ARRIS (ARRS) Losing Some Comcast Wi-Fi Biz, But Still a 'Buy' - Analyst

ARRIS Group (NASDAQ: ARRS) could be losing business from Comcast after Technicolor has become another source of Wi-Fi Gateways.

Analysts at Jefferies said checks confirmed the negative news for ARRIS and lowered numbers accordingly. That said the firm still sees significant upside earnings potential for ARRIS in 2013.

FY12 EPS goes down from $0.88 to $0.87, FY13 from $1.10 to $1.00.

Jefferies is keeping its Buy rating and price target of $17.00.

For an analyst ratings summary and ratings history on ARRIS Group click here. For more ratings news on ARRIS Group click here.

Shares of ARRIS Group closed at $14.02 yesterday.

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