Bullish Outlook for Arista Networks; Campbell Soup's Q4 Profit Meets, Sales Surpass
- August 31st, 2023
- 417 views
Arista Networks, Inc. (NYSE: ANET), a key player in cloud networking solutions, was upgraded from Neutral to Buy by Citigroup, along with an increase in the price target from $177 to $220.
With $ANET closing at $187.10 on Wednesday, this updated price target suggests a potential upside of $32.90 or roughly 17.59%, based on the investment firm's analysis.
In other news, Campbell Soup Company (NYSE: CPB), a well-known food manufacturer, reported fourth-quarter fiscal 2023 adjusted earnings of $0.50 per share, in line with the consensus EPS estimate of $0.50. The company's quarterly sales reached $2.07 billion, slightly above analysts' projected revenue of $2.06 billion.
Campbell expects its full-year fiscal 2024 adjusted EPS to fall within the range of $3.09 to $3.15, compared to the consensus EPS estimate of $3.00.
$CPB is trading at $42.38 in pre-market, up $0.42 (+0.99%).
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