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Arris Group Inc (ARRS)

- NASDAQ
  • Dec. 20, 2012, 10:29 AM
    Arris (ARRS +5.5%) is well off the AH highs it saw on news it's buying Motorola's pay-TV/broadband hardware unit from Google, but is still posting a decent gain. With the combined company sporting 500 customers in 70 countries, the deal will go a long way towards helping Arris diversify: right now, it gets about half its sales from Comcast and Time Warner. (previous: I, II)
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  • Dec. 20, 2012, 9:10 AM
    Premarket gainers: ROMA +57%. NYX +40%. ELOQ +30%. RAD +16%. ILMN +9%. VVUS +8%. NDAQ +7%. ARRS +6%. ICE +6%. JBL +5%.
    Losers: FOLD -44%. MDRX -16%. OSIR -10%. NBG -5%. BBBY -5%.
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  • Dec. 20, 2012, 12:40 AM
    Arris (ARRS) finished AH trading up 16.9%, and Google (GOOG) down 0.4%, following the Motorola Home deal. In a call discussing the deal, Arris claimed Google has agreed to cap Arris' liability in TiVo's patent suit against Motorola to "a very small number." Many think the total liability could be enormous (I, II). Long-term, Arris/Motorola should be a formidable rival to Cisco's (CSCO) Scientific Atlanta, but there's some potential for near-term share loss as integration issues are dealt with and customers try to re-diversify their sources.
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  • Dec. 19, 2012, 6:28 PM
    Google (GOOG) is selling Motorola Home for $2.35B ($2.05B in cash + $300M in stock) to Arris (ARRS). The division, which sells set-top boxes, infrastructure gear, and other hardware to pay-TV and broadband providers, had revenue of $3.4B in the 4 quarters ending Sep. 30. Arris, which closed with a market cap of just $1.65B, is halted. The deal will be "significantly accretive" to Arris' EPS and give Google a 15.7% stake in the company, which will probably have to raise a lot of debt to finance the purchase. (previous)
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  • Dec. 10, 2012, 2:08 AM
    Cable infrastructure vendor Arris (ARRS) and U.K. set-top box maker Pace have "made the most compelling bids" for Motorola Mobility's (GOOG) set-top/cable infra unit, Bloomberg reports. A complex financing structure in which Google maintains equity and patents might prevent a deal from closing this year. P-E firms are said to be uninterested in the unit, which has to contend with an industry shift towards cloud-based apps, and potentially costly litigation with TiVo. Cisco's (CSCO) cable unit could benefit from any turmoil related to the sale. (previous)
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  • Dec. 7, 2012, 3:35 AM
    Google (GOOG) has reportedly set today as the provisional deadline for the last round of bidding for Motorola's set-top box business, which could bring in offers of $1.5-2.5B. Potential suitors include cable-equipment maker Arris (ARRS), Britain's Pace, France's Technicolor and P-E firms. Despite its TV software, Google is selling the unit due to costs and because cable companies might be wary of doing business with Google.
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  • Nov. 15, 2012, 5:31 PM
    Jefferies' talks with cable industry contacts indicate at least one major North American cable provider is trying to "estimate how much additional capacity may be needed" to handle an Apple (AAPL) device. This leads it to think an Apple TV could be on the way, something it considers a positive for Arris (ARRS). One note of caution: the analyst in question, James Kisner, doesn't formally cover Apple. Peter Misek, the Jefferies analyst who does, has been speculating for a while about an Apple set. (more)
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  • Oct. 24, 2012, 4:50 PM
    Arris Group (ARRS): Q3 EPS of $0.22 in-line. Revenue of $357.5M (+30.2% Y/Y) in-line. (PR)
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  • Jul. 25, 2012, 4:39 PM
    Arris (ARRS): Q2 EPS of $0.25 beats by $0.03. Revenue of $349.3M (+31.4% Y/Y) beats by $8.84M. (PR)
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  • Jun. 26, 2012, 5:19 PM
    UBS, which has been airing bearish comments about the telecom equipment space for a while (I, II), thinks RVBD, FFIV, JNPR, and ARUN are at risk of missing Q2 estimates or lowering guidance due to a weakening demand from Europe (previous) and the U.S. government. ARRS, GLW, and ADTN are viewed as relatively immune. Separately, Caris is joining a growing list of firms (I, II, III) to slash estimates for F5.
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  • Apr. 25, 2012, 4:34 PM
    Arris Group (ARRS): Q1 EPS of $0.19 beats by $0.04. Revenue of $302.9M (+13.3% Y/Y) beats by $7M. Shares +8.6% AH. (PR)
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  • Feb. 9, 2012, 11:31 AM
    Arris Group (ARRS -2.3%) dips after a slight miss on revenue in its Q4 report this morning, largely due to impairment associated with its MCS segment. The company cuts its Q1 forecast, now expecting its EPS to come in around $0.13 - $0.17 on sales of $285M - $305M, below Street estimates of $0.18 on sales of $289.4M. Separately, Collins Stewart ups the shares to Buy on the back of the report.
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  • Feb. 8, 2012, 4:09 PM
    Arris Group (ARRS): Q4 EPS of $0.21 beats by $0.02. Revenue of $281.1M (+5.6% Y/Y) misses by $5M. Shares -6.7% AH. (PR)
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  • Oct. 26, 2011, 4:19 PM
    Arris Group (ARRS): Q3 EPS of $0.21 in-line. Revenue of $274M misses by $6M. (PR)
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  • Oct. 26, 2011, 12:10 AM
    Notable earnings after Wednesday's close: ACOM, AEM, AFL, AIZ, AKAM, AMP, ARRS, BDN, BMC, CA, CDNS, CIM, CMO, COG, CYH, DRE, ENTG, EQR, EXXI, GG, HRS, IDCC, ISIL, KBR, LOGI, LSI, NSC, NVLS, OI, OII, ORLY, PMTC, SFSF, SLG, SOA, SPN, SYMC, TER, TEX, TMK, TQNT, V, WRB
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  • Oct. 11, 2011, 7:34 AM
    Cable infrastructure gear vendor Arris (ARRS) has agreed to acquire smaller peer BigBand Networks (BBND) for $2.24/share in cash, a 76% premium to BigBand's Monday close. BigBand was a pioneer in the development of switched digital video technology, which increases cable network capacity, but has fallen on hard times as competitors have caught up.
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Company Description
ARRIS Group Inc provides entertainment & communications solutions. It provides Customer Premises Equipment including set-top, gateway, DSL & cable modem; and Network & Cloud including video infrastructure, access & transport, & cloud solutions.