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.
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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