.png "Arris Group (NASDAQ: ARRS)")
In a report released today, Tim Savageaux from Northland Securities reiterated a Hold rating on Arris Group (NASDAQ: ARRS), with a price target of $23. The company’s shares opened today at $23.76, close to its 52-week low of $22.60.
According to TipRanks.com, Savageaux is a 3-star analyst with an average return of 4.2% and a 50.6% success rate. Savageaux covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, Acacia Communications, and Luna Innovations Inc.
Arris Group has an analyst consensus of Moderate Buy, with a price target consensus of $30.
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Based on Arris Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $35.75 million. In comparison, last year the company had a net profit of $30.34 million.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock.
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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.
