Somewhat Positive Media Coverage Somewhat Unlikely to Affect ARRIS International (ARRS) Share Price
Headlines about ARRIS International (NASDAQ:ARRS) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. ARRIS International earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave press coverage about the communications equipment provider an impact score of 45.7269259906422 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s analysis:
- RCN First to Offer 4K Enabled Set-Top-Boxes in the Lehigh Valley (prweb.com)
- ARRIS International plc (ARRS) Expected to Announce Quarterly Sales of $1.76 Billion (americanbankingnews.com)
- Analysts Anticipate ARRIS International plc (ARRS) Will Post Earnings of $0.77 Per Share (americanbankingnews.com)
- ARRIS Group (ARRS) Reports Sale of Taiwan Manufacturing Facility to Pegatron (streetinsider.com)
- ARRIS to Sell Taiwan Manufacturing Facility to Pegatron (prnewswire.com)
Shares of ARRIS International (ARRS) traded up $1.50 during trading on Monday, hitting $24.67. The stock had a trading volume of 2,326,426 shares, compared to its average volume of 1,616,039. The firm has a market capitalization of $4,333.28, a PE ratio of 28.36, a PEG ratio of 0.88 and a beta of 1.28. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.65. ARRIS International has a 1-year low of $22.60 and a 1-year high of $30.79.
In other news, insider Lawrence Robinson sold 4,167 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $30.00, for a total value of $125,010.00. Following the completion of the sale, the insider now owns 71,721 shares of the company’s stock, valued at $2,151,630. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Patrick W. Macken sold 1,250 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $29.26, for a total value of $36,575.00. Following the completion of the sale, the senior vice president now directly owns 4,556 shares of the company’s stock, valued at approximately $133,308.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,347 shares of company stock valued at $290,307. 0.90% of the stock is currently owned by insiders.
ARRIS International Company Profile
ARRIS International plc is a media entertainment and data communications solutions provider. The Company operates in two segments: Customer Premises Equipment (CPE), and Network & Cloud (N&C). The Company enables service providers, including cable, telephone, and digital broadcast satellite operators, and media programmers to deliver media, voice and Internet Protocol (IP) data services to their subscribers.
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