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Last $30.81 USD
Change Today +0.40 / 1.32%
Volume 1.1M
ARRS On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

arris group inc (ARRS) Snapshot

Open
$30.70
Previous Close
$30.41
Day High
$31.20
Day Low
$30.55
52 Week High
04/23/15 - $37.50
52 Week Low
10/15/14 - $23.71
Market Cap
4.5B
Average Volume 10 Days
1.7M
EPS TTM
$1.54
Shares Outstanding
145.8M
EX-Date
--
P/E TM
20.0x
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., ARRIS Enterprises, Inc., ARRIS International Limited Enter into Amended and Restated Credit Agreement

On June 18, 2015, ARRIS Group, Inc., ARRIS Enterprises, Inc., ARRIS International Limited, and certain ARRIS subsidiaries, as borrowers, and Bank of America, N.A., as administrative agent, swing line lender and L/C lender and the other lender parties thereto entered into an Amended and Restated Credit Agreement (the Amended Credit Agreement), which amends and restates ARRIS' existing Credit Agreement dated March 27, 2013, as amended (the Existing Credit Agreement). The Amended Credit Agreement provides for senior secured credit facilities comprised of a Revolving Credit Facility of $500 million, a Term Loan A Facility of $990 million, a delayed draw Term A-1 Loan Facility of $800 million and a Term Loan B Facility of approximately $544 million. Funding of the Term Loan A Facility refinanced the term loan A facility under the Existing Credit Agreement while the Term Loan B Facility is a continuation of the term loan B facility under the Existing Credit Agreement. Funding of the Term A-1 Loan Facility under the Amended Credit Agreement will be available at the closing of the previously-announced combination (the Combination) of ARRIS with Pace plc (Pace). Amounts available under the Term A-1 Loan Facility will be sufficient to fund the cash component of the consideration being paid to Pace shareholders in connection with the Combination. Availability of the loans under the Term A-1 Loan Facility is subject to certain funds certain provisions customary in the UK market. Borrowings under the senior secured credit facilities will be secured by first priority liens on substantially all of the assets of ARRIS and certain of its present and future subsidiaries who are or become parties to, or guarantors under, the Amended Credit Agreement as well as by first priority liens on substantially all of the assets of New ARRIS and, within a period of time after the completion of the Combination, by substantially all of the assets of Pace and/or certain of its subsidiaries located in the United States, Canada and England. The Amended Credit Agreement contains usual and customary limitations on indebtedness, liens, restricted payments, acquisitions and asset sales in the form of affirmative, negative and financial covenants, which are customary for financings of this type. The Amended Credit Agreement provides terms for mandatory prepayments and optional prepayments and commitment reductions. The Amended Credit Agreement also includes events of default, which are customary for facilities of this type (with customary grace periods, as applicable), including provisions under which, upon the occurrence of an event of default, all amounts outstanding under the credit facilities may be accelerated, subject, however, to the funds certain provisions with respect to the Term A-1 Loan Facility. The Amended Credit Agreement extends the maturity dates of the Revolving Credit Facility and Term Loan A Facility to June 18, 2020. The maturity date of the Term Loan B Facility remains on April 17, 2020. The Term A-1 Loan Facility will mature on June 18, 2020. Under the Amended Credit Agreement, ARRIS and, following the consummation of the Combination New ARRIS, will be required to maintain a minimum consolidated interest coverage ratio of not less than 3.50:1.00. ARRIS and, following the consummation of the Combination New ARRIS, will also be restricted by a maximum consolidated net leverage ratio of to 3.75:1.00, which ratio reduces to 3.50:1.00 on the first anniversary of the Combination.

Personalized Media Communications, LLC Completes Patent Licensing Agreement with Arris Group, Inc. and its Subsidiaries

Personalized Media Communications, LLC has successfully concluded a new patent licensing agreement with Arris Group, Inc. and its subsidiaries. Both parties have agreed that the details of the licensing agreement are confidential.

ARRIS Group Seeks Acquisitions

ARRIS Group, Inc. (NasdaqGS:ARRS) is looking for acquisition opportunities. Bob Stanzione, Chairman, President and Chief Executive Officer said, "We look at both of those as potential uses of cash, or additional leverage for that matter, to either use it for stock buybacks or for accretive Mergers & Acquisitions opportunities."

 

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Industry Analysis

ARRS

Industry Average

Valuation ARRS Industry Range
Price/Earnings 15.0x
Price/Sales 0.8x
Price/Book 2.6x
Price/Cash Flow 8.4x
TEV/Sales 0.4x
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