UP!
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Type
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Public |
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| Traded as | NASDAQ: ARRS S&P 400 Component |
| Industry | Telecommunications |
| Founded | 1995 |
| Headquarters | Suwanee, Georgia, US |
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Key people
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Bruce McClelland, CEO |
| Revenue |  $6.829 billion USD (2015) |
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Operating income
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$240.2 million USD (2015) |
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Net income
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$92.2 million USD (2015) |
| Total assets | $4.52 billion USD (2015) |
| Total equity | $1.79 billion USD (2015) |
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Number of employees
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6,660 as of February 2015 |
| Parent | Nortel Networks, Antec (now known as Arris, 1995–2001) |
| Website | www |
Arris International Plc is a telecommunications equipment manufacturing company incorporated in England and Wales that provides cable operators with high-speed data, video and telephony systems for homes and businesses. The company's principal executive offices are located in Suwanee, Georgia, and it has design, engineering, manufacturing, distribution, service and sales office locations worldwide.
Two of the company's popular home telephony modems are the TM402P and the TM502G. The firm also produces the SBG6580 wireless cable modem-and-router (residential gateway) unit, among other telecommunications and data-transfer products.
In November, 2001, Arris announced that it would acquire the assets of Cadant Inc., a Naperville, IL-based privately held designer and manufacturer of cable modem termination systems. The acquisition was completed on January 31, 2002.
On September 23, 2007, Arris purchased C-COR.
On September 1, 2009, Arris acquired certain assets of EG Technology, Inc., (EGT), an Atlanta-based company. That same month, Arris purchased the assets of Digeo, Inc. (including Moxi), for approximately $20 million.
On October 11, 2011, Arris acquired BigBand Networks, for $172 million, or $53 million net of the estimated cash on hand at BigBand.
On December 19, 2012, Arris announced that it would acquire Motorola Mobility's home unit (the former General Instrument company) from Google for $2.35 billion in cash and stock. The acquisition was completed on April 17, 2013. With that acquisition, Arris grew its presence in the set-top box market.
On April 22, 2015, Arris Group agreed to acquire set top box manufacturer Pace plc of the United Kingdom, and completed the acquisition on Jan. 4, 2016 in a stock and cash deal that valued Pace at UKP £1.4Bn (USD $2.1Bn). The resultant combined group is incorporated in the United Kingdom, but operationally managed from Arris's location in Suwanee, Georgia, United States. Pace shareholders own 24% of the combined company, and Arris shareholders 76%.
On February 22, 2017, Arris Group announced an agreement to acquire the Ruckus Wireless unit from Broadcom Limited for $800 million.
On August 19, 2014, Arris announced a sponsorship of NASCAR driver Carl Edwards. Edwards drove the number 19 Toyota Camry in the Sprint Cup Series for Joe Gibbs Racing from 2015 to 2016 until he left the sport in January 2017. Starting with the 2017 Daytona 500, Daniel Suárez replaced Edwards in the Arris-sponsored No. 19 Camry for Joe Gibbs Racing.
| 2016-06-10 | Reiterated Rating | Jefferies Group | Buy | $40.00 to $31.00 |
| 2016-06-01 | Reiterated Rating | RBC Capital | Buy | |
| 2016-06-01 | Reiterated Rating | Royal Bank Of Canada | Buy | |
| 2016-05-05 | Boost Price Target | RBC Capital | Outperform | $29.00 to $31.00 |
| 2016-05-05 | Boost Price Target | Needham & Company LLC | Buy | $28.00 to $30.00 |
| 2016-03-16 | Initiated Coverage | RBC Capital | Buy | |
| 2016-03-15 | Reiterated Rating | Goldman Sachs | Outperform | $29.00 |
| 2016-03-15 | Reiterated Rating | RBC Capital | Outperform | $29.00 |
| 2016-03-15 | Reiterated Rating | Goldman Sachs Group Inc. | Outperform | $29.00 |
| 2016-03-14 | Downgrade | Goldman Sachs | Buy to Neutral | $39.00 to $26.00 |
| 2016-02-18 | Lower Price Target | Barclays | Overweight | $41.00 to $37.00 |
| 2016-02-18 | Lower Price Target | Raymond James | $38.00 to $34.00 | |
| 2016-02-18 | Lower Price Target | Goldman Sachs | Buy | $39.00 to $34.00 |
| 2016-02-18 | Lower Price Target | Needham & Company LLC | Buy | $34.00 to $28.00 |
| 2016-02-18 | Lower Price Target | Raymond James Financial Inc. | $38.00 to $34.00 | |
| 2016-02-18 | Lower Price Target | Barclays PLC | Overweight | $41.00 to $37.00 |
| 2016-01-11 | Reiterated Rating | Barclays | Overweight | $41.00 |
| 2015-10-29 | Lower Price Target | RBC Capital | Outperform | $36.00 to $35.00 |
| 2015-10-29 | Lower Price Target | Raymond James | Strong-Buy | $41.00 to $38.00 |
| 2015-10-29 | Reiterated Rating | Needham & Company LLC | Buy | $36.00 to $34.00 |
| 2015-09-22 | Reiterated Rating | Goldman Sachs | Buy | |
| 2015-09-10 | Lower Price Target | Brean Capital | Buy | $43.00 to $40.00 |
| 2015-09-09 | Reiterated Rating | Needham & Company LLC | Buy | $36.00 |
| 2015-09-09 | Boost Price Target | Raymond James | Strong-Buy | $39.00 to $42.00 |
| 2015-07-30 | Reiterated Rating | Brean Capital | Buy | $40.00 |
| 2015-07-30 | Lower Price Target | Needham & Company LLC | Buy | $38.00 to $36.00 |
| 2015-07-30 | Reiterated Rating | RBC Capital | Outperform | $40.00 to $38.00 |
| 2015-07-23 | Initiated Coverage | Drexel Hamilton | Buy | $40.00 |
| 2015-07-14 | Reiterated Rating | Needham & Company LLC | Buy | $40.00 to $38.00 |
| 2015-07-13 | Lower Price Target | Brean Capital | Buy | $43.00 to $40.00 |
| 2015-06-23 | Reiterated Rating | Brean Capital | Buy | $44.00 to $43.00 |
| 2015-05-05 | Upgrade | Goldman Sachs | Neutral to Buy | $38.00 to $42.00 |
| 2015-04-30 | Upgrade | Raymond James | Outperform to Strong-Buy | |
| 2015-04-23 | Boost Price Target | Brean Capital | Buy | $34.00 to $44.00 |
| 2015-04-20 | Lower Price Target | RBC Capital | Outperform | $38.00 to $36.00 |
| 2015-03-10 | Upgrade | Barclays | Equal Weight to Overweight | $30.00 to $36.00 |
| 2015-02-19 | Lower Price Target | National Alliance Securities | Buy | $35.00 to $33.00 |
| 2015-02-19 | Set Price Target | Barclays | Hold | $31.00 to $30.00 |
| 2015-02-17 | Set Price Target | Brean Capital | Buy | $36.00 to $36.00 |
| 2015-01-23 | Downgrade | Raymond James | Strong-Buy to Outperform | $39.00 to $35.00 |
| 2014-10-30 | Reiterated Rating | Barclays | Equal Weight | $32.00 to $31.00 |
| 2014-10-24 | Reiterated Rating | Brean Capital | Buy | $40.00 to $36.00 |
| 2014-10-08 | Initiated Coverage | Goldman Sachs | Neutral | $30.00 |
| 2014-08-01 | Reiterated Rating | Raymond James | Strong-Buy | $37.00 to $39.00 |
| 2014-08-01 | Reiterated Rating | Barclays | Equal Weight | $30.00 to $32.00 |
| 2014-08-01 | Boost Price Target | Needham & Company LLC | Buy | $34.00 to $36.00 |
| 2014-07-28 | Boost Price Target | Brean Capital | Buy | $33.00 to $40.00 |
| 2014-06-09 | Reiterated | RBC Capital Mkts | Outperform | $35 to $40 |
| 2014-06-09 | Boost Price Target | RBC Capital | Outperform | $35.00 to $40.00 |
| 2014-05-14 | Reiterated | RBC Capital Mkts | Outperform | $33 to $35 |
| 2014-05-12 | Upgrade | Stephens | Equal Weight to Overweight | |
| 2014-05-07 | Reiterated | RBC Capital Mkts | Outperform | $31 to $33 |
| 2014-05-07 | Reiterated | Needham | Buy | $32 to $34 |
| 2014-05-07 | Boost Price Target | National Alliance Securities | Buy | $32.00 to $36.00 |
| 2014-05-07 | Boost Price Target | Barclays | Equal Weight | $25.00 to $30.00 |
| 2014-05-07 | Reiterated Rating | Citigroup Inc. | Equal Weight | $25.00 to $30.00 |
| 2014-05-07 | Boost Price Target | Needham & Company LLC | Buy | $32.00 to $34.00 |
| 2014-05-07 | Boost Price Target | RBC Capital | Outperform | $31.00 to $33.00 |
| 2014-05-07 | Upgrade | Raymond James | Outperform to Strong-Buy | $31.50 to $37.00 |
| 2014-05-07 | Reiterated Rating | Brean Capital | Buy | $32.00 to $33.00 |
| 2014-02-20 | Reiterated | RBC Capital Mkts | Outperform | $28 to $31 |
| 2014-02-20 | Reiterated | Needham | Buy | $22 to $32 |
| 2014-02-20 | Boost Price Target | Needham & Company LLC | Buy | $22.00 to $32.00 |
| 2014-02-20 | Boost Price Target | RBC Capital | Outperform | $28.00 to $31.00 |
| 2014-02-13 | Reiterated Rating | Jefferies Group | Sell | $36.00 |
| 2014-02-12 | Upgrade | RBC Capital | Buy | $26.00 to $32.00 |
| 2014-02-12 | Boost Price Target | Brean Capital | $26.00 to $32.00 | |
| 2014-02-10 | Reiterated | UBS | Neutral | $17 to $26 |
| 2014-01-23 | Downgrade | Stephens | Overweight to Equal Weight | $28.00 |
| 2014-01-17 | Boost Price Target | Raymond James | $31.50 | |
| 2014-01-14 | Initiated Coverage | National Alliance Securities | Buy | $30.00 |
| 2014-01-07 | Upgrade | RBC Capital | Sector Perform to Outperform | $18.00 to $28.00 |
| 2014-01-06 | Downgrade | Barclays | Overweight to Equal Weight | $24.00 |
| 2013-12-20 | Upgrade | Jefferies Group | Hold to Buy | $23.00 to $30.00 |
| 2013-12-05 | Initiated Coverage | Brean Capital | Buy | $26.00 |
| 2013-12-02 | Boost Price Target | Barclays | Overweight | $20.00 to $24.00 |
| 2013-10-31 | Boost Price Target | Needham & Company LLC | Buy | $18.00 to $20.00 |
| 2013-10-31 | Upgrade | Stephens | Equal Weight to Overweight | $18.00 to $22.00 |
| 2013-10-24 | Boost Price Target | Jefferies Group | Hold | $16.50 to $18.00 |
| 2013-09-11 | Initiated | Barclays | Overweight | $20 |
| 2013-02-07 | Reiterated | UBS | Neutral | $15.50 to $16.50 |
| 2012-12-21 | Reiterated | Needham | Buy | $15 to $18 |
| 2012-07-13 | Initiated | Maxim Group | Buy | $17 |
| 2012-02-09 | Upgrade | Collins Stewart | Neutral to Buy | $11 to $15 |
| 2011-11-21 | Reiterated | Kaufman Bros | Buy | $12 to $13 |
| 2011-08-18 | Initiated | Kaufman Bros | Buy | $12 |
| 2011-08-16 | Upgrade | Avondale | Mkt Perform to Mkt Outperform | $12 to $14 |
| 2011-02-10 | Reiterated | Barclays Capital | Equal Weight | $11 to $13 |
| 2010-12-23 | Initiated | Barclays Capital | Equal Weight | $11 |
| 2010-10-28 | Reiterated | RBC Capital Mkts | Sector Perform | $13 to $9 |
| 2010-09-09 | Reiterated | UBS | Neutral | $10.75 to $9 |
| 2010-08-20 | Downgrade | Avondale | Mkt Outperform to Mkt Perform | $14 to $10.50 |
| 2010-07-30 | Upgrade | Jefferies | Underperform to Hold | $10 to $10 |
| 2010-07-29 | Downgrade | CL King | Strong Buy to Accumulate | $15 to $12 |
| 2010-06-14 | Upgrade | CL King | Accumulate to Strong Buy | $15 |
| 2016-06-10 | Reiterated Rating | Jefferies Group | Buy | $40.00 to $31.00 |
| 2016-06-01 | Reiterated Rating | RBC Capital | Buy | |
| 2016-06-01 | Reiterated Rating | Royal Bank Of Canada | Buy | |
| 2016-05-05 | Boost Price Target | RBC Capital | Outperform | $29.00 to $31.00 |
| 2016-05-05 | Boost Price Target | Needham & Company LLC | Buy | $28.00 to $30.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In ARRS 31 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| BlackRock Fund Advisors | 7.65M |
| BlackRock Institutional Trust Company, N.A. | 5.77M |
| CORNERSTONE CAPITAL MANAGEMENT HOLDINGS LLC. | 0.78M |
| BlackRock Investment Management, LLC | 0.66M |
| Apex Capital Management | 0.46M |
| TIAA CREF INVESTMENT MANAGEMENT LLC | 0.38M |
| MANAGED ACCOUNT ADVISORS LLC | 0.34M |
| GW CAPITAL INC | 0.30M |
| RUSSELL FRANK CO/ | 0.30M |
| Breithorn Capital Management | 0.22M |
| TEACHERS ADVISORS INC | 0.20M |
| BlackRock Group LTD | 0.18M |
| EverPoint Asset Management, LLC | 0.14M |
| BLACKROCK ADVISORS LLC | 0.11M |
| AHL Partners LLP | 0.11M |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| CRAIG JOHN IAN ANDERSON | 0.06% (80400) | ARRS / |
| McLaughlin Robert President, N. American Sales | 0.02% (25160) | ARRS / |
| Burke John E SVP, Strategy & Business Dev | 0.02% (25160) | ARRS / ROVI / |
| KEARNEY MATTHEW B | 0.01% (17750) | ARRS / |
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