Comcast opens new $5.9 million Florida headquarters in West Palm Beach

WEST PALM BEACH - Media giant Comcast (NASDAQ:CMCSA), currently generating $124.18 billion in annual revenue, opened its new Florida Region headquarters in West Palm Beach on Thursday, representing a $5.9 million investment in the local community. According to InvestingPro analysis, the company appears undervalued at current market prices, with strong financial health metrics supporting its expansion initiatives.

The 42,000-square-foot facility includes 34,000 square feet of renovated space designed to accommodate more than 200 employees across various departments including field technicians, customer service, human resources, finance, and marketing.

"We’re proud to double down on our commitment to West Palm Beach with this state-of-the-art facility," said Jeff Buzzelli, Regional Senior Vice President, Comcast Florida, in a press release statement.

The new headquarters features ergonomic working spaces, alternative meeting areas, and an outdoor patio. It also includes a technician drive-through, described as a first-of-its-kind feature in the region that allows technicians to reload equipment directly into their vehicles.

Comcast celebrated the opening with an event on August 13, which was declared "Comcast Day" by the City of West Palm Beach. Palm Beach County also designated August as "Comcast Month."

Following the grand opening, employees assembled 300 hygiene kits for Palm Beach County students through the non-profit organization Living Hungry.

Kelly Smallridge, President and CEO of the Business Development Board of Palm Beach County, called the investment "a powerful vote of confidence in Palm Beach County’s talent, infrastructure and future."

According to the company’s statement, Comcast has contributed more than $10 million in cash and in-kind donations to non-profits and community initiatives in Palm Beach County since 2010. The company’s strong community engagement is backed by solid financial performance, maintaining dividend payments for 18 consecutive years with a current yield of 4.01%.

In other recent news, Comcast has announced a $19 million investment to expand high-speed internet infrastructure in Bossier City, Louisiana, with the project expected to be completed by the end of 2026. This expansion includes various internet packages and a five-year price guarantee for customers. Additionally, Comcast Business has completed a network extension to bring high-speed internet and advanced technology solutions to the Block 59 development in Naperville, Illinois. This extension provides businesses in the area with access to internet speeds up to 100 Gigabits per second and various cloud services.

Rosenblatt has raised its price target for Comcast to $38 from $37, maintaining a Neutral rating on the stock. This adjustment follows Comcast’s second-quarter 2025 earnings report, with Rosenblatt citing slight increases in revenue, EBITDA, and adjusted EPS estimates for 2025. Furthermore, Comcast has declared a quarterly cash dividend of $0.33 per share, payable on October 22, 2025, to shareholders of record as of October 1, 2025. These recent developments highlight Comcast’s ongoing investments and financial adjustments.

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