In today’s session ARRIS International plc (ARRS) registered an unusually high (304) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the February, 2017 call, expecting serious ARRS increase. With 304 contracts traded and 6264 open interest for the Feb, 17 contract, it seems this is a quite bullish bet. The option with symbol: ARRS170217C00030000 closed last at: $1.65 or 32% up. About 403,411 shares traded hands. ARRIS International plc (NASDAQ:ARRS) has risen 30.93% since April 13, 2016 and is uptrending. It has outperformed by 27.00% the S&P500.
ARRIS International plc (NASDAQ:ARRS) Ratings Coverage
Out of 10 analysts covering Arris Group Inc. (NASDAQ:ARRS), 8 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 80% are positive. Arris Group Inc. has been the topic of 18 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Jefferies maintained the shares of ARRS in a report on Friday, July 29 with “Buy” rating. As per Wednesday, September 9, the company rating was upgraded by UBS. The firm has “Overweight” rating by Barclays Capital given on Thursday, February 18. The company was downgraded on Monday, September 21 by Zacks. Morgan Stanley initiated it with “Overweight” rating and $34 target price in Tuesday, September 20 report. Needham maintained the shares of ARRS in a report on Thursday, July 30 with “Buy” rating. The stock of ARRIS International plc (NASDAQ:ARRS) earned “Outperform” rating by RBC Capital Markets on Thursday, July 30. As per Monday, March 14, the company rating was downgraded by Goldman Sachs. The rating was maintained by Needham on Thursday, February 18 with “Buy”. The rating was initiated by Drexel Hamilton with “Buy” on Friday, July 24.
According to Zacks Investment Research, “ARRIS International plc is an IP, video and broadband technology company. The Company offers video infrastructure, delivery networks, home and business connectivity and devices as well as related products. ARRIS International plc, formerly known as ARRIS GROUP INC, is based in Suwanee, United States.”
Insitutional Activity: The institutional sentiment increased to 2.33 in 2016 Q2. Its up 2.32, from 0.01 in 2016Q1. The ratio is positive, as 3 funds sold all ARRIS International plc shares owned while 0 reduced positions. 6 funds bought stakes while 1 increased positions. They now own 810,526 shares or 32.66% less from 1.20 million shares in 2016Q1.
Paradigm Asset Management Limited Liability Corp holds 4,300 shares or 0% of its portfolio. The Pennsylvania-based Vantage Investment Advsrs Ltd Limited Liability Company has invested 0.02% in ARRIS International plc (NASDAQ:ARRS). Schwartz Inv Counsel last reported 0.52% of its portfolio in the stock. Baxter Bros accumulated 174,555 shares or 1.28% of the stock. Golden Gate Private Equity Inc last reported 280,763 shares in the company. Gemmer Asset Mgmt Lc has 0% invested in the company for 94 shares. Water Island Limited Liability Company, a New York-based fund reported 325 shares. Winch Advisory Ltd Com holds 0.36% or 427 shares in its portfolio. Janney Montgomery Scott Limited Com holds 7,811 shares or 0% of its portfolio.
ARRIS International plc focuses on entertainment and communications technology. The company has a market cap of $5.48 billion. The Firm operates in two divisions: Customer Premises Equipment , and Network & Cloud (N&C). It currently has negative earnings. The CPE segment’s products include Set-Top, Gateway, digital subscriber line (DSL) and Cable Modem, and Embedded Multimedia Terminal Adapter (E-MTA) and Voice/Data Modem.
ARRS Company Profile
ARRIS International plc (ARRIS), incorporated on April 20, 2015, focuses on entertainment and communications technology. The Firm operates in two divisions: Customer Premises Equipment (CPE), and Network & Cloud (N&C). The Firm 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. It is engaged in offering set-tops, digital video and IP television (IPTV) distribution systems, broadband access infrastructure platforms, and associated data and voice CPE, which it also sells directly to clients through retail channels. The Company’s solutions are complemented by an array of services, including technical support, repair and refurbishment, and system design and integration.
More notable recent ARRIS International plc (NASDAQ:ARRS) news were published by: Fool.com which released: “Why ARRIS International plc. Jumped 19% Higher Today” on July 28, 2016, also Fool.com with their article: “How ARRIS International plc Rose 30% in July” published on August 07, 2016, Fool.com published: “Why ARRIS International plc Stock Dropped Today” on February 18, 2016. More interesting news about ARRIS International plc (NASDAQ:ARRS) were released by: Seekingalpha.com and their article: “ARRIS International Plc (ARRS) Robert J. Stanzione on Q2 2016 Results …” published on July 28, 2016 as well as Seekingalpha.com‘s news article titled: “ARRIS International Plc (ARRS) Robert J. Stanzione on Q1 2016 Results …” with publication date: May 05, 2016.
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