ARRIS Group (ARRS) Reports In-Line Q2 EPS, Q3 Guidance Misses

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Needham & Company Cuts Price Target on ARRIS Group (ARRS) to $36 Following 2Q Results

July 30, 2015 6:59 AM EDT

Needham & Company maintained a Buy rating on ARRIS Group (NASDAQ: ARRS), and cut the price target to $36.00 (from $38.00), following 2Q15 results. Revenue and NG EPS of $1.260B and $0.53 were in line with the company's pre-announced ranges of $1.25-1.26B and NG EPS of $0.51-0.55. Management offered 3Q15 guidance of... More