyst also upgraded cable companies Altice USA to buy, and maintained Charter at neutral.

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