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 has authorized a share buyback 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 repurchase up to 5.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

ARRIS International plc (NASDAQ:ARRS) announced its quarterly earnings data 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 analyst estimates of $1.61 billion. ARRIS International had a return on equity of 16.14% and a net margin of 1.24%. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 earnings per share. View ARRIS International's Earnings History.

ARRIS International issued an update on its FY 2018 earnings guidance on Monday, January, 28th. The company provided earnings per share 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 analysts have issued 12 month price targets for ARRIS International's stock. Their forecasts range from $23.00 to $32.00. On average, they anticipate ARRIS International's share price to reach $29.3717 in the next twelve months. 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.

Headlines about ARRS stock have trended neutral on Saturday, InfoTrie Sentiment reports. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. ARRIS International earned a news sentiment score of 0.2 on InfoTrie's scale. They also assigned media coverage about the communications equipment provider a news buzz of 3.0 out of 10, indicating that recent press coverage is unlikely to have an effect on the company's share price in the next few days.

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 retail and institutional investors. Top institutional shareholders 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 bought 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]