ARRIS International PLC (ARRS) Receiving Somewhat Favorable Press Coverage, Analysis Shows
News coverage about ARRIS International PLC (NASDAQ:ARRS) has been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. ARRIS International PLC earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned media coverage about the communications equipment provider an impact score of 45.8616423539421 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern’s scoring:
- ARRIS brings actionable analytics to service providers (financial-news.co.uk)
- Cisco : ARRIS and Cisco Showcase Cable Industry Readiness for Remote PHY with Interoperability Demos at SCTE Cable Tec Expo (4-traders.com)
- ARRIS and Cisco Showcase Cable Industry Readiness for Remote PHY with Interoperability Demos at SCTE Cable … – Markets Insider (markets.businessinsider.com)
- ARRIS International Plc – Value Analysis (NASDAQ:ARRS) : October 18, 2017 (finance.yahoo.com)
- ARRIS and Cisco Showcase Cable Industry Readiness for Remote PHY with Interoperability Demos at SCTE Cable-Tec Expo (finance.yahoo.com)
ARRS has been the topic of a number of research analyst reports. TheStreet upgraded ARRIS International PLC from a “c+” rating to a “b” rating in a research report on Monday, October 9th. Jefferies Group LLC set a $38.00 price target on ARRIS International PLC and gave the stock a “buy” rating in a research report on Wednesday, October 4th. ValuEngine upgraded ARRIS International PLC from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded ARRIS International PLC from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Monday, August 7th. Finally, Northland Securities set a $25.00 target price on ARRIS International PLC and gave the stock a “hold” rating in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $33.38.
ARRIS International PLC (NASDAQ:ARRS) opened at 27.87 on Friday. The stock has a market capitalization of $5.23 billion, a P/E ratio of 42.10 and a beta of 1.33. The company’s 50-day moving average price is $27.96 and its 200 day moving average price is $27.67. ARRIS International PLC has a 52 week low of $24.75 and a 52 week high of $31.52.
ARRIS International PLC (NASDAQ:ARRS) last issued its quarterly earnings results on Wednesday, August 2nd. The communications equipment provider reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.66 billion. ARRIS International PLC had a net margin of 1.90% and a return on equity of 13.97%. The business’s revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.84 EPS. Equities research analysts expect that ARRIS International PLC will post $2.53 EPS for the current fiscal year.
In other ARRIS International PLC news, insider Stephen J. Mccaffery sold 12,609 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $30.00, for a total value of $378,270.00. Following the completion of the sale, the insider now owns 9,127 shares in the company, valued at approximately $273,810. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.90% of the company’s stock.
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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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