Stock Analysis for Paramount Global CBSUS
Company Overview
Paramount Global (NASDAQ: PARA), formerly known as CBS Corporation and later ViacomCBS, is an American diversified multinational mass media and entertainment conglomerate headquartered in New York City.
The company operates a portfolio of businesses in the entertainment, news, and sports sectors, including CBS Television Network, Nickelodeon, MTV, Paramount Pictures, and Showtime, among others. CBSUS is a publicly traded company listed on the NASDAQ stock exchange.
Stock Analysis
Stock Price
As of July 12, 2023, the stock price of PARA is $20.11 per share, with a market capitalization of approximately $15.3 billion.
Stock Chart
The 1-year stock chart of PARA shows a fluctuating trend, with the stock price reaching a high of $22.66 in January 2023 and a low of $18.37 in June 2023.
Company News
Recent company news includes the announcement of a new streaming service, Paramount+, which will consolidate the company's various streaming platforms and offer a wide range of content.
Additionally, Paramount Global has been expanding its international presence through acquisitions and partnerships, such as the recent acquisition of Miramax.
Key Statistics
- Revenue: $8.04 billion (Q1 2023)
- Net income: $789 million (Q1 2023)
- Earnings per share: $0.85 (Q1 2023)
- Dividend yield: 3.0%
Fundamentals
Paramount Global's fundamentals are generally strong, with a solid financial position and a diverse portfolio of assets.
The company has a strong track record of generating revenue and profits, and its recent investments in streaming and international expansion are expected to drive future growth.
Conclusion
Paramount Global CBSUS is a diversified mass media and entertainment conglomerate with a strong portfolio of assets and a solid financial position.
The company is well-positioned to benefit from the growing demand for streaming content and its international expansion strategy.
Investors who are interested in exposure to the media and entertainment sectors may consider adding PARA to their portfolios.
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