ARRIS International (ARRS) – Investment Analysts’ Weekly Ratings Changes

ARRIS International (NASDAQ: ARRS) has recently received a number of price target changes and ratings updates:

  • 1/9/2019 – ARRIS International was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 1/8/2019 – ARRIS International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “ARRIS is transforming the entertainment experience through a holistic approach to content delivery, leveraging its expertise in the cloud and network to help providers anticipate demand for more personalized experiences. Consumer demand for faster Internet speeds with more capacity continues to grow at an escalating rate, primarily driven by increasing consumption of video. It provides wireless and wired products and services for seamless connectivity across varied networking environments. The stock has outperformed the industry in the past three months on an average. However, ARRIS operates in a highly competitive and dynamic environment and its future success depends on its ability to develop new products that have broad market acceptance. High operating expenses have been hurting the company’s bottom-line growth. Customer concentration remains high for ARRIS with few customers accounting for a significant portion of its top line.”
  • 1/2/2019 – ARRIS International was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/1/2019 – ARRIS International was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 12/18/2018 – ARRIS International was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 12/17/2018 – ARRIS International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $34.00 price target on the stock. According to Zacks, “In the past three months, ARRIS has outperformed the industry on an average. The company is transforming the entertainment experience through a holistic approach to content delivery, leveraging its expertise in the cloud and network to help providers anticipate demand for more personalized, relevant and mobile experiences. Consumer demand for faster Internet speeds with more capacity continues to grow at an escalating rate, primarily driven by increasing consumption of video. Also, the company collaborates with its global customers to transform their entire delivery chain from content creation to consumption. It provides wireless and wired products and services for seamless connectivity across varied networking environments. However, high operating expenses have been hurting the company’s bottom line growth and are likely to hamper financial performance.”
  • 12/2/2018 – ARRIS International was downgraded by analysts at Jefferies Financial Group Inc from a “buy” rating to a “hold” rating. They now have a $30.73 price target on the stock.
  • 11/26/2018 – ARRIS International was downgraded by analysts at Jefferies Financial Group Inc from a “buy” rating to a “hold” rating. They now have a $31.75 price target on the stock, down previously from $38.00.

ARRS stock traded up $0.03 on Monday, hitting $30.73. 240,392 shares of the company’s stock were exchanged, compared to its average volume of 2,715,225. ARRIS International plc has a 12-month low of $21.55 and a 12-month high of $31.06. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.54 and a quick ratio of 1.15. The company has a market cap of $5.30 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 1.85 and a beta of 0.96.

ARRIS International (NASDAQ:ARRS) last announced its earnings results on Thursday, November 8th. The communications equipment provider reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. ARRIS International had a return on equity of 16.14% and a net margin of 1.24%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the business earned $0.80 EPS. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, equities research analysts anticipate that ARRIS International plc will post 2.67 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the business. First Hawaiian Bank purchased a new stake in ARRIS International during the 3rd quarter valued at about $140,000. Delphi Management Inc. MA purchased a new stake in ARRIS International during the 2nd quarter valued at about $212,000. Cerebellum GP LLC purchased a new stake in ARRIS International during the 4th quarter valued at about $254,000. Commonwealth Bank of Australia purchased a new stake in ARRIS International during the 3rd quarter valued at about $499,000. Finally, Oakbrook Investments LLC grew its stake in ARRIS International by 31.7% during the 3rd quarter. Oakbrook Investments LLC now owns 21,600 shares of the communications equipment provider’s stock valued at $561,000 after purchasing an additional 5,200 shares during the last quarter. Institutional investors and hedge funds own 89.57% of the company’s stock.

ARRIS International plc, together with its subsidiaries, provides entertainment, communications, and networking technology and solutions worldwide. It operates through three segments: Customer Premises Equipment, Network & Cloud, and Enterprise Networks. The Customer Premises Equipment segment offers digital subscriber lines and cable modems, broadband gateways, set-top boxes, and video gateways.

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