Jefferies Assumes ARRIS International plc to Buy

Brokerage firm Jefferies Assumes its rating on ARRIS International plc(NASDAQ:ARRS). The shares have been rated Buy. The rating by Jefferies was issued on Jun 10, 2016.

In a different note, On Mar 15, 2016, RBC Capital said it Assumes its rating on ARRIS International plc. The shares have been rated ‘Outperform’ by the firm. On Mar 14, 2016, Goldman Sachs said it Downgrades its rating on ARRIS International plc. In the research note, the firm Lowers the price-target to $39.00 per share. The shares have been rated ‘Neutral’ by the firm.

ARRIS International plc (ARRS) made into the market gainers list on Wednesdays trading session with the shares advancing 0.40% or 0.09 points. Due to strong positive momentum, the stock ended at $22.84, which is also near the day’s high of $23.12. The stock began the session at $22.76 and the volume stood at 23,54,402 shares. The 52-week high of the shares is $32.93 and the 52 week low is $20.27. The company has a current market capitalization of $4,338 M and it has 18,99,23,670 shares in outstanding.

ARRIS International plc(ARRS) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.61B. Analysts had an estimated revenue of $1.58B. Earnings per share were $0.47. Analysts had estimated an EPS of $0.40.

Several Insider Transactions has been reported to the SEC. On May 9, 2016, James R Brennan (SVP, GLOBAL SUPPLY CHAIN) sold 8,500 shares at $25.88 per share price.Also, On May 9, 2016, Ronald Coppock (PRES, INTL SALES AND MARKETING) sold 5,000 shares at $25.25 per share price.On Mar 9, 2016, Timothy R O’loughlin (PRESIDENT,NORTH AMERICAN SALES) sold 119,567 shares at $29.78 per share price, according to the Form-4 filing with the securities and exchange commission.

ARRIS International plc focuses on the entertainment and communications technology. The Company through its subsidiary ARRIS Group Inc. provides a range of entertainment and communications solutions. The Company enables service providers including cable telephone and digital broadcast satellite operators and media programmers to deliver media voice and Internet protocol (IP) data services to their subscribers. The Company focuses on set tops digital video and Internet protocol television (IPTV) distribution systems broadband access infrastructure platforms and associated data and voice customer premises equipment (CPE) which it sells to consumers through retail channels. The Company’s product categories include content delivery and acquisition application and control delivery networks home and business connectivity and devices and video infrastructure. Its services include professional services and systems integration day two services and knowledge services.

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