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Last $30.92 USD
Change Today +0.44 / 1.44%
Volume 2.0M
ARRS On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 5:20 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

arris group inc (ARRS) Snapshot

Open
$30.53
Previous Close
$30.48
Day High
$31.37
Day Low
$30.33
52 Week High
04/23/15 - $37.50
52 Week Low
10/15/14 - $23.71
Market Cap
4.5B
Average Volume 10 Days
1.6M
EPS TTM
$1.36
Shares Outstanding
145.8M
EX-Date
--
P/E TM
22.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for ARRIS GROUP INC (ARRS)

arris group inc (ARRS) Related Businessweek News

No Related Businessweek News Found

arris group inc (ARRS) Details

ARRIS Group, Inc. provides media entertainment and data communications solutions in the United States and internationally. The company operates in two segments, Customer Premises Equipment and Network & Cloud. The Customer Premises Equipment segment offers various product solutions, including set-top boxes, gateways, digital subscriber lines and cable modems, and embedded multimedia terminal adapters and voice/data modems that enable service providers to offer voice, video, and high-speed data services to residential and business subscribers. The Network & Cloud segment provides hybrid fiber coax equipment, edge routers, metro Wi-Fi, video management, storage, and distribution equipment for cable providers; and fiber-based and copper-based broadband transmission equipment for telecommunication providers. This segment also offers video headend management system for legacy moving picture experts group (MPEG)/digital video broadcasting (DVB) systems, as well as full Internet protocol video systems; support for multi-screen video management, protection, monetization, and delivery; and various products for performance management, configuration, and surveillance. ARRIS Group, Inc. was founded in 1969 and is headquartered in Suwanee, Georgia.

6,660 Employees
Last Reported Date: 02/27/15
Founded in 1969

arris group inc (ARRS) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $968.8K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $517.5K
President of Network & Cloud
Total Annual Compensation: $475.0K
President of Customer Premises Equipment
Total Annual Compensation: $475.0K
President of Worldwide Sales
Total Annual Compensation: $377.2K
Compensation as of Fiscal Year 2014.

arris group inc (ARRS) Key Developments

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. 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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Industry Analysis

ARRS

Industry Average

Valuation ARRS Industry Range
Price/Earnings 16.0x
Price/Sales 0.9x
Price/Book 2.6x
Price/Cash Flow 8.7x
TEV/Sales 0.4x
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