Media coverage about ARRIS International (NASDAQ:ARRS) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ARRIS International earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave news coverage about the communications equipment provider an impact score of 46.0132300856101 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s analysis:
Shares of ARRIS International (ARRS) traded down $0.43 during mid-day trading on Thursday, hitting $25.26. The stock had a trading volume of 699,300 shares, compared to its average volume of 1,217,200. ARRIS International has a one year low of $24.75 and a one year high of $30.79. The firm has a market cap of $4,770.00, a PE ratio of 29.03, a PEG 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 issued its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.18. ARRIS International had a return on equity of 14.02% and a net margin of 2.51%. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the firm earned $0.77 EPS. The firm’s revenue for the quarter was down .2% on a year-over-year basis. sell-side analysts predict that ARRIS International will post 2.32 EPS for the current year.
ARRS has been the topic of several analyst reports. ValuEngine upgraded ARRIS International from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Jefferies Group set a $38.00 target price on ARRIS International and gave the company a “buy” rating in a research report on Wednesday, October 4th. TheStreet upgraded ARRIS International from a “c+” rating to a “b” rating in a research report on Monday, October 9th. Northland Securities set a $25.00 target price on ARRIS International and gave the company a “hold” rating in a research 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 research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. ARRIS International presently has an average rating of “Buy” and an average target price of $33.40.
In related news, SVP Patrick W. Macken sold 1,250 shares of ARRIS International stock in a transaction on Monday, November 20th. The stock was sold at an average price of $29.26, for a total value 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lawrence Robinson sold 4,167 shares of ARRIS International stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $30.00, for a total value of $125,010.00. Following the completion of 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. Over the last quarter, insiders have sold 10,347 shares of company stock worth $290,307. 0.90% of the stock is owned by insiders.
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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.
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