11 Cheap NASDAQ Stocks to Buy According to Hedge Funds

6. Comcast Corp. (NASDAQ:CMCSA)

Forward P/E Ratio as of April 21: 8.02

Number of Hedge Fund Holders: 80

Comcast Corp. (NASDAQ:CMCSA) is a media and technology company that operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. It also operates international television networks that comprise the Sky Sports networks, as well as other digital properties.

In 2024, despite facing intense competition from overbuilding, fixed wireless expansion, and the end of the ACP program, Comcast’s Residential Connectivity business demonstrated resilience. Specifically, broadband revenue grew by 3% year-over-year. Convergence revenue, which is defined as domestic broadband and wireless revenue combined, also saw a growth of ~5%.

Comcast Corp. (NASDAQ:CMCSA) is investing heavily in its broadband network upgrade, which is known as Project Genesis, to ultimately deliver multi-gigabit symmetrical speeds across its entire footprint and integrate AI throughout the network. By the end of 2025, ~70% of its network is expected to be fully virtualized (over 50% is already virtualized).