Stocks
Investors Weigh In on Broadcom, Arista Networks, and Cisco
CNBC's 'Final Trades' segment featured several notable picks from prominent investors. Rob Sechan, CEO of NewEdge Wealth, chose Broadcom Inc. (NASDAQ:AVGO) as his final trade.
Broadcom reported better-than-expected third-quarter fiscal 2026 results on September 2, with revenue of $29.59 billion beating analyst estimates of $29.36 billion. The company also posted adjusted earnings of $3.32 per share for the quarter, exceeding expectations of $3.24 per share.
Other investors selected Arista Networks (NYSE:ANET) and Cisco Systems (NASDAQ:CSCO). Deutsche Bank analyst Gianmarco Conti initiated coverage on both companies with Buy ratings and price targets of $220 for Arista and $135 for Cisco.