Comcast’s ( CMCSA Quick Quote CMCSA - Free Report) Xfinity has introduced two new do-it-yourself (DIY) security offerings: the Xfinity Door and Window Sensor and the Xfinity Motion Sensor. These products cater to customers seeking user-friendly DIY solutions for home monitoring. The installation, activation and WiFi connectivity of these new sensors are quick and straightforward, seamlessly integrating into Xfinity's broad array of home monitoring devices, such as Indoor and Outdoor Cameras, Video Doorbell and Smart Thermostat. These latest sensors provide customers with the flexibility to personalize their experience using the Xfinity app. Within the app, users can effortlessly add and pair the desired number of sensors, manage the activation and deactivation of monitoring, and establish specific rules for receiving real-time alerts triggered by motion detection. Notably, the motion sensors possess the capability to distinguish between human and pet movements, ensuring that false alarms are not triggered by animals. These sensors complement Xfinity's Self Protection product, enabling customers to utilize sensors, cameras and other smart home technologies for remote monitoring and securing their homes from any location, all for just $10 per month. This is expected to aid top-line growth in the upcoming quarters. The Zacks Consensus Estimate for the company’s 2023 revenues is pegged at $120.71 billion, indicating a 0.59% year-over-year decline. The consensus mark for earnings is pegged at $3.93 per share, indicating year-over-year growth of 7.97%. Shares of CMCSA, which currently carries a Zacks Rank #2 (Buy), have returned 21.8% year to date compared with the Zacks Consumer Discretionary sector’s rise of 10.8% because it has consistently catered to the changing needs of customers. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Xfinity Faces Tough Competition in the Home Security Market
The rising crime rate has pushed the demand for home security products. Homeowners are looking for a way to be protected from these crimes in a cheaper way. DIY home security solutions offer a flexible option to them.
Xfinity faces tough competition from established players like ADT ( ADT Quick Quote ADT - Free Report) , NRG Energy’s ( NRG Quick Quote NRG - Free Report) Vivint and Amazon’s ( AMZN Quick Quote AMZN - Free Report) Ring. ADT, a prominent player in North America, offers a comprehensive range of features, including self and professional monitoring, an accessible app and the added assurance of a money-back guarantee. With ADT, the customers have the flexibility to install the system themselves or opt for professional installation. It is important to note that several ADT options may involve a contractual commitment. Vivint, recognized for its quality equipment, allows homeowners to choose between self-monitoring and professional livestream monitoring. Their customized systems include outdoor cameras, doorbell cameras, smart locks and sensors. No contract is required if the security equipment is paid for upfront, with a starting monthly monitoring fee. Ring provides a cost-effective and semi-DIY home security option. Subscribing to Ring Protect offers choices for professional monitoring or mobile notifications. Notably, Ring stands out for its contract-free approach, though privacy concerns stemming from past incidents have been addressed through updated policies, fostering renewed trust among many users. Xfinity Home by Comcast is one of the highest-rated and professionally installed home security systems. This is attributed to its budget-friendly service and the ability to seamlessly integrate with numerous third-party smart home devices, ranging from smart locks to smart thermostats