Kaufman Bros. Starts ARRIS Group (ARRS) at Buy; Addresses Cable's Shift to CMAP with Strong Product Offerings
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Price: $31.66 --0%
Rating Summary:
5 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Kaufman Bros. initiates coverage on ARRIS Group (NASDAQ: ARRS) with a Buy. PT $12.00.
Kaufman analyst says, "Rating based on an improving 2H11 outlook and on cable's longer term CMAP-related network capex, despite a still negative macro industry backdrop...Positives: Deep cable customer relationships, leading installed base franchise, and a good product development organization...Negatives: Unpredictable competitor in Cisco Systems, a narrow (cable only) customer base, and growing market shift from wireline to wireless broadband...Introducing our non-GAAP EPS and total revenue estimates of $0.22 and $283 million for 3Q11, $0.85 and $1.1 billion for full-year 2011, and $0.98 and $1.2 billion for full-year 2012."
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 $10.39 yesterday.
Kaufman analyst says, "Rating based on an improving 2H11 outlook and on cable's longer term CMAP-related network capex, despite a still negative macro industry backdrop...Positives: Deep cable customer relationships, leading installed base franchise, and a good product development organization...Negatives: Unpredictable competitor in Cisco Systems, a narrow (cable only) customer base, and growing market shift from wireline to wireless broadband...Introducing our non-GAAP EPS and total revenue estimates of $0.22 and $283 million for 3Q11, $0.85 and $1.1 billion for full-year 2011, and $0.98 and $1.2 billion for full-year 2012."
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 $10.39 yesterday.
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