What’s Ahead for ARRIS International plc (ARRS) After Today’s Huge Increase?

February 15, 2018 - By Peter Erickson

Investors sentiment increased to 2 in Q3 2017. Its up 2.00, from 0 in 2017Q2. It increased, as 0 investors sold ARRIS International plc shares while 1 reduced holdings. 2 funds opened positions while 0 raised stakes. 268,129 shares or 8.25% more from 247,686 shares in 2017Q2 were reported.
First Bank Of Omaha holds 64,640 shares or 0.11% of its portfolio. Baxter Bros Incorporated reported 1.4% stake. Vantage Advisors Lc has invested 0.02% in ARRIS International plc (NASDAQ:ARRS). Eqis Capital Inc holds 0.05% or 30,264 shares in its portfolio. Gemmer Asset Mngmt Ltd Liability Company reported 0% stake.

The stock of ARRIS International plc (NASDAQ:ARRS) is a huge mover today! The stock increased 4.40% or $1.09 during the last trading session, reaching $25.86. About 2.50 million shares traded or 55.81% up from the average. ARRIS International plc (NASDAQ:ARRS) has risen 22.70% since February 15, 2017 and is uptrending. It has outperformed by 6.00% the S&P500.
The move comes after 9 months positive chart setup for the $4.84 billion company. It was reported on Feb, 15 by Barchart.com. We have $26.89 PT which if reached, will make NASDAQ:ARRS worth $193.44 million more.

Analysts await ARRIS International plc (NASDAQ:ARRS) to report earnings on February, 28. They expect $0.71 earnings per share, up 1.43 % or $0.01 from last year’s $0.7 per share. ARRS’s profit will be $132.77 million for 9.11 P/E if the $0.71 EPS becomes a reality. After $0.75 actual earnings per share reported by ARRIS International plc for the previous quarter, Wall Street now forecasts -5.33 % negative EPS growth.

ARRIS International plc (NASDAQ:ARRS) Ratings Coverage

Among 14 analysts covering Arris Group Inc. (NASDAQ:ARRS), 11 have Buy rating, 1 Sell and 2 Hold. Therefore 79% are positive. Arris Group Inc. had 39 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was upgraded by Goldman Sachs to “Buy” on Tuesday, March 14. The stock of ARRIS International plc (NASDAQ:ARRS) earned “Hold” rating by Northland Capital on Thursday, November 2. The stock of ARRIS International plc (NASDAQ:ARRS) earned “Buy” rating by Needham on Thursday, February 18. The stock of ARRIS International plc (NASDAQ:ARRS) earned “Sell” rating by Zacks on Monday, September 21. The firm has “Buy” rating by UBS given on Wednesday, September 9. The stock of ARRIS International plc (NASDAQ:ARRS) has “Neutral” rating given on Monday, March 14 by Goldman Sachs. The company was maintained on Tuesday, June 6 by Jefferies. RBC Capital Markets maintained ARRIS International plc (NASDAQ:ARRS) rating on Monday, June 5. RBC Capital Markets has “Buy” rating and $3300 target. Northland Capital maintained it with “Hold” rating and $2500 target in Thursday, August 3 report. The stock of ARRIS International plc (NASDAQ:ARRS) has “Outperform” rating given on Thursday, July 30 by RBC Capital Markets.

More notable recent ARRIS International plc (NASDAQ:ARRS) news were published by: Seekingalpha.com which released: “ARRIS International’s (ARRS) CEO Bruce McClelland on Q4 2017 Results …” on February 15, 2018, also Nasdaq.com with their article: “ARRIS International plc Reports Gain In Q4 Bottom Line” published on February 14, 2018, Prnewswire.com published: “ARRIS Announces Global Deployments of E6000® Second-Generation (Gen 2) Modules” on February 14, 2018. More interesting news about ARRIS International plc (NASDAQ:ARRS) were released by: Prnewswire.com and their article: “ARRIS Announces Preliminary and Unaudited Fourth Quarter and Full Year 2017 …” published on February 14, 2018 as well as Nasdaq.com‘s news article titled: “ARRIS (ARRS) Q4 Earnings Surpass Estimates, Revenues Miss” with publication date: February 15, 2018.

ARRIS International plc, together with its subsidiaries, provides media entertainment and data communications solutions in the United States and internationally. The company has market cap of $4.84 billion. It operates through two divisions, Customer Premises Equipment and Network & Cloud. It has a 29.55 P/E ratio. The Customer Premises Equipment segment offers various product solutions, including set-top boxes, gateways, digital subscriber lines and cable modems, and wireless connectivity or other wired connectivity products that enable service providers to offer voice, video, and high-speed data services to residential and business subscribers.

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