NASDAQ:ARRS - ARRIS International Stock Price, News, & Analysis

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

ARRIS International announced that its Board of Directors has authorized a stock repurchase plan on Saturday, March 24th 2018, which allows the company to buyback $300,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 5.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

ARRIS International plc (NASDAQ:ARRS) announced its quarterly earnings results on Tuesday, May, 1st. The communications equipment provider reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.53 by $0.20. The communications equipment provider earned $1.58 billion during the quarter, compared to analysts' expectations of $1.61 billion. ARRIS International had a return on equity of 16.14% and a net margin of 1.24%. The company's revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 earnings per share. View ARRIS International's Earnings History.

ARRIS International updated its FY 2018 earnings guidance on Monday, January, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $6.73-6.755 billion, compared to the consensus revenue estimate of $6.74 billion.ARRIS International also updated its Q4 2018 guidance to EPS.

9 Wall Street analysts have issued 1-year price objectives for ARRIS International's stock. Their predictions range from $23.00 to $32.00. On average, they anticipate ARRIS International's share price to reach $29.3717 in the next year. This suggests that the stock has a possible downside of 7.0%. View Analyst Price Targets for ARRIS International.

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

News headlines about ARRS stock have been trending somewhat positive recently, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. ARRIS International earned a news sentiment score of 1.3 on InfoTrie's scale. They also gave headlines about the communications equipment provider a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future.

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

ARRIS International's stock is owned by many different of institutional and retail investors. Top institutional investors include Millennium Management LLC (2.38%), Oregon Public Employees Retirement Fund (1.19%), Strs Ohio (1.08%), Geode Capital Management LLC (1.06%), Bank of New York Mellon Corp (0.96%) and Gardner Lewis Asset Management L P (0.79%). Company insiders that own ARRIS International stock include Bruce William Mcclelland, David A Woodle, David Potts, Debora J Wilson, Doreen A Toben, James R Brennan, Lawrence Robinson, Patrick W Macken, Philip Charles Baldock, Robert J Stanzione 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 Strs Ohio, New York State Common Retirement Fund, Geode Capital Management LLC, Channing Capital Management LLC, Canada Pension Plan Investment Board, Bank of New York Mellon Corp, Ancora Advisors LLC and James Investment Research Inc.. Company insiders that have sold ARRIS International company stock in the last year include David Potts, James R Brennan and Philip Charles Baldock. View Insider Buying and Selling for ARRIS International.

ARRS stock was purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, Oregon Public Employees Retirement Fund, Gardner Lewis Asset Management L P, Gabelli Funds LLC, GABELLI & Co INVESTMENT ADVISERS INC., LMR Partners LLP, Dupont Capital Management Corp and Rhumbline Advisers. Company insiders that have bought ARRIS International stock in the last two years include Bruce William Mcclelland, David A Woodle, Debora J Wilson, Doreen A Toben 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 $31.59.

ARRIS International has a market capitalization of $5.48 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.

The official website for ARRIS International is http://www.arrisi.com.

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]