ARRIS International PLC (NASDAQ:ARRS)‘s stock had its “hold” rating restated by equities research analysts at Northland Securities in a note issued to investors on Thursday. They currently have a $24.00 target price on the communications equipment provider’s stock. Northland Securities’ price target would suggest a potential downside of 14.77% from the company’s previous close.

ARRS has been the topic of several other research reports. Royal Bank Of Canada reaffirmed a “buy” rating on shares of ARRIS International PLC in a report on Tuesday, May 2nd. BidaskClub lowered shares of ARRIS International PLC from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Jefferies Group LLC reaffirmed a “buy” rating and set a $34.00 target price on shares of ARRIS International PLC in a report on Thursday, June 8th. Zacks Investment Research raised shares of ARRIS International PLC from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 25th. Finally, TheStreet lowered shares of ARRIS International PLC from a “b-” rating to a “c” rating in a report on Wednesday, May 3rd. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $32.90.

ARRIS International PLC (NASDAQ:ARRS) opened at 28.16 on Thursday. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of 42.86 and a beta of 1.31. The stock’s 50 day moving average is $28.28 and its 200-day moving average is $27.58. ARRIS International PLC has a one year low of $24.75 and a one year high of $31.52.

ARRIS International PLC (NASDAQ:ARRS) last released its earnings results on Wednesday, August 2nd. The communications equipment provider reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.06. ARRIS International PLC had a net margin of 1.90% and a return on equity of 13.97%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the firm earned $0.84 EPS. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, equities research analysts expect that ARRIS International PLC will post $2.51 earnings per share for the current fiscal year.

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In other ARRIS International PLC news, EVP David Potts sold 8,144 shares of the stock in a transaction on Friday, July 14th. The shares were 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 owns 96,234 shares of the company’s stock, valued at approximately $2,707,062.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.20% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Tyers Asset Management LLC boosted its stake in shares of ARRIS International PLC by 7.4% in the first quarter. Tyers Asset Management LLC now owns 5,792 shares of the communications equipment provider’s stock valued at $153,000 after buying an additional 400 shares during the last quarter. Delta Capital Management LLC purchased a new stake in shares of ARRIS International PLC during the second quarter valued at $210,000. Elkfork Partners LLC boosted its stake in shares of ARRIS International PLC by 7.4% in the first quarter. Elkfork Partners LLC now owns 7,964 shares of the communications equipment provider’s stock valued at $211,000 after buying an additional 550 shares during the last quarter. Cortina Asset Management LLC boosted its stake in shares of ARRIS International PLC by 9.5% in the first quarter. Cortina Asset Management LLC now owns 8,277 shares of the communications equipment provider’s stock valued at $219,000 after buying an additional 715 shares during the last quarter. Finally, Bellwether Investment Group LLC boosted its stake in shares of ARRIS International PLC by 10.6% in the first quarter. Bellwether Investment Group LLC now owns 8,665 shares of the communications equipment provider’s stock valued at $229,000 after buying an additional 830 shares during the last quarter. 87.49% of the stock is owned by institutional investors and hedge funds.

About ARRIS International PLC

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.

Analyst Recommendations for ARRIS International PLC (NASDAQ:ARRS)

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