ARRIS Group (ARRS) Tops Q4 EPS by 9c

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ARRIS Group (ARRS) PT Lowered to $32 at Needham & Company on 'Weak 1Q17 Guidance'

February 23, 2017 6:28 AM EST

Needham & Company analyst Richard Valera maintains Buy rating and lowers price target on ARRIS International (NASDAQ: ARRS) to $32 (from $35), noting the BRCD Campus Networking business acquisition, as the company reported 2016 fourth quarter revenue and EPS ahead of consensus, but offered weak 2017 first quarter... More