BidaskClub Upgrades ARRIS International (ARRS) to “Sell”

BidaskClub upgraded shares of ARRIS International (NASDAQ:ARRS) from a strong sell rating to a sell rating in a report released on Wednesday, December 27th.

ARRS has been the topic of a number of other reports. ValuEngine downgraded ARRIS International from a buy rating to a hold rating in a research note on Wednesday, September 6th. Jefferies Group set a $38.00 price target on ARRIS International and gave the stock a buy rating in a research note on Wednesday, October 4th. Zacks Investment Research raised ARRIS International from a hold rating to a buy rating and set a $32.00 price objective for the company in a research note on Tuesday, November 7th. TheStreet raised ARRIS International from a c+ rating to a b rating in a research note on Monday, October 9th. Finally, Northland Securities set a $25.00 target price on ARRIS International and gave the company a hold rating in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $33.00.

Shares of ARRIS International (NASDAQ ARRS) opened at $25.49 on Wednesday. ARRIS International has a 52-week low of $24.75 and a 52-week high of $30.79. The firm has a market capitalization of $4,770.00, a price-to-earnings ratio of 29.30, a P/E/G ratio of 0.99 and a beta of 1.40. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.65.

ARRIS International (NASDAQ:ARRS) last released its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.18. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.77 billion. ARRIS International had a return on equity of 14.02% and a net margin of 2.51%. The business’s revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.77 EPS. analysts forecast that ARRIS International will post 2.32 earnings per share for the current fiscal year.

In other news, insider Lawrence Robinson sold 4,167 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $30.00, for a total transaction of $125,010.00. Following the transaction, the insider now directly owns 71,721 shares of the company’s stock, valued at $2,151,630. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Philip Charles Baldock sold 4,930 shares of the firm’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $26.11, for a total value of $128,722.30. Following the transaction, the senior vice president now directly owns 13,529 shares in the company, valued at $353,242.19. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,347 shares of company stock worth $290,307. Company insiders own 0.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capstone Investment Advisors Netherlands B.V. bought a new stake in shares of ARRIS International in the second quarter worth about $233,000. Crossmark Global Holdings Inc. bought a new stake in shares of ARRIS International in the third quarter worth about $473,000. Quantbot Technologies LP bought a new stake in shares of ARRIS International in the third quarter worth about $514,000. Meeder Asset Management Inc. grew its stake in shares of ARRIS International by 38.8% in the third quarter. Meeder Asset Management Inc. now owns 30,371 shares of the communications equipment provider’s stock worth $865,000 after purchasing an additional 8,496 shares during the last quarter. Finally, Amalgamated Bank boosted its position in ARRIS International by 18.3% during the 2nd quarter. Amalgamated Bank now owns 35,507 shares of the communications equipment provider’s stock valued at $995,000 after acquiring an additional 5,488 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This article was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another site, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this article can be viewed at https://ledgergazette.com/2018/01/13/arris-international-arrs-stock-rating-upgraded-by-bidaskclub.html.

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.

Analyst Recommendations for ARRIS International (NASDAQ:ARRS)

Receive News & Ratings for ARRIS International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARRIS International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply