ARRIS International (ARRS) Rating Increased to Sell at BidaskClub

BidaskClub upgraded shares of ARRIS International (NASDAQ:ARRS) from a strong sell rating to a sell rating in a research note released on Wednesday morning.

A number of other equities analysts have also recently issued reports on ARRS. ValuEngine cut ARRIS International from a buy rating to a hold rating in a report on Wednesday, September 6th. Jefferies Group set a $38.00 price target on ARRIS International and gave the stock a buy rating in a report on Wednesday, October 4th. TheStreet upgraded ARRIS International from a c+ rating to a b rating in a report on Monday, October 9th. Northland Securities set a $25.00 price target on ARRIS International and gave the stock a hold rating in a report on Monday, October 16th. Finally, Zacks Investment Research upgraded ARRIS International from a hold rating to a buy rating and set a $32.00 target price on the stock in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. ARRIS International has a consensus rating of Buy and an average price target of $33.40.

ARRIS International (ARRS) opened at $25.69 on Wednesday. The stock has a market capitalization of $4,862.55, a P/E ratio of 29.53, a price-to-earnings-growth ratio of 1.12 and a beta of 1.39. ARRIS International has a twelve month low of $24.75 and a twelve month high of $31.52. 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 posted its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.18. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.77 billion. ARRIS International had a return on equity of 14.02% and a net margin of 2.51%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 EPS. sell-side analysts anticipate that ARRIS International will post 2.32 earnings per share for the current fiscal year.

In other ARRIS International news, SVP Patrick W. Macken sold 1,250 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $29.26, for a total transaction of $36,575.00. Following the transaction, the senior vice president now directly owns 4,556 shares in the company, valued at approximately $133,308.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Lawrence Robinson sold 4,167 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $30.00, for a total value of $125,010.00. Following the transaction, the insider now owns 71,721 shares in the company, valued at $2,151,630. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio lifted its stake in ARRIS International by 6.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 129,308 shares of the communications equipment provider’s stock valued at $3,684,000 after acquiring an additional 8,301 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in ARRIS International by 4.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,030,172 shares of the communications equipment provider’s stock valued at $57,840,000 after acquiring an additional 92,445 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new position in ARRIS International during the 3rd quarter valued at $17,042,000. Thornburg Investment Management Inc. lifted its stake in ARRIS International by 4.4% during the 3rd quarter. Thornburg Investment Management Inc. now owns 709,992 shares of the communications equipment provider’s stock valued at $20,228,000 after acquiring an additional 30,156 shares in the last quarter. Finally, Twin Capital Management Inc. bought a new position in ARRIS International during the 3rd quarter valued at $1,492,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

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About ARRIS International

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)

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