ARRIS International (NASDAQ:ARRS) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.

Several other equities research analysts have also recently issued reports on ARRS. ValuEngine upgraded shares of ARRIS International from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Jefferies Group set a $38.00 price objective on shares of ARRIS International and gave the stock a “buy” rating in a research report on Wednesday, October 4th. TheStreet raised shares of ARRIS International from a “c+” rating to a “b” rating in a research note on Monday, October 9th. Northland Securities set a $25.00 target price on shares of ARRIS International and gave the stock a “hold” rating in a research note on Monday, October 16th. Finally, Zacks Investment Research raised shares of ARRIS International from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. ARRIS International currently has a consensus rating of “Hold” and a consensus target price of $33.00.

Shares of ARRIS International (NASDAQ ARRS) opened at $25.49 on Friday. ARRIS International has a 12-month low of $24.75 and a 12-month high of $30.79. The stock has a market cap of $4,767.17, a PE ratio of 29.30, a P/E/G ratio of 0.97 and a beta of 1.40. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.43 and a current ratio of 1.83.

ARRIS International (NASDAQ:ARRS) last released its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.18. ARRIS International had a net margin of 2.51% and a return on equity of 14.02%. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the business earned $0.77 earnings per share. ARRIS International’s revenue was down .2% compared to the same quarter last year. analysts predict that ARRIS International will post 2.32 EPS for the current year.

In other news, SVP Philip Charles Baldock sold 4,930 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $26.11, for a total value of $128,722.30. Following the completion of the transaction, the senior vice president now owns 13,529 shares of the company’s stock, valued at $353,242.19. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Lawrence Robinson sold 4,167 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $30.00, for a total transaction of $125,010.00. Following the completion of the transaction, the insider now directly owns 71,721 shares of the company’s stock, valued at approximately $2,151,630. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,347 shares of company stock valued at $290,307. 0.90% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of ARRS. Martingale Asset Management L P purchased a new position in shares of ARRIS International in the second quarter valued at approximately $2,989,000. Riverhead Capital Management LLC boosted its stake in shares of ARRIS International by 675.7% in the second quarter. Riverhead Capital Management LLC now owns 49,647 shares of the communications equipment provider’s stock valued at $1,391,000 after purchasing an additional 43,247 shares during the period. Teachers Advisors LLC boosted its stake in shares of ARRIS International by 9.6% in the second quarter. Teachers Advisors LLC now owns 904,962 shares of the communications equipment provider’s stock valued at $25,357,000 after purchasing an additional 79,439 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of ARRIS International by 16.5% in the second quarter. Ameriprise Financial Inc. now owns 5,244,590 shares of the communications equipment provider’s stock valued at $146,962,000 after purchasing an additional 743,332 shares during the period. Finally, Amalgamated Bank boosted its stake in shares of ARRIS International by 18.3% in the second quarter. Amalgamated Bank now owns 35,507 shares of the communications equipment provider’s stock valued at $995,000 after purchasing an additional 5,488 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

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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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