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

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

ARRIS International declared that its board has approved a stock buyback program on Saturday, March 24th 2018, which authorizes the company to repurchase $300,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 5.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's management believes its stock is undervalued.

ARRIS International plc (NASDAQ:ARRS) issued its quarterly earnings results on Thursday, November, 8th. The communications equipment provider reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.67 by $0.01. The communications equipment provider had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.71 billion. ARRIS International had a return on equity of 16.14% and a net margin of 1.24%. The company's revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 EPS. View ARRIS International's Earnings History.

ARRIS International is scheduled to release their next quarterly earnings announcement on Wednesday, February 13th 2019. View Earnings Estimates for ARRIS International.

ARRIS International updated its fourth quarter earnings guidance on Thursday, November, 8th. The company provided earnings per share (EPS) guidance of $0.68 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.80. The company issued revenue guidance of $1.651 billion, compared to the consensus revenue estimate of $1.86 billion.

10 equities research analysts have issued twelve-month price targets for ARRIS International's stock. Their forecasts range from $23.00 to $35.00. On average, they expect ARRIS International's share price to reach $30.2788 in the next twelve months. This suggests that the stock has a possible downside of 1.3%. View Analyst Price Targets for ARRIS International.

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

Media coverage about ARRS stock has trended positive recently, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. ARRIS International earned a daily sentiment score of 3.0 on InfoTrie's scale. They also gave news headlines about the communications equipment provider a news buzz of 8.0 out of 10, meaning that recent press coverage is very likely to have an effect on the stock's share price in the next few days.

ARRIS International saw a increase in short interest in the month of November. As of November 30th, there was short interest totalling 13,536,618 shares, an increase of 89.9% from the November 15th total of 7,128,193 shares. Based on an average trading volume of 5,391,902 shares, the days-to-cover ratio is presently 2.5 days. Approximately 8.3% of the company's stock are sold short. View ARRIS International's Current Options Chain.

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

ARRIS International's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Lyrical Asset Management LP (3.27%), Strs Ohio (2.78%), Neuberger Berman Group LLC (2.26%), Bank of New York Mellon Corp (1.08%), Glenmede Trust Co. NA (0.99%) and First Pacific Advisors LP (0.91%). 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 Panagora Asset Management Inc., Canada Pension Plan Investment Board, Teachers Advisors LLC, First Pacific Advisors LP, Meeder Asset Management Inc., Channing Capital Management LLC, Bank of New York Mellon Corp and Hallmark Capital Management 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 Glenmede Trust Co. NA, Nordea Investment Management AB, Strs Ohio, Marshall Wace LLP, Neuberger Berman Group LLC, TIAA CREF Investment Management LLC, Russell Investments Group Ltd. and Ancora Advisors LLC. 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 $30.69.

ARRIS International has a market capitalization of $5.32 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]