Bullish Outlook for Arista Networks; Campbell Soup's Q4 Profit Meets, Sales Surpass
- August 31st, 2023
- 434 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%).
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
NJCP Football League Provides Development and Opportunity for Athletes Pursuing the Next Level
March 20th, 2026March 19th, 2026How High School Graduates Can Kickstart Their Football Career
March 18th, 2026
Member Login