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Here's Why You Should Retain ARRIS (ARRS) Stock for Now
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ARRIS International Plc has an impressive earnings history having outperformed the Zacks Consensus Estimate in each of the preceding four quarters, with an average beat of 6.3%. Also, the company is expected to perform well on the bottom-line front in the third quarter of 2017 driven by a strong product portfolio. The company expects earnings (adjusted) between 66 cents and 71 cents in the same period.
Additionally, the Zacks Consensus Estimate for full-year 2017 has been revised upward approximately 2% in the last 60 days.
The company’s recent deals to broaden product portfolio are also impressive. Earlier in February, ARRIS had entered into a deal with Broadcom to purchase Brocade Communication’s Ruckus Wireless and ICX Switch units. The deal is expected to close by this year-end.
We are also encouraged by the company’s efforts to reward shareholders through buybacks. ARRIS has bought back 4.9 million shares for $127 million so far this year.
ARRIS’ trailing 12-month return on equity (ROE) supports growth potential. Not only has the company’s ROE of 14% remained roughly steady over the last year, it compares favorably with its industry’s ROE of 11%.
In view of the above positives, we believe investors should currently hold on to the ARRIS stock.
Shares of Arista Networks have soared more than 100% in a year. While SeaChange International shares have rallied 16.7% in the last six months, Turtle Beach shares have surged 25.9% over a period of three months.
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Here's Why You Should Retain ARRIS (ARRS) Stock for Now
ARRIS International Plc has an impressive earnings history having outperformed the Zacks Consensus Estimate in each of the preceding four quarters, with an average beat of 6.3%. Also, the company is expected to perform well on the bottom-line front in the third quarter of 2017 driven by a strong product portfolio. The company expects earnings (adjusted) between 66 cents and 71 cents in the same period.
Additionally, the Zacks Consensus Estimate for full-year 2017 has been revised upward approximately 2% in the last 60 days.
The company’s recent deals to broaden product portfolio are also impressive. Earlier in February, ARRIS had entered into a deal with Broadcom to purchase Brocade Communication’s Ruckus Wireless and ICX Switch units. The deal is expected to close by this year-end.
We are also encouraged by the company’s efforts to reward shareholders through buybacks. ARRIS has bought back 4.9 million shares for $127 million so far this year.
ARRIS’ trailing 12-month return on equity (ROE) supports growth potential. Not only has the company’s ROE of 14% remained roughly steady over the last year, it compares favorably with its industry’s ROE of 11%.
In view of the above positives, we believe investors should currently hold on to the ARRIS stock.
ARRIS International PLC Price and Consensus
ARRIS International PLC Price and Consensus | ARRIS International PLC Quote
Zacks Rank & Key Picks
ARRIS carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Computer and Technology sector are Arista Networks, Inc. (ANET - Free Report) , SeaChange International, Inc. (SEAC - Free Report) and Turtle Beach Corporation (HEAR - Free Report) . While Arista Networks sports a Zacks Rank #1 (Strong Buy), SeaChange International and Turtle Beach hold a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Arista Networks have soared more than 100% in a year. While SeaChange International shares have rallied 16.7% in the last six months, Turtle Beach shares have surged 25.9% over a period of three months.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>