TheStreet upgraded shares of ARRIS International (NASDAQ:ARRS) from a c rating to a b- rating in a research report sent to investors on Friday morning.

Other equities research analysts also recently issued reports about the company. Northland Securities reiterated a hold rating and set a $23.00 target price on shares of ARRIS International in a report on Thursday, August 2nd. Wells Fargo & Co started coverage on ARRIS International in a report on Thursday, July 12th. They set an outperform rating and a $32.00 target price on the stock. Goldman Sachs Group downgraded ARRIS International from a neutral rating to a sell rating and set a $24.00 price objective on the stock. in a report on Wednesday, June 20th. ValuEngine upgraded ARRIS International from a strong sell rating to a sell rating in a report on Tuesday, July 10th. Finally, BidaskClub downgraded ARRIS International from a sell rating to a strong sell rating in a report on Thursday, May 24th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. ARRIS International has a consensus rating of Hold and a consensus target price of $31.33.

Shares of NASDAQ:ARRS opened at $26.31 on Friday. The stock has a market cap of $4.78 billion, a P/E ratio of 10.83, a P/E/G ratio of 1.57 and a beta of 1.25. The company has a current ratio of 1.59, a quick ratio of 1.16 and a debt-to-equity ratio of 0.67. ARRIS International has a one year low of $22.33 and a one year high of $30.00.

ARRIS International (NASDAQ:ARRS) last announced its earnings results on Wednesday, August 1st. The communications equipment provider reported $0.72 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.02). The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.78 billion. ARRIS International had a net margin of 1.83% and a return on equity of 16.82%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 earnings per share. equities analysts forecast that ARRIS International will post 2.59 earnings per share for the current year.

In other news, SVP Philip Charles Baldock sold 1,394 shares of ARRIS International stock in a transaction that occurred on Monday, July 9th. The stock was sold at an average price of $25.47, for a total value of $35,505.18. Following the completion of the transaction, the senior vice president now owns 12,691 shares in the company, valued at approximately $323,239.77. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP David Potts sold 2,848 shares of ARRIS International stock in a transaction that occurred on Tuesday, July 10th. The stock was sold at an average price of $25.90, for a total value of $73,763.20. Following the completion of the transaction, the executive vice president now owns 99,167 shares of the company’s stock, valued at approximately $2,568,425.30. The disclosure for this sale can be found here. Insiders have acquired a total of 5,040 shares of company stock worth $120,666 over the last 90 days. 1.00% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Cerebellum GP LLC grew its position in shares of ARRIS International by 163.9% in the 2nd quarter. Cerebellum GP LLC now owns 6,913 shares of the communications equipment provider’s stock worth $169,000 after acquiring an additional 4,293 shares in the last quarter. Delphi Management Inc. MA acquired a new position in shares of ARRIS International in the 2nd quarter worth approximately $212,000. Levin Capital Strategies L.P. acquired a new position in shares of ARRIS International in the 1st quarter worth approximately $266,000. PNC Financial Services Group Inc. grew its position in shares of ARRIS International by 37.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 12,045 shares of the communications equipment provider’s stock worth $320,000 after acquiring an additional 3,287 shares in the last quarter. Finally, Hartford Investment Management Co. acquired a new position in shares of ARRIS International in the 2nd quarter worth approximately $305,000. Institutional investors own 87.26% of the company’s stock.

ARRIS International Company Profile

ARRIS International plc, together with its subsidiaries, provides entertainment, communications, and networking technology and solutions worldwide. It operates through three segments: Customer Premises Equipment, Network & Cloud, and Enterprise Networks. The Customer Premises Equipment segment offers digital subscriber lines and cable modems, broadband gateways, set-top boxes, and video gateways.

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Analyst Recommendations for ARRIS International (NASDAQ:ARRS)

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