ARRIS Announces Warrant Agreement with Comcast Cable

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Go back to ARRIS Announces Warrant Agreement with Comcast Cable

RBC Capital Incrementally More Positive on ARRIS Int'l (ARRS) Following New Comcast Deal; Affirms at 'Outperform'

July 5, 2016 2:38 PM EDT

RBC Capital affirms ARRIS International, plc (Nasdaq: ARRS) at Outperform with a price target of $31 after the company announced it has entered into a warrant agreement with Comcast Cable. The warrants provide Comcast with the opportunity to acquire ordinary shares of ARRIS based on specific sales targets for 2016 and... More

RBC Capital Reiterates Outperform on ARRIS Group (ARRS) Following Announced Agreement with Comcast

July 5, 2016 11:03 AM EDT

RBC Capital reiterated an Outperform rating and $31.00 price target on ARRIS Group (NASDAQ: ARRS) following the company's announced Warrant Agreement with Comcast. The agreement will allow Comcast to purchase up to 8M ordinary ARRIS shares. RBC sees the transaction to be beneficial for both parties as Arris obtains revenue stability while... More