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Arris International PLC
Type
Public
Traded as NASDAQ: ARRS
S&P 400 Component
Industry Telecommunications
Founded 1995
Headquarters Suwanee, Georgia, US
Key people
Bruce McClelland, CEO
Revenue Increase$6.829 billion USD (2015)
Operating income
Increase$240.2 million USD (2015)
Net income
Increase$92.2 million USD (2015)
Total assets $4.52 billion USD (2015)
Total equity $1.79 billion USD (2015)
Number of employees
6,660 as of February 2015
Parent Nortel Networks, Antec (now known as Arris, 1995–2001)
Website www.arris.com

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.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2019 2019-07-30 Future report Set alerts
Q1 2019 2019-04-29 Future report Set alerts
Q4 2018 2019-02-21 0.76 0.25
Q3 2018 2018-11-08 0.68 0.26
Q2 2018 2018-08-01 0.72 0.19
Q1 2018 2018-05-01 0.73 -0.07
Q4 2017 2018-02-14 0.88 0.07
Q3 2017 2017-11-01 0.80 0.47
Q2 2017 2017-08-02 0.63 0.16
Q1 2017 2017-05-03 0.40 -0.21

Ratings

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

Funds

In ARRS 0 funds of 2183 total. Show all

Fund name Ticker shares

Major Shareholders

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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