Viacom Stock News

ViacomCBS is done disappointing Stephen Guilfoyle as he is going to try to trade his way out of the entertainment giant as he is out of patience with the soon-to-be Paramount Global….VIAC

Although ViacomCBS Inc (NASDAQ: VIAC ) remains an attractive target amid industry consolidation, a sale of the company is unlikely in the near term given its streaming aspirations, according to BofA Securities. The ViacomCBS Analyst: Jessica Reif Ehrlich downgraded ViacomCBS from Buy to Neutral and lowered the price target from $53 to $39. The ViacomCBS Thesis: The company is facing near- … Full story available on Benzinga.com

ViacomCBS is no more, and will now be known as Paramount. Investors may be nonplussed by the move, which in some ways puts the entire company''s future on the present-day push for the Paramount+ OTT platform and a movie studio that in the not-so-distant past has seen its fair share of financial struggles.

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. (Wednesday Market Open) Tuesday’s relief rally is struggling to find legs on Wednesday morning despite a couple of positive earnings announcements and a positive retail sales report. The commodity market is finding new stars in technology-related metals and materials. Rising commodities and inflation are a boost for inflationary sectors, but consumers are feeling it in their pocketbooks. Consumers are also moving away from online shopping. Despite beating on earnings and revenue estimates, Shopify (NYSE: SHOP) was falling 5.57% in premarket trading. The e-commerce and fintech company cautioned investors about revenue headwinds in the first half of 2022 because shoppers are preferring to hit brick and mortar stores versus online as the economy reopens from the pandemic. Food producer Kraft Heinz (NASDAQ: KHC ) is also up in premarket trading by 1.50%.

Within the last quarter, ViacomCBS (NASDAQ: VIAC ) has observed the following analyst ratings: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 3 0 0 Last 30D 0 0 2 0 0 1M Ago 1 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 0 0 1 0 0 According to 5 analyst offering 12-month price targets in the last 3 months, ViacomCBS has an average price target of $38.8 with a high of $45.00 and a low of $32.00. Below is a summary of how these 5 analysts rated ViacomCBS over the past 3 months. The greater the number of bullish ratings, the more positive analysts are … Full story available on Benzinga.com

Mass media and entertainment conglomerate, ViacomCBS is bringing together its vast portfolio under a new parent company even as it rebrands to Paramount Global. The global media company has also disclosed plans to accelerate the global momentum behind Paramount+, unveiling new content, enhanced product offerings, and continued international expansion. Commenting on the strategic rebrand, Bob […] The post ViacomCBS rebrands as Paramount, reveals international expansion plans appeared first on Marketing Edge Magazine .

Here are Wednesday''s premarket leaders and laggards.

The company failed to disclose bottom line results for its streaming business, leading analysts to conclude the divisions are still losing money.

The new Paramount name will help reflect brands including Paramount Pictures, Showtime, Paramount Television Studios and Paramount Network. The post ViacomCBS changes name to Paramount, unveils global expansion plans appeared first on BroadcastPro ME .

Roblox’s quarterly results came in below forecasts; Earnings are due from Nvidia after the close.

https://www.investing.com/news/stock-market-news/viacomcbs-slips-on-earnings-bet-on-cashguzzling-streaming-business-2765148

ViacomCBS shares tumbled Wednesday after the network and streaming media group posted weaker-than-expected fourth quarter earnings and unveiled plans to change its name to Paramount.

Stock futures edge lower as rate focus overtakes Russia-Ukraine concern; Car market set to boost January retail sales amid inflation headwind; ViacomCBS shares tumble after Q4 earnings miss, Paramount name change; Nvidia Q4 earnings in focus following Arm deal collapse and Airbnb shares jump as travel, hybrid work boost lifts Q4 earnings

The switch to Paramount, effective on Wednesday, was announced as the company made a presentation to drum up excitement among investors about its future strategy and programming