Comcast (CMCSA - Free Report) recently launched a digital security service, Xfinity xFi Advanced Security, across the United States. The service, powered by artificial intelligence (AI) and machine learning technology, will provide protection to users’ connected devices that are attached to their home Wireless Fidelity (WiFi).
The xFi Advanced Security, when attached to the Xfinity Advanced Gateway, will monitor and block any threats to customers’ connected devices. Additionally, the service will inform users of the blocked threats and provide guidelines to secure the affected devices.
Moreover, users can check all the security-related actions taken in a day from the xFi dashboard.
The move by the company comes at an opportune time, as attacks against Internet-of-Things (IOT) devices continues to jump massively With a user expected to have more than 13 connected devices by 2022, per Cisco (CSCO - Free Report) , Comcast believes that its demand for security solutions will rise.
Internet Solutions & Services to Aid Cable Revenues
Comcast’s high-speed Internet customers and Internet revenues are expected to increase owing to the security solution along with its Xfinity xFi platform, a customized WiFi experience.
Notably, total high-speed Internet customer net additions were 363K in third-quarter 2018. Additionally, high-speed Internet revenues increased 9.6% year over year to $4.32 billion.
Further, Comcast has extensively deployed DOCSIS 3.1 network, with its latest xFi Advanced Gateway, in several markets in the United States.
We believe upgrading to DOCSIS 3.1 will enable Comcast to compete against AT&T’s (T - Free Report) ongoing Fiber-to-the-Home (FTTH) program. Also, all these initiatives are expected to aid Comcast’s Cable Communications (62.3% of total revenues) revenues, which is a positive.
Comcast Corporation Revenue (TTM)