Today, a Director at Arris Group (NASDAQ: ARRS), Timothy Bryan, bought shares of ARRS for $24.3K.
Following this transaction Timothy Bryan’s holding in the company was increased by 5.81% to a total of $442.1K. In addition to Timothy Bryan, 6 other ARRS executives reported Buy trades in the last month.
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Based on Arris Group’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.73 billion and quarterly net profit of $35.75 million. In comparison, last year the company earned revenue of $1.66 billion and had a net profit of $30.34 million. ARRS’s market cap is $4.41B and the company has a P/E ratio of 36.71. Currently, Arris Group has an average volume of 1.86M.
16 different firms, including Barclays and Brean Capital, currently also have a Buy rating on the stock. Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $28.60, reflecting a -16.7% downside.
The insider sentiment on Arris Group has been positive according to 60 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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ARRIS International Plc engages in entertainment, communications, and networking technology. It combines hardware, software and services across the cloud, network, and home to power television and Internet. The company operates through the following segments: Customer Premises Equipment; Network and Cloud; Enterprise Networks; and Others.
