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 share buyback program on Saturday, March 24th 2018, which allows the company to repurchase $300,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 5.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board 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 earnings per share (EPS) for the quarter, beating the Thomson Reuters' 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 net margin of 1.24% and a return on equity of 16.14%. ARRIS International's quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.40 EPS. View ARRIS International's Earnings History.

ARRIS International issued an update on 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 analysts have issued 12-month target prices for ARRIS International's shares. Their predictions range from $23.00 to $32.00. On average, they anticipate ARRIS International's stock 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.

News stories about ARRS stock have been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by reviewing 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 nearest to five being the most favorable. ARRIS International earned a coverage optimism score of -1.0 on InfoTrie's scale. They also gave news articles about the communications equipment provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near term.

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), CalAmp (CAMP), Gilat Satellite Networks (GILT), Harmonic (HLIT), Sierra Wireless (SWIR), Ceragon Networks (CRNT) and Maxar Technologies (MAXR).

ARRIS International's stock is owned by a variety of 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 acquired 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]