ARRIS International (ARRS) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of ARRIS International (NASDAQ:ARRS) from a sell rating to a strong sell rating in a report published on Tuesday morning.

A number of other equities analysts have also recently issued reports on the company. Raymond James cut ARRIS International from a strong-buy rating to an outperform rating and dropped their target price for the stock from $36.00 to $29.00 in a report on Monday. TheStreet raised ARRIS International from a c rating to a b- rating in a report on Friday, September 21st. Northland Securities reissued a hold rating and issued a $23.00 target price on shares of ARRIS International in a report on Thursday, August 2nd. Wells Fargo & Co began coverage on ARRIS International in a report on Thursday, July 12th. They issued an outperform rating and a $32.00 target price for the company. Finally, Goldman Sachs Group cut ARRIS International from a neutral rating to a sell rating and set a $24.00 price target for the company. in a report on Wednesday, June 20th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $29.63.

Shares of ARRS traded up $0.42 during mid-day trading on Tuesday, reaching $23.45. The company had a trading volume of 18,136 shares, compared to its average volume of 1,066,876. ARRIS International has a twelve month low of $21.83 and a twelve month high of $30.00. The company has a current ratio of 1.59, a quick ratio of 1.16 and a debt-to-equity ratio of 0.67. The stock has a market cap of $4.20 billion, a PE ratio of 9.51, a PEG ratio of 1.42 and a beta of 1.23.

ARRIS International (NASDAQ:ARRS) last issued its earnings results on Wednesday, August 1st. The communications equipment provider reported $0.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.02). ARRIS International had a return on equity of 16.82% and a net margin of 1.83%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the previous year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, sell-side analysts forecast that ARRIS International will post 2.53 EPS for the current fiscal year.

In other news, CEO Bruce William Mcclelland acquired 1,500 shares of the firm’s stock in a transaction on Monday, August 13th. The shares were purchased at an average cost of $24.08 per share, for a total transaction of $36,120.00. Following the transaction, the chief executive officer now owns 242,256 shares of the company’s stock, valued at $5,833,524.48. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders acquired a total of 5,040 shares of company stock worth $120,666 over the last quarter. Corporate insiders own 0.90% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Summit Trail Advisors LLC boosted its position in ARRIS International by 2,047.7% in the 1st quarter. Summit Trail Advisors LLC now owns 111,487 shares of the communications equipment provider’s stock valued at $111,000 after buying an additional 106,296 shares during the last quarter. First Hawaiian Bank bought a new position in ARRIS International in the 3rd quarter valued at $140,000. Cerebellum GP LLC boosted its position in ARRIS International by 163.9% in the 2nd quarter. Cerebellum GP LLC now owns 6,913 shares of the communications equipment provider’s stock valued at $169,000 after buying an additional 4,293 shares during the last quarter. Delphi Management Inc. MA bought a new position in ARRIS International in the 2nd quarter valued at $212,000. Finally, Levin Capital Strategies L.P. bought a new position in ARRIS International in the 1st quarter valued at $266,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

ARRIS International Company Profile

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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