ARRIS Group (ARRS) Tops Q2 EPS by 19c

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Needham & Company Raises Price Target on ARRIS Group (ARRS) Following 2Q Beat

July 28, 2016 7:25 AM EDT

Needham & Company reiterated a Buy rating on ARRIS Group (NASDAQ: ARRS), and raised the price target to $32.00 (from $30.00), following the company's 2Q earnings report. Revenue of $1.73B exceeded consensus of $1.70B while NG EPS of $0.84, handily beat consensus of $0.66. 3Q16 guidance included... More