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Last $34.36 USD
Change Today +0.69 / 2.03%
Volume 3.4M
ARRS On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

arris group inc (ARRS) Key Developments

ARRIS Group, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015

ARRIS Group, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of $1,215,158,000 against $1,225,017,000 a year ago. Operating income was $45,718,000 against $37,986,000 a year ago. Income before income taxes was $24,280,000 against $18,804,000 a year ago. Net income was $19,126,000 or $0.13 basic and diluted per share against $40,800,000 or $0.28 diluted per share a year ago. Net cash used in operating activities was $63,263,000 against net cash provided by operating activities of $26,993,000 a year ago. Purchases of property, plant & equipment were $10,919,000 against $12,924,000 a year ago. Purchase of intangible assets was $34,340,000. Adjusted net income (a non-GAAP measure) was $0.44 per diluted share, as compared to $0.47 per diluted share for the first quarter 2014, a decrease of $0.03 per diluted share or 6%. Adjusted net income decreased $0.34 per diluted share, or 44%, as compared to the fourth quarter 2014 adjusted net income of $0.78 per diluted share. The company provided earnings guidance for the second quarter of 2015. For the quarter, the company expects that revenues will grow and will be in the range of $1,270 million to $1,310 million, with adjusted net income per diluted share in the range of $0.53 to $0.58 and GAAP net income per diluted share in the range of $0.17 to $0.22.

ARRIS Group, Inc., Pace plc - M&A Call

To discuss ARRIS Group, Inc.'s acquisition of Pace plc

ARRIS Group, Inc. to Report Q1, 2015 Results on Apr 29, 2015

ARRIS Group, Inc. announced that they will report Q1, 2015 results on Apr 29, 2015

ARRIS Group, Inc., Q1 2015 Earnings Call, Apr 29, 2015

ARRIS Group, Inc., Q1 2015 Earnings Call, Apr 29, 2015

ARRIS Group Inc. and Charter Communications Establish a Joint Venture to Acquire ActiveVideo®

ARRIS Group Inc. and Charter Communications announced that they established a joint venture that has agreed to acquire ActiveVideo® for approximately $135 million. ARRIS will own 65% of the joint venture company and will be the sales channel for ActiveVideo's CloudTV platform. Closing of the transaction is expected to occur in the second quarter, subject to customary closing conditions, including receipt of necessary regulatory approvals. ActiveVideo is the developer of CloudTV™, the only cloud-based software platform enabling service providers, content aggregators, and consumer electronic (CE) manufacturers to rapidly deploy new services by virtualizing consumer premises equipment (CPE) functions in the cloud. CloudTV enables the delivery of next-gen user interfaces, online content, and interactive advertising for TV to millions of set-tops and connected devices. ActiveVideo's CloudTV platform and proven intellectual property (39 issued patents and 64 pending) will complement ARRIS's cloud portfolio. ARRIS's service provider relationships, global reach and installed base of CPE are expected to accelerate adoption of ActiveVideo's technology. ActiveVideo's platform powers Charter's new fully featured, cloud-based Spectrum Guide. Charter expects to launch Spectrum Guide on Worldbox, as well as on legacy boxes currently deployed within the Charter footprint. Jeff Miller will continue to lead ActiveVideo as CEO.

 

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ARRS

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Valuation ARRS Industry Range
Price/Earnings 16.7x
Price/Sales 0.9x
Price/Book 3.0x
Price/Cash Flow 9.3x
TEV/Sales 0.5x
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