The PRES, CONSUMER PREMISES GROUP of Arris Group (NASDAQ: ARRS) is Selling Shares

By Carrie Williams

Yesterday, the PRES, CONSUMER PREMISES GROUP of Arris Group (NASDAQ: ARRS), Lawrence Robinson, sold shares of ARRS for $256.9K.

Based on Arris Group’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.73 billion and quarterly net profit of $88.32 million. In comparison, last year the company earned revenue of $1.73 billion and had a net profit of $48.16 million. The company has a one-year high of $31.52 and a one-year low of $24.75. ARRS’s market cap is $5.2B and the company has a P/E ratio of 31.94.

Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $33.8, reflecting a -17.8% downside. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy ARRS with a $33 price target.

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ARRIS International Plc engages in entertainment and communications technology. It combines hardware, software and services across the cloud, network, and home to power television and Internet for millions of people around the globe. The company operates through the following segments: Network & Cloud and Customer Premises Equipment.