ARRIS International PLC Company Profile (NASDAQ:ARRS)

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

ARRIS International PLC (NASDAQ:ARRS) released its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.06. The firm earned $1.67 billion during the quarter, compared to the consensus estimate of $1.66 billion. ARRIS International PLC had a return on equity of 13.97% and a net margin of 1.90%. The business's revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 EPS. View ARRIS International PLC's Earnings History.

ARRIS International PLC is scheduled to release their next quarterly earnings announcement on Wednesday, October, 25th 2017. View Earnings Estimates for ARRIS International PLC.

9 equities research analysts have issued 1-year price objectives for ARRIS International PLC's stock. Their forecasts range from $24.00 to $38.00. On average, they expect ARRIS International PLC's stock price to reach $33.00 in the next twelve months. View Analyst Ratings for ARRIS International PLC.

Here are some recent quotes from research analysts about ARRIS International PLC stock:

• 1. According to Zacks Investment Research, "ARRIS reported better than expected earnings in the second quarter of 2017. We expect the company to perform well on the bottom line front in the third quarter too driven by its strong product portfolio. The company  expects earnings (adjusted) in the band of $0.66–$0.71 in the third quarter of 2017. ARRIS has recenty inked several deals to broaden its product portfolio. In Feb 2017, ARRIS entered into a deal with Broadcom to purchase Brocade Communication's Ruckus Wireless and ICX Switch units. The deal is expected to close by year-end. However, the company reported lower-than-expected revenues in the second quarter. Moreover, the company’s international operations are significantly exposed to foreign currency exchange rate risk. ARRIS is also a highly leveraged company. Shares of the company have underperformed its industry so far this year." (8/8/2017)
• 2. Needham & Company LLC analysts commented, "ARRS' 4Q call was at best a mixed bag. Positively, the company reported upside 4Q results and announced the speculated-upon acquisition of Brocade's Ruckus Wireless and campus switching products, which we estimate could be ~$0.30 accretive in C2018. Negatively, 1Q17 guidance was well below consensus, and guidance for all of '17 called for 100-200bps of potential GM pressure from supply chain cost pressures. Combined, these drive a C'17 outlook materially lower than we had previously been expecting. While disappointing, we expect ARRS results to improve as '17 progresses and mix improves, and we believe the closure of the BRCD deal with drive solid accretion in '18. As such, we maintain our Buy rating; PT to $32 (was $35), or ~11x our preliminary post-acquisition C2018 NG EPS estimate." (2/23/2017)

Some companies that are related to ARRIS International PLC include Alcatel Lucent SA (ALU), CommScope Holding Company (COMM), EchoStar Corporation (SATS), Brocade Communications Systems (BRCD), ViaSat (VSAT), Ciena Corporation (CIEN), Lumentum Holdings (LITE), Belden (BDC), Finisar Corporation (FNSR), InterDigital (IDCC), Viavi Solutions (VIAV), West Corporation (WSTC), Acacia Communications (ACIA), Plantronics (PLT), Oclaro (OCLR), Applied Optoelectronics (AAOI), Infinera Corporation (INFN) and ADTRAN (ADTN).

ARRIS International PLC's management team includes the folowing people:

• Robert J. Stanzione, Executive Chairman of the Board
• Bruce William McClelland, Chief Executive Officer, Director
• David B. Potts, Chief Financial Officer, Executive Vice President
• Stephen McCaffery, President, International Sales & Managing Director, International Business Operations Group
• Timothy O'Loughlin, President, North American Sales
• Lawrence Robinson, President, Customer Premises Equipment
• Daniel T. Whalen, President, Network & Cloud
• Philip C. Baldock, Senior Vice President, Chief Information Officer
• Patrick W. Macken, Senior Vice President, General Counsel, Secretary
• Victoria P. Brewster, Senior Vice President - Human Resources

ARRIS International PLC's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Ameriprise Financial Inc. (2.81%), State Street Corp (2.52%), Bank of New York Mellon Corp (1.10%), Neuberger Berman Group LLC (1.04%), Strs Ohio (1.02%) and New York State Common Retirement Fund (0.66%). Company insiders that own ARRIS International PLC stock include Bruce William Mcclelland, David A Woodle, David Potts, J Timothy Bryan, James R Brennan, Jeong H Kim, Patrick W Macken, Philip Charles Baldock, Robert J Stanzione, Ronald Coppock, Stephen J Mccaffery and Timothy R O'loughlin. View Institutional Ownership Trends for ARRIS International PLC.

ARRIS International PLC's stock was sold by a variety of institutional investors in the last quarter, including Thrivent Financial For Lutherans, Nationwide Fund Advisors, Opus Capital Group LLC, Emerald Advisers Inc. PA, Neuberger Berman Group LLC, California State Teachers Retirement System, Pax World Management LLC and State Street Corp. Company insiders that have sold ARRIS International PLC stock in the last year include David Potts, Patrick W Macken, Robert J Stanzione, Ronald Coppock and Stephen J Mccaffery. View Insider Buying and Selling for ARRIS International PLC.

ARRIS International PLC's stock was acquired by a variety of institutional investors in the last quarter, including Ameriprise Financial Inc., Russell Investments Group Ltd., Strs Ohio, Quantitative Investment Management LLC, Martingale Asset Management L P, Teachers Advisors LLC, UBS Oconnor LLC and Marshall Wace North America L.P.. Company insiders that have bought ARRIS International PLC stock in the last two years include Bruce William Mcclelland, David A Woodle, J Timothy Bryan, Jeong H Kim and Robert J Stanzione. View Insider Buying and Selling for ARRIS International PLC.

Shares of ARRIS International PLC can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of ARRIS International PLC stock can currently be purchased for approximately $27.04.