Somewhat Positive Press Coverage Somewhat Unlikely to Impact ARRIS International PLC (ARRS) Share Price
News coverage about ARRIS International PLC (NASDAQ:ARRS) has been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ARRIS International PLC earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned headlines about the communications equipment provider an impact score of 45.1614388987824 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Salesforce.com, inc. (CRM) is at $90.00 per share and ARRIS International plc (ARRS) is listed at $27.65 – Stocks Gallery (stocksgallery.com)
- ARRIS Launches First Gateway with ARRIS Secure Home Internet … – Multichannel News (multichannel.com)
- Putting Arris International PLC (ARRS) Under the Microscope: Technicals Watch – Evergreen Caller (evergreencaller.com)
- ARRIS International plc – Ordin (NASDAQ:ARRS) Trading Down – Insiders Selling, Short Interest Growing – Highlight Press (highlightpress.com)
- Are Analysts Buzzing Over ARRIS International PLC (NASDAQ:ARRS Shares? – Stock Press Daily (stockpressdaily.com)
A number of equities research analysts have weighed in on the stock. BTIG Research assumed coverage on shares of ARRIS International PLC in a research note on Thursday, June 15th. They set a “buy” rating and a $38.00 price target on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $34.00 price target on shares of ARRIS International PLC in a research note on Thursday, June 8th. BidaskClub downgraded shares of ARRIS International PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. ValuEngine downgraded shares of ARRIS International PLC from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 31st. Finally, TheStreet downgraded shares of ARRIS International PLC from a “b-” rating to a “c” rating in a research note on Wednesday, May 3rd. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. ARRIS International PLC presently has a consensus rating of “Buy” and a consensus target price of $33.50.
ARRIS International PLC (NASDAQ:ARRS) opened at 27.57 on Tuesday. ARRIS International PLC has a one year low of $24.22 and a one year high of $31.52. The company has a market capitalization of $5.18 billion, a PE ratio of 29.24 and a beta of 1.31. The firm’s 50 day moving average price is $28.36 and its 200-day moving average price is $28.00.
ARRIS International PLC (NASDAQ:ARRS) last released its earnings results on Wednesday, May 3rd. The communications equipment provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.47 billion. ARRIS International PLC had a return on equity of 15.77% and a net margin of 2.69%. Equities analysts forecast that ARRIS International PLC will post $2.50 earnings per share for the current fiscal year.
In related news, EVP David Potts sold 8,144 shares of the company’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $28.13, for a total transaction of $229,090.72. Following the completion of the sale, the executive vice president now directly owns 96,234 shares in the company, valued at approximately $2,707,062.42. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.20% of the company’s stock.
ARRIS International PLC Company Profile
ARRIS International plc is a media entertainment and data communications solutions provider. The Company operates in two segments: Customer Premises Equipment (CPE), and Network & Cloud (N&C). 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.
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