Buy Pullbacks in ARRIS Group (ARRS) and Sonus Networks (SONS), Jefferies Says

Jefferies analyst James Kisner is telling clients to buy yesterday's pullback in ARRIS Group (NASDAQ: ARRS) and Sonus Networks, Inc. (NASDAQ: SONS), which offers very compelling entry points.

"The announcement of VoLTE support on the iPhone 6 should be great news for Sonus in the medium to long term," Kisner said. "We believe the pullback in Arris’ shares post the negative pre-announcement of supplier MaxLinear is overdone."

The firm maintained a Buy rating and price target of $30 on ARRS and a Buy rating and $5 price target on on SONS.

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 $29.44 yesterday.

You May Also Be Interested In

• Jefferies Downgrades Enphase Energy (ENPH) to Hold, 'Still Muddling Through'
• Tesla (TSLA) PT Lowered to $120 at HSBC on 'concerns about the timing and scale of prospects'
• Singular Research Starts Citizens Inc. (CIA) at Buy-Long Term, 'Proven Distribution Growth'