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CBS

CBS

$56.69

0.84 (1.50%)

16:07
02/15/18
02/15
16:07
02/15/18
16:07

CBS CEO says Q4 results 'outstanding'

"I'm very pleased to report that CBS turned in outstanding fourth-quarter results, including double-digit revenue growth and our 32nd consecutive quarter of EPS growth, capping off a very strong year in 2017," said Leslie Moonves, Chairman and CEO, CBS Corporation. "The CBS Corporation produces many of the most-valuable programming franchises in the world, reaching more viewers than anyone else. This gives us a tremendous advantage as streaming becomes more central to our distribution strategy. As a result, we now have nearly five million subscribers at CBS All Access and Showtime OTT combined. When you add this to our retrans and skinny bundle subscribers, our total subscriber base continues to grow at an accelerated pace. With the backdrop of this changing business model, and the completed separation of our radio business during the fourth quarter, we now have even greater visibility into our operations. Specifically, we expect 2018 to be another strong year for the CBS Corporation, with revenue growth in the high-single digits and EPS growth in the high teens from the record $4.40 we're reporting to you today. So we feel very good about the growth path before us, and we continue to have great confidence in our ability to deliver for our shareholders."

  • 15

    Feb

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    Feb

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    Feb

  • 05

    Mar

CBS CBS
$56.69

0.84 (1.50%)

01/30/18
DBAB
01/30/18
NO CHANGE
Target $90
DBAB
Buy
Standalone or merger, Deutsche sees CBS shares going higher
Deutsche Bank analyst Bryan Kraft laid out his analysis for CBS (CBS) shares under different merger scenarios. The analyst values the stock at $90 in 12 months should CBS remain independent. In a merger with Viacom (VIAB), the analyst's pro forma 12-month valuation has the stock also worth $90. Kraft also analyzed a three-way merger transaction which combines CBS, Viacom and Lionsgate (LGF.A). Under this scenario, the analyst values CBS shares at $96 on a 12-month basis. Kraft has a Buy rating on CBS with a $90 price target.
02/09/18
RBCM
02/09/18
UPGRADE
Target $35
RBCM
Sector Perform
Viacom upgraded to Sector Perform at RBC on increasing likelihood of CBS deal
As reported earlier, RBC Capital analyst Steven Cahall upgraded Viacom (VIAB) to Sector Perform and raised his price target to $35 from $23, saying the combination with CBS (CBS) is increasingly likely. Cahall says he has been negative on Viacom for about two years based on the view of its networks being more at risk than peers from a "deteriorating ecosystem". Now that the merger with CBS is back on "likely in the coming months", the analyst contends, the transaction multiples near market prices would justify a more constructive view.
02/12/18
BMOC
02/12/18
NO CHANGE
Target $34
BMOC
Market Perform
Viacom price target raised to $34 from $27 at BMO Capital
BMO Capital analyst Daniel Salmon raised his price target on Viacom (VIAB) to $34, saying he remains "impressed" by the management's turnaround at the company, as seen in its better affiliate fee outlook, upcoming "direct to consumer" product launch, acquisitions of Vidcon and WHOSAY, and stronger international growth. The analyst also keeps his Market Perform rating, citing limited visibility around a potential CBS (CBS) deal as well as the company's asset mix remaining challenging.
02/12/18
BRRR
02/12/18
NO CHANGE
BRRR
Potential reunion with CBS looms over Viacom fundamentals, says Barrington
Barrington analyst James Goss noted that Viacom (VIAB), which reported Q1 earnings last Thursday, beat the firm's EPS estimate, but fell 4% short of its revenue estimate, mainly due to a larger-than-expected decline in the revenue rate for Paramount. Godd reiterated a Market Perform rating on Viacom, saying that while the company's strategy will push it in a favorable direction, in the near term the primary catalyst appears to be the chance to recombine with CBS (CBS).

TODAY'S FREE FLY STORIES

XBI

SPDR S&P BIOTECH

$76.51

-0.27 (-0.35%)

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PTI

Proteostasis

$5.33

0.52 (10.81%)

, RHHBY

Roche

$0.00

(0.00%)

10:29
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PTI

Proteostasis

$5.33

0.52 (10.81%)

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  • 24

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HYRE

HyreCar

$2.25

0.1 (4.65%)

10:28
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FSLR

First Solar

$43.05

-0.61 (-1.40%)

10:27
12/17/18
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10:27
Upgrade
First Solar rating change  »

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  • 17

    Dec

NIO

NIO Inc.

$7.18

-0.49 (-6.39%)

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10:25
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Fed funds futures are fractionally higher »

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CSCO

Cisco

$45.13

-0.67 (-1.46%)

10:25
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UBS to host a conference call with Cisco »

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  • 17

    Dec

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    Jan

  • 04

    Mar

ABCB

Ameris Bancorp

$32.24

-1.78 (-5.23%)

, LION

Fidelity Southern

$25.69

4.33 (20.27%)

10:25
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Conference/Events
Ameris Bancorp to host conference call »

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ABCB

Ameris Bancorp

$32.24

-1.78 (-5.23%)

LION

Fidelity Southern

$25.69

4.33 (20.27%)

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  • 17

    Dec

10:25
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12/17
10:25
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10:25
Conference/Events
UBS retail/hardlines analyst to hold an analyst/industry conference call »

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JNJ

Johnson & Johnson

$130.12

-2.74 (-2.06%)

10:20
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Options
$5 slide spikes Johnson and Johnson option volume »

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  • 05

    Jan

10:20
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
12/17/18
12/17
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10:17
Technical Analysis
NASDAQ market internals summary »

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BIIB

Biogen

$314.93

0.3 (0.10%)

, ALKS

Alkermes

$33.30

0.52 (1.59%)

10:16
12/17/18
12/17
10:16
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10:16
Recommendations
Biogen, Alkermes analyst commentary  »

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BIIB

Biogen

$314.93

0.3 (0.10%)

ALKS

Alkermes

$33.30

0.52 (1.59%)

03/08/13
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  • 31

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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Technical Analysis
NYSE market internals summary »

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10:15
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General news
Oil Action: NYMEX crude »

Oil Action: NYMEX crude…

FII

Federated Investors

$24.92

0.27 (1.10%)

, TLC

Taiwan Liposome

$6.01

(0.00%)

10:13
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Fly Intel: Top five analyst initiations »

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FII

Federated Investors

$24.92

0.27 (1.10%)

TLC

Taiwan Liposome

$6.01

(0.00%)

TRUE

TrueCar

$9.54

-0.26 (-2.65%)

SKX

Skechers

$22.84

-0.06 (-0.26%)

ZION

Zions Bancorp

$41.64

0.1 (0.24%)

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BBY

Best Buy

$53.65

-1.72 (-3.11%)

, ITW

Illinois Tool Works

$128.94

-2.08 (-1.59%)

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BBY

Best Buy

$53.65

-1.72 (-3.11%)

ITW

Illinois Tool Works

$128.94

-2.08 (-1.59%)

CPK

Chesapeake Utilities

$92.02

-0.98 (-1.05%)

MSEX

Middlesex Water

$57.23

-1.41 (-2.40%)

ELY

Callaway Golf

$15.85

-0.79 (-4.75%)

CNC

Centene

$118.64

-8.91 (-6.99%)

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  • 05

    Feb

SWK

Stanley Black & Decker

$119.09

0.73 (0.62%)

, CLXT

Calyxt

$9.70

-0.18 (-1.82%)

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SWK

Stanley Black & Decker

$119.09

0.73 (0.62%)

CLXT

Calyxt

$9.70

-0.18 (-1.82%)

SMG

Scotts Miracle-Gro

$64.23

0.73 (1.15%)

LULU

Lululemon

$118.08

-1.05 (-0.88%)

BKS

Barnes & Noble

$6.52

0.03 (0.46%)

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  • 14

    Jan

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VXX

iPath S&P 500 VIX Short-Term Futures

$41.29

0.76 (1.88%)

10:10
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Options
Bearish spread opened in iPath S&P 500 VIX Short Term Futures ETN »

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10:10
12/17/18
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General news
U.S. NAHB housing market index fell 4 points to 56 in December »

U.S. NAHB housing market…

CBPO

China Biologic

$71.38

-0.56 (-0.78%)

10:09
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David Gao 'disappointed' over dismissal of lawsuit against China Biologic »

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MSG

Madison Square Garden

$261.94

0.48 (0.18%)

10:08
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Periodicals
Dolan says would consider selling Knicks for 'bona fide' offer, ESPN reports »

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DOVA

Dova Pharmaceuticals

$11.35

-3.46 (-23.36%)

10:08
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Breaking Hot Stocks news story on Dova Pharmaceuticals »

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  • 30

    Jun

CAR

Avis Budget

$24.75

-0.26 (-1.04%)

, IDSY

I.D. Systems

$5.29

(0.00%)

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Avis Budget to connect additional 75,000 cars though I.D. Systems devices »

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CAR

Avis Budget

$24.75

-0.26 (-1.04%)

IDSY

I.D. Systems

$5.29

(0.00%)

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LNC

Lincoln National

$52.68

-0.86 (-1.61%)

10:04
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Lincoln Financial Group announces eMoney, Redtail integrations »

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