BidaskClub upgraded shares of ARRIS International (NASDAQ:ARRS) from a strong sell rating to a sell rating in a report issued on Wednesday, December 27th.
ARRS has been the topic of several other reports. ValuEngine raised ARRIS International from a hold rating to a buy rating in a research note on Friday, December 1st. Raymond James Financial set a $36.00 target price on ARRIS International and gave the company a buy rating in a research report on Thursday, December 14th. Zacks Investment Research lowered ARRIS International from a buy rating to a hold rating in a research report on Wednesday, December 20th. TheStreet upgraded ARRIS International from a c+ rating to a b rating in a research report on Monday, October 9th. Finally, Morgan Stanley lowered ARRIS International from an overweight rating to an equal weight rating and set a $31.00 target price for the company. in a research report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. ARRIS International presently has an average rating of Hold and an average target price of $33.00.
Shares of ARRIS International (ARRS) opened at $25.49 on Wednesday. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $4,770.00, a PE ratio of 29.30, a price-to-earnings-growth ratio of 0.97 and a beta of 1.40. ARRIS International has a twelve month low of $24.75 and a twelve month high of $30.79.
ARRIS International (NASDAQ:ARRS) last issued its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.18. ARRIS International had a return on equity of 14.02% and a net margin of 2.51%. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the firm posted $0.77 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. equities research analysts predict that ARRIS International will post 2.32 EPS for the current year.
In other ARRIS International news, SVP Philip Charles Baldock sold 4,930 shares of the company’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $26.11, for a total transaction of $128,722.30. Following the completion of the sale, the senior vice president now owns 13,529 shares in the company, valued at $353,242.19. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Lawrence Robinson sold 4,167 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $30.00, for a total value of $125,010.00. Following the sale, the insider now owns 71,721 shares of the company’s stock, valued at approximately $2,151,630. The disclosure for this sale can be found here. Insiders sold 10,347 shares of company stock valued at $290,307 in the last quarter. 0.90% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. lifted its holdings in ARRIS International by 2.7% during the third quarter. Ameriprise Financial Inc. now owns 5,385,138 shares of the communications equipment provider’s stock worth $153,423,000 after buying an additional 140,548 shares during the period. Neuberger Berman Group LLC lifted its holdings in ARRIS International by 4.8% during the third quarter. Neuberger Berman Group LLC now owns 2,030,172 shares of the communications equipment provider’s stock worth $57,840,000 after buying an additional 92,445 shares during the period. New York State Common Retirement Fund lifted its holdings in ARRIS International by 0.6% during the third quarter. New York State Common Retirement Fund now owns 1,234,560 shares of the communications equipment provider’s stock worth $35,173,000 after buying an additional 7,610 shares during the period. Teachers Advisors LLC lifted its holdings in ARRIS International by 9.6% during the second quarter. Teachers Advisors LLC now owns 904,962 shares of the communications equipment provider’s stock worth $25,357,000 after buying an additional 79,439 shares during the period. Finally, Canada Pension Plan Investment Board lifted its holdings in ARRIS International by 33.0% during the third quarter. Canada Pension Plan Investment Board now owns 902,100 shares of the communications equipment provider’s stock worth $25,701,000 after buying an additional 224,000 shares during the period. Institutional investors own 86.51% of the company’s stock.
ARRIS International Company Profile
ARRIS International plc is a media entertainment and data communications solutions provider. The Company operates in two segments: Customer Premises Equipment (CPE), and Network & Cloud (N&C). The Company enables service providers, including cable, telephone, and digital broadcast satellite operators, and media programmers to deliver media, voice and Internet Protocol (IP) data services to their subscribers.
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