News headlines about ARRIS International PLC (NASDAQ:ARRS) have been trending somewhat positive on Thursday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ARRIS International PLC earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news coverage about the communications equipment provider an impact score of 46.1087486629906 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have impacted Accern’s analysis:

Shares of ARRIS International PLC (NASDAQ ARRS) opened at 27.98 on Thursday. ARRIS International PLC has a 52 week low of $24.75 and a 52 week high of $31.52. The stock has a 50 day moving average price of $27.39 and a 200-day moving average price of $27.29. The stock has a market cap of $5.25 billion, a P/E ratio of 42.27 and a beta of 1.30.

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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.06. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.66 billion. ARRIS International PLC had a return on equity of 13.97% and a net margin of 1.90%. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 EPS. Equities analysts predict that ARRIS International PLC will post $2.54 EPS for the current fiscal year.

ARRS has been the topic of several recent analyst reports. ValuEngine lowered ARRIS International PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. BidaskClub lowered ARRIS International PLC from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. BTIG Research began coverage on ARRIS International PLC in a report on Thursday, June 15th. They issued a “buy” rating and a $38.00 price objective on the stock. Northland Securities reissued a “hold” rating and issued a $24.00 price objective on shares of ARRIS International PLC in a report on Thursday, August 3rd. Finally, Zacks Investment Research lowered ARRIS International PLC from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.78.

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In related news, EVP David Potts sold 2,502 shares of the business’s stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $27.67, for a total value of $69,230.34. Following the transaction, the executive vice president now owns 90,592 shares in the company, valued at approximately $2,506,680.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen J. Mccaffery sold 12,609 shares of the business’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 transaction, the insider now owns 9,127 shares in the company, valued at approximately $273,810. The disclosure for this sale can be found here. Insiders sold a total of 23,255 shares of company stock worth $676,591 in the last 90 days. 0.90% of the stock is currently owned by insiders.

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.

Insider Buying and Selling by Quarter for ARRIS International PLC (NASDAQ:ARRS)

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