The shares of ARRIS International plc (NASDAQ:ARRS) currently has mean rating of 1.9 while 4 analyst have recommended the shares as ‘BUY’ ,2 recommended as ‘OUTPERFORM’ and 1 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell
The mean price target for the shares of ARRIS International plc (NASDAQ:ARRS) is at $32.71 while the highest price target suggested by the analysts is $40.00 and low price target is $27.00. The mean price target is calculated keeping in view the consensus of 7 brokerage firms.
The company’s mean estimate for sales for the current quarter ending Jun 16 is 1.70B by 6 analysts. The means estimate of sales for the year ending Dec 16 is 6.77B by 7 analysts.
The average estimate of EPS for the current fiscal quarter for ARRIS International plc (NASDAQ:ARRS) stands at $0.65 while the EPS for the current year is fixed at $2.60 by 6.00 analysts
The next one year’s EPS estimate is set at 3.07 by 7.00 analysts while a year ago the analysts suggested the company’s EPS at $2.60. The analysts also projected the company’s long-term growth at 20.00% for the upcoming five years
In its latest quarter ended on 31 Mar 2016 , ARRIS International plc (NASDAQ:ARRS) reported earnings of $0.47. The posted earnings topped the analyst’s consensus by $0.07 with the surprise factor of 17.50%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
ARRIS International plc (NASDAQ:ARRS) traded down -0.88% during trading on Friday, hitting $22.92 . The stock had a trading volume of 2.9 M shares. The firm has a 50 day moving average of $23.24 and a 200-day moving average of $24.59. The stock has a market cap of $4.30B. On Dec 4, 2015 the shares registered one year high at $32.93 and the one year low was seen on Feb 18, 2016.
On June 7, 2016 ARRIS International plc (NASDAQ:ARRS) has selected the ZD4500 set-top from ARRIS International, plc (ARRS) for its new, immersive 4K service.
Launching, the new 4K service from NOS will offer the highest-quality entertainment experience in the country, allowing consumers to take full advantage of the growing accessibility of 4K TVs as well as new 4K movies and sports broadcasts. This deployment is the latest in a series of strategic projects between NOS and ARRIS to deliver industry-leading broadband and TV services across Portugal, positioning NOS for success in a highly competitive market.
“ARRIS is our long-term, strategic partner for delivering new broadband and TV services in Portugal, and brings leadership in RDK, 4K and advanced DOCSIS solutions to our latest, transformative service. For the transition to 4K video, we selected ARRIS’s HEVC set-tops to unite our new application framework and user interface and bring our subscribers the future of TV,” said Pedro Bandeira, Development Director, NOS. “ARRIS has delivered an exceptional level of support to ensure the success of our 4K service launch.”
The ARRIS ZD4500 set-top integrates with a new RDK 2.1-based application framework from Espial and NOS’s new immersive user interface to offer an intuitive and exciting entertainment experience for NOS subscribers. The set-top features High Efficiency Video Coding (HEVC)—next-generation compression technology that’s twice as efficient as current video delivery standards—to provide 4K content that offers a life-like viewing experience with four times the resolution of full HD and unprecedented frame rates and colour depth.
“Our close collaboration with NOS ensures a seamless integration of hardware, application framework, and UI as we usher in a new 4K era for Portugal,” said Steve McCaffery, Managing Director of International Sales and Business Operations for ARRIS’s International Business Operations Group. “Bringing our global RDK experience to Europe, combined with our expertise in HEVC ensures NOS can deliver the compelling experience that 4K promises.”
ARRIS is demonstrating the ZD4500 4K set-top with NOS’s new user interface this week at ANGA COM 2016 on its stand E21.