ARRIS International plc (ARRS) was Initiated by Northland Capital to “Market Perform” and the brokerage firm has set the Price Target at $30. Northland Capital advised their Clients and Investors in a research report released on Feb 21, 2017.
On the company’s financial health, ARRIS International plc reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.76. The company had revenue of $1734.80 million for the quarter, compared to analysts expectations of $1738.56 million. The company’s revenue was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.
Several company insiders have filed Insider transactions , on Feb 2, 2017, David Potts (EVP OF FINANCE, CFO) sold 8,378 shares at $28.92 per share price. According to the SEC, on Jan 5, 2017, Ronald Coppock (PRES, INTL SALES AND MARKETING) sold 4,341 shares at $30.34 per share price. On Dec 9, 2016, Robert J Stanzione (EXECUTIVE CHAIRMAN) sold 30,000 shares at $30.15 per share price, according to the Form-4 filing with the securities and exchange commission.
ARRIS International plc opened for trading at $29.7 and hit $30.24 on the upside on Friday, eventually ending the session at $30.2, with a gain of 1.14% or 0.34 points. The heightened volatility saw the trading volume jump to 22,66,186 shares. Company has a market cap of $5,728 M.
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.