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Last $26.82 USD
Change Today +0.49 / 1.86%
Volume 1.2M
ARRS On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

arris group inc (ARRS) Key Developments

Windstream Selects ARRIS Wireless Video Gateways and Set-Tops to Power Its Kinetic TV Service

Windstream is deploying NVG343 residential gateways and VIP Series IP set-tops from ARRIS Group, Inc. to power its next-generation Kinetic television service. Kinetic, which launched April 15, is available to more than 50,000 homes in Lincoln, Nebraska, and offers a new way of watching television that leverages the company's 100% fiber-backed network. The ARRIS NVG343 gateway and set-tops deliver ultra-fast wireless connections that support HD video streaming and whole-home DVR -- for high-quality digital TV anywhere in the house.

ARRIS Group, Inc. Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015

ARRIS Group, Inc. announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales of $1,260,077,000 against $1,429,071,000 a year ago. Operating income was $51,543,000 against $91,676,000 a year ago. Income before income taxes was $27,962,000 against $65,162,000 a year ago. Net income attributable to company was $16,758,000 against $39,024,000 a year ago. Net income per common share was $0.11 against $0.26 a year ago. Net cash provided by operating activities was $69,160,000 against $220,308,000 a year ago. Purchases of property, plant & equipment was $13,402,000 against $13,368,000 a year ago. Adjusted net income (a non-GAAP measure) was $0.53 per diluted share, as compared to $0.70 per diluted share for the second quarter 2014, a decrease of $0.17 per diluted share, or 24.3%. For the half year, the company reported net sales of $2,475,234,000 against $2,654,088,000 a year ago. Operating income was $97,260,000 against $129,663,000 a year ago. Income before income taxes was $52,242,000 against $83,966,000 a year ago. Net income attributable to company was $35,884,000 against $79,824,000 a year ago. Net income per common share was $0.24 against $0.54 a year ago. Net cash provided by operating activities was $5,897,000 against $247,301,000 a year ago. Purchases of property, plant & equipment was $24,321,000 against $26,292,000 a year ago. Adjusted net income was $0.97 per diluted share for 2015 is a decrease of $0.20, or 17.1%, as compared to the first six months of 2014 adjusted net income of $1.17 per diluted share. With respect to the third quarter 2015, the company expects revenues will be in the range of $1,210 million to $1,260 million, with adjusted net income per diluted share in the range of $0.52 to $0.58 and GAAP net income per diluted share in the range of $0.17 to $0.23. The company estimates its non-GAAP tax rate to be about 35%.

ARRIS Group Inc Introduces Hosted Carrier Wi-Fi Platform

ARRIS Group Inc. introduced ARRIS Hosted Service Provider (SP) Wi-Fi, a hosted version of its managed Service Provider Wi-Fi solution for expanding Wi-Fi service offerings. The solution will be demonstrated at the NCTC Independent Show. The new hosted solution minimizes time to market, capital spend, and expertise requirements "allowing operators to scale quickly to carrier-class deployments and address key verticals, such as Small and Medium Businesses (SMB), Multiple Dwelling Units (MDU), public spaces, venues and educational environments. ARRIS Hosted SP Wi-Fi also integrates with existing operator systems "centralizing management and reporting and incorporating existing systems into the solution. ARRIS also offers a full set of carrier-class Wi-Fi services, including business case analysis, lab proof of concept and validations, OSS/BSS integrations, managed services and field design and deployment, so that operators can tailor features and services to their customers' specific needs.

ARRIS Group, Inc. Presents at UBS SMID Cap One-on-One Conference, Aug-04-2015

ARRIS Group, Inc. Presents at UBS SMID Cap One-on-One Conference, Aug-04-2015 . Venue: Boston Harbor Hotel, 70 Rowes Wharf, Boston, MA 02110, United States. Speakers: Robert Puccini, Vice President of Investor Relations, Robert J. Stanzione, Chairman and Chief Executive Officer.

ARRIS Group, Inc. Revises Earnings Guidance for the Second Quarter of Fiscal 2015

ARRIS Group, Inc. revised earnings guidance for the second quarter of fiscal 2015. For the quarter, the company currently expects revenue between $1,250 million and $1,260 million compared to previous guidance of between $1,270 million and $1,310 million. Adjusted net income per diluted share expected between $0.51 and $0.55 compared to previous guidance of between $0.53 and $0.58. GAAP net income per diluted share expected between $0.09 and $0.13 compared to previous guidance of between $0.17 and $0.22.

 

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Price/Earnings 14.1x
Price/Sales 0.8x
Price/Book 2.3x
Price/Cash Flow 7.7x
TEV/Sales 0.3x
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