Barclays Maintains an 'Equalweight' on, ARRIS Group (ARRS); Remains an Execution Story
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Price: $31.66 --0%
Rating Summary:
5 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
Rating Summary:
5 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
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Barclays maintains an 'Equalweight' on, ARRIS Group (NASDAQ: ARRS), PT $13.
Barclays analyst says, "While management's financial outlook during its recent analyst day suggests upside to our current estimates, we continue to believe that ARRIS' ability to achieve its targets depends on: 1) crisp execution of its new product rollout strategy over a multi-year period and 2) its ability to benefit from an inflection in broadband utilization. While ultimately management's targets may be achievable, given favorable usage patterns, the company's prior inability for its sales growth to directly reflect rising broadband utilization remains an overhang, keeping the company as a "show me" story."
For more ratings news on ARRIS Group click here and for the rating history of ARRIS Group click here.
Shares of ARRIS Group closed at $10.50 yesterday.
Barclays analyst says, "While management's financial outlook during its recent analyst day suggests upside to our current estimates, we continue to believe that ARRIS' ability to achieve its targets depends on: 1) crisp execution of its new product rollout strategy over a multi-year period and 2) its ability to benefit from an inflection in broadband utilization. While ultimately management's targets may be achievable, given favorable usage patterns, the company's prior inability for its sales growth to directly reflect rising broadband utilization remains an overhang, keeping the company as a "show me" story."
For more ratings news on ARRIS Group click here and for the rating history of ARRIS Group click here.
Shares of ARRIS Group closed at $10.50 yesterday.
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