Breaking News
Get 45% Off 0
Is it finally time to sell Nvidia ahead of earnings?
Read More

Here's Why You Should Hold On To ARRIS (ARRS) Stock Now

By Zacks Investment ResearchStock MarketsDec 20, 2017 09:25PM ET
www.investing.com/analysis/heres-why-you-should-hold-on-to-arris-arrs-stock-now-200275111
Here's Why You Should Hold On To ARRIS (ARRS) Stock Now
By Zacks Investment Research   |  Dec 20, 2017 09:25PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
ARRS
0.00%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
AVGO
-2.59%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
SEAC
0.00%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
WSTL
0.00%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ANET
+0.20%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

On Dec 20, we issued an updated research report on ARRIS International plc (NASDAQ:ARRS) . The stock has been downgraded to a Zacks Rank #3 (Hold) from a Zacks Rank #2 (Buy).

Positives

The company has an impressive earnings history, having surpassed the Zacks Consensus Estimate in each of the preceding four quarters with an average beat of 10%.

Moreover, we expect the company to perform well on the bottom-line front in the fourth quarter on its strong product portfolio. The company expects earnings (adjusted) between 74 cents and 80 cents in the fourth quarter of 2017.

We are impressed by the company’s recently inked deals to broaden its product portfolio. ARRIS recently completed the acquisition of Ruckus Wireless and ICX Switch units from Broadcom (NASDAQ:AVGO). The buyout is expected to be value accretive to its earnings in the first year.

The company’s efforts to reward shareholders through buybacks are also encouraging. ARRIS has bought back 5.7 million shares for $147 million so far this year.

On another positive note, the stock has seen the Zacks Consensus Estimate for current-quarter earnings being revised 1.3% upward in the last 30 days. Moreover, for 2017, the same has been revised 1.2% upward over the last 60 days.

The company has a VGM score of A, which further bolsters its attractive status. Here V stands for Value, G stands for Growth and M stands for Momentum.

In view of the above positives, we believe investors should retain the ARRIS stock in their portfolio now.

Key Picks

Some better-ranked stocks in the same space are Arista Networks, Inc. (NYSE:ANET) , SeaChange International, Inc. (NASDAQ:SEAC) and Westell Technologies, Inc. (NASDAQ:WSTL) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Shares of Arista Networks, SeaChange International and Westell Technologies have surged more than 100%, 60% and 53%, respectively, in a year.

Zacks’ Best Private Investment Ideas

While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.

Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.

Click here for Zacks' private trades >>



ARRIS International PLC (ARRS): Free Stock Analysis Report

SeaChange International, Inc. (SEAC): Free Stock Analysis Report

Westell Technologies, Inc. (WSTL): Free Stock Analysis Report

Arista Networks, Inc. (ANET): Free Stock Analysis Report

Original post

Here's Why You Should Hold On To ARRIS (ARRS) Stock Now
 

Related Articles

Here's Why You Should Hold On To ARRIS (ARRS) Stock Now

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Apple
Continue with Google
or
Sign up with Email