NASDAQ:ARRS - ARRIS International Stock Price, Price Target & More

ARRIS International trades on the NASDAQ under the ticker symbol "ARRS."

ARRIS International announced that its Board of Directors has approved a share buyback program on Saturday, March 24th 2018, which allows the company to buyback $300,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 5.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

ARRIS International plc (NASDAQ:ARRS) posted its quarterly earnings results on Tuesday, May, 1st. The communications equipment provider reported $0.73 EPS for the quarter, beating the Zacks' consensus estimate of $0.53 by $0.20. The communications equipment provider had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.61 billion. ARRIS International had a return on equity of 16.38% and a net margin of 1.77%. ARRIS International's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.40 earnings per share. View ARRIS International's Earnings History.

ARRIS International is scheduled to release their next quarterly earnings announcement on Wednesday, August, 1st 2018. View Earnings Estimates for ARRIS International.

ARRIS International issued an update on its second quarter earnings guidance on Tuesday, May, 1st. The company provided EPS guidance of $0.72-0.77 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.72. The company issued revenue guidance of $1.76-1.81 billion, compared to the consensus revenue estimate of $1.79 billion.

8 brokerages have issued twelve-month price objectives for ARRIS International's stock. Their predictions range from $24.00 to $38.00. On average, they anticipate ARRIS International's stock price to reach $31.50 in the next twelve months. This suggests a possible upside of 18.8% from the stock's current price. View Analyst Ratings for ARRIS International.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ARRIS International in the last year. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

Some companies that are related to ARRIS International include L3 Technologies (LLL), Ubiquiti Networks (UBNT), Commscope (COMM), Echostar (SATS), ViaSat (VSAT), Maxar Technologies (MAXR), Mitel Networks (MITL), Casa Systems (CASA), Loral Space & Communications Ltd. (LORL), CalAmp (CAMP), Comtech Telecomm. (CMTL), Sierra Wireless (SWIR), Gilat Satellite Networks (GILT), Energous (WATT) and Harmonic (HLIT).

News stories about ARRS stock have trended somewhat positive on Wednesday, according to Accern. The research firm identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ARRIS International earned a coverage optimism score of 0.20 on Accern's scale. They also gave headlines about the communications equipment provider an impact score of 46.01 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days.

ARRIS International's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Kirr Marbach & Co. LLC IN (0.23%) and Cerebellum GP LLC (0.00%). Company insiders that own ARRIS International stock include Bruce William Mcclelland, David Potts, Debora J Wilson, James R Brennan, Lawrence Robinson, Patrick W Macken, Philip Charles Baldock, Robert J Stanzione, Ronald Coppock and Stephen J Mccaffery. View Institutional Ownership Trends for ARRIS International.

ARRS stock was sold by a variety of institutional investors in the last quarter, including Kirr Marbach & Co. LLC IN. Company insiders that have sold ARRIS International company stock in the last year include David Potts, James R Brennan, Lawrence Robinson, Patrick W Macken, Philip Charles Baldock and Stephen J Mccaffery. View Insider Buying and Selling for ARRIS International.

ARRS stock was acquired by a variety of institutional investors in the last quarter, including Cerebellum GP LLC. Company insiders that have bought ARRIS International stock in the last two years include Bruce William Mcclelland, Debora J Wilson and Robert J Stanzione. View Insider Buying and Selling for ARRIS International.

Shares of ARRS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of ARRS stock can currently be purchased for approximately $26.52.

ARRIS International has a market capitalization of $4.92 billion and generates $6.61 billion in revenue each year. The communications equipment provider earns $92.02 million in net income (profit) each year or $2.43 on an earnings per share basis. ARRIS International employs 8,700 workers across the globe.

ARRIS International's mailing address is 3871 LAKEFIELD DRIVE, SUWANEE GA, 30024. The communications equipment provider can be reached via phone at 678-473-2000 or via email at [email protected]