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ARRIS Group (NASDAQ:ARRS) was downgraded by equities researchers at TheStreet from a “buy” rating to a “hold” rating in a research report issued on Wednesday, American Banking News reports.

The analysts wrote, “ARRIS Group (ARRS) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.”

ARRIS Group (NASDAQ:ARRS) traded up 2.00% during mid-day trading on Wednesday, hitting $27.1125. 419,633 shares of the company’s stock traded hands. ARRIS Group has a 1-year low of $14.07 and a 1-year high of $31.42. The stock has a 50-day moving average of $28.59 and a 200-day moving average of $23.00. The company’s market cap is $3.861 billion.

ARRIS Group (NASDAQ:ARRS) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.09. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.16 billion. On average, analysts predict that ARRIS Group will post $2.09 earnings per share for the current fiscal year.

A number of other firms have also recently commented on ARRS. Analysts at Needham & Company LLC raised their price target on shares of ARRIS Group from $22.00 to $32.00 in a research note on Thursday, February 20th. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of ARRIS Group from $28.00 to $31.00 in a research note on Thursday, February 20th. They now have an “outperform” rating on the stock. Finally, analysts at Jefferies Group reiterated a “sell” rating on shares of ARRIS Group in a research note on Thursday, February 13th. They now have a $36.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. ARRIS Group has a consensus rating of “Hold” and an average price target of $28.95.

In other ARRIS Group news, CFO David Potts sold 6,620 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $28.17, for a total transaction of $186,485.40. Following the completion of the sale, the chief financial officer now directly owns 50,760 shares of the company’s stock, valued at approximately $1,429,909. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

ARRIS Group, Inc (NASDAQ:ARRS) is a global communications technology company.

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