11 Most Profitable NASDAQ Stocks to Buy Now

3. Comcast Corporation (NASDAQ:CMCSA)

TTM Net Income as of June 13: $15.71 billion

Forward P/E Ratio as of June 13: 8.24

Number of Hedge Fund Holders: 81

Comcast Corporation (NASDAQ:CMCSA) is one of the 11 most profitable NASDAQ stocks to buy now. Earlier on May 28, Comcast announced the commencement of construction for its next-gen high-speed internet network across 7 counties in Indiana: Fayette, Rush, Delaware, Boone, Shelby, Morgan, and Miami. This multi-million dollar investment aims to connect over 10,000 residents and businesses in these areas and provide them with access to Comcast’s full suite of services.

The project is a joint investment in partnership with Indiana’s Next Level Connections Broadband Grant Program, which has allocated $350 million towards improving broadband access and adoption throughout the state. Over the past 3 years, Comcast has invested ~$600 million specifically in Indiana’s network infrastructure, which contributed to its broader national investment of over $80 billion in its fiber-rich network across the country over the last decade.

The company already has an impressive technological footprint in Indiana, with an existing 49,000 miles of fiber-rich network infrastructure and over 65,500 WiFi hotspots statewide. Since its launch in 2011, Comcast’s Internet Essentials program, which offers low-cost, high-speed internet and affordable computers to eligible households, has also helped more than 772,000 Indiana residents connect to the internet.

Comcast Corporation (NASDAQ:CMCSA) is a media and technology company that operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments.