ARRIS International (NASDAQ:ARRS) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Friday, March 9th.
A number of other equities research analysts have also recently commented on ARRS. TheStreet cut shares of ARRIS International from a “b” rating to a “c+” rating in a research note on Friday, January 12th. ValuEngine raised shares of ARRIS International from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Loop Capital began coverage on shares of ARRIS International in a research note on Monday, January 29th. They issued a “buy” rating and a $35.00 price target on the stock. Zacks Investment Research raised shares of ARRIS International from a “sell” rating to a “hold” rating in a research note on Tuesday, February 20th. Finally, Raymond James Financial set a $36.00 price target on shares of ARRIS International and gave the company a “buy” rating in a research note on Thursday, December 14th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $33.33.
ARRS stock traded up $0.21 on Friday, reaching $27.19. 1,900,611 shares of the company’s stock were exchanged, compared to its average volume of 1,282,055. The stock has a market cap of $5,036.65, a price-to-earnings ratio of 55.49, a PEG ratio of 1.07 and a beta of 1.21. ARRIS International has a 12 month low of $22.60 and a 12 month high of $30.38. The company has a quick ratio of 1.08, a current ratio of 1.51 and a debt-to-equity ratio of 0.66.
ARRIS International (NASDAQ:ARRS) last issued its quarterly earnings data on Wednesday, February 14th. The communications equipment provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.74 billion. ARRIS International had a net margin of 1.41% and a return on equity of 14.69%. The business’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the company earned $0.79 EPS. equities research analysts anticipate that ARRIS International will post 2.54 EPS for the current fiscal year.
In related news, CEO Bruce William Mcclelland purchased 2,000 shares of ARRIS International stock in a transaction dated Friday, February 16th. The shares were acquired at an average price of $25.91 per share, for a total transaction of $51,820.00. Following the acquisition, the chief executive officer now directly owns 216,158 shares in the company, valued at $5,600,653.78. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, SVP Philip Charles Baldock sold 4,930 shares of ARRIS International stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $26.11, for a total value of $128,722.30. Following the transaction, the senior vice president now owns 13,529 shares in the company, valued at approximately $353,242.19. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 9,500 shares of company stock worth $241,440. 0.90% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of ARRS. FNY Partners Fund LP purchased a new stake in ARRIS International in the 4th quarter valued at about $100,000. Icon Advisers Inc. Co. purchased a new stake in ARRIS International in the 4th quarter valued at about $206,000. Capital Fund Management S.A. raised its holdings in ARRIS International by 25.5% in the 4th quarter. Capital Fund Management S.A. now owns 12,300 shares of the communications equipment provider’s stock valued at $316,000 after buying an additional 2,500 shares during the period. Oakbrook Investments LLC purchased a new stake in ARRIS International in the 4th quarter valued at about $361,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in ARRIS International in the 3rd quarter valued at about $473,000. Hedge funds and other institutional investors own 88.44% of the company’s stock.
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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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