ARRIS International (NASDAQ:ARRS) is scheduled to be announcing its earnings results after the market closes on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.76 per share for the quarter.
Shares of ARRIS International (NASDAQ:ARRS) opened at $24.67 on Tuesday. The stock has a market cap of $4,333.28, a PE ratio of 28.36, a PEG ratio of 0.88 and a beta of 1.28. ARRIS International has a 52-week low of $22.60 and a 52-week high of $30.79. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.43.
A number of equities research analysts have recently issued reports on ARRS shares. BidaskClub cut shares of ARRIS International from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Northland Securities set a $25.00 target price on shares of ARRIS International and gave the company a “hold” rating in a research report on Monday, October 16th. Raymond James Financial set a $38.00 price objective on shares of ARRIS International and gave the stock a “buy” rating in a research report on Monday, December 4th. Morgan Stanley cut shares of ARRIS International from an “overweight” rating to an “equal weight” rating and set a $31.00 price objective for the company. in a research report on Tuesday, December 19th. Finally, ValuEngine cut shares of ARRIS International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $33.20.
In other news, insider Lawrence Robinson sold 4,167 shares of the stock in a transaction dated Thursday, November 30th. The shares were 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 of the company’s stock, valued at $2,151,630. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Philip Charles Baldock sold 4,930 shares of the stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $26.11, for a total transaction of $128,722.30. Following the completion of the transaction, the senior vice president now directly owns 13,529 shares of the company’s stock, valued at approximately $353,242.19. The disclosure for this sale can be found here. Insiders have sold 10,347 shares of company stock valued at $290,307 in the last ninety days. 0.90% of the stock is currently owned by company insiders.
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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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