ARRIS International PLC (ARRS) Receiving Somewhat Positive Press Coverage, Report Shows
Media headlines about ARRIS International PLC (NASDAQ:ARRS) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative news coverage by monitoring 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 0.23 on Accern’s scale. Accern also assigned press coverage about the communications equipment provider an impact score of 46.434368088396 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- IHS Markit Score downgrades ARRIS International plc to 32 out of 100, ranking positively in only one out of three available IHS Markit categories. (finance.yahoo.com)
- ARRIS International plc – Ordin (ARRS) Ownership Decreased by Neuberger Berman Group LLC (highlightpress.com)
- See what the IHS Markit Score report has to say about ARRIS International plc. (finance.yahoo.com)
- ARRIS International plc – Ordin (ARRS) Ownership Decreased by Neuberger Berman Group LLC – Highlight Press (highlightpress.com)
- What Kind of Picture Are the Technicals Painting For Arris International PLC (ARRS)? – Evergreen Caller (evergreencaller.com)
ARRS has been the subject of a number of analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $33.00 price objective on shares of ARRIS International PLC in a report on Sunday, April 23rd. Zacks Investment Research upgraded shares of ARRIS International PLC from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 25th. Jefferies Group LLC restated a “buy” rating and set a $34.00 price objective on shares of ARRIS International PLC in a report on Friday, May 5th. TheStreet cut shares of ARRIS International PLC from a “b-” rating to a “c” rating in a report on Wednesday, May 3rd. Finally, ValuEngine cut shares of ARRIS International PLC from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 31st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. ARRIS International PLC presently has a consensus rating of “Buy” and an average price target of $32.90.
ARRIS International PLC (ARRS) opened at 26.90 on Friday. The firm has a market cap of $5.04 billion, a PE ratio of 40.63 and a beta of 1.31. ARRIS International PLC has a 12-month low of $24.75 and a 12-month high of $31.52. The stock has a 50 day moving average of $28.09 and a 200 day moving average of $27.54.
ARRIS International PLC (NASDAQ:ARRS) last announced its quarterly earnings data on Wednesday, August 2nd. The communications equipment provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.57 by $0.06. The company 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 company’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 EPS. On average, equities research analysts anticipate that ARRIS International PLC will post $2.54 EPS for the current fiscal year.
In related news, EVP David Potts sold 2,502 shares of ARRIS International PLC stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $27.67, for a total value of $69,230.34. Following the completion of the sale, the executive vice president now owns 90,592 shares of the company’s stock, valued at approximately $2,506,680.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Stephen J. Mccaffery sold 12,609 shares of ARRIS International PLC stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $30.00, for a total transaction of $378,270.00. Following the completion of the sale, the insider now directly owns 9,127 shares of the company’s stock, valued at approximately $273,810. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,255 shares of company stock valued at $676,591. Insiders own 1.20% of the company’s stock.
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.
Receive News & Ratings for ARRIS International PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARRIS International PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.