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Stock Market & Financial Investment News

News Breaks
May 9, 2014
09:12 EDTARRSARRIS 3.25M share Block Trade priced at $28.00
The deal range was $27.85-$28.00. Credit Suisse acted as sole book running manager for the offering.
News For ARRS From The Last 14 Days
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September 29, 2015
16:20 EDTARRSARRIS' acquisition of Pace receives antitrust clearance in Portugal
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September 23, 2015
08:54 EDTARRSARRIS shares attractive at current levels, says RBC Capital
RBC Capital says that the set-top business will not disappear, as cord cutting is increasing slowly, while ARRIS is looking to diversify its business. The firm expects the company's Pace deal to be significantly accretive. It keeps a $36 price target and Outperform rating on the shares.
September 22, 2015
10:36 EDTARRSGoldman upbeat on telecom equipment, lukewarm on IT hardware
The telecom equipment sector has a number of positive catalysts, Goldman Sachs wrote in a note to investors today. The firm has a neutral view on the IT Hardware sector, however, noted the analyst team that took over coverage of the stocks in the space. WHAT'S NEW: Telecom equipment companies should benefit from spending on 100G wide area network upgrades between 2015 and 2017, Goldman analyst Simona Jankowski wrote. Also likely to boost the sector is the expansion of cloud providers' private networks, the analyst stated. The latter trend should produce a new market for the sector, Jankowski believes. Within the sector, she kept Buy ratings on Juniper (JNPR), Arris (ARRS) and Ciena (CIEN). The analyst, who has an Attractive view on the Telecom Equipment sector, has a Sell rating on shares of Infinera (INFN), however. WHAT'S NOTABLE: Jankowski views the IT hardware sector as a mixed bag. The sector's valuations are attractive, and it is generating strong free cash flow and robust capital returns, the analyst believes. However, it is being hurt by the shift to cloud computing and by foreign exchange fluctuations, Jankowski warned. Within the sector, she downgraded NetApp (NTAP) to Sell from Neutral and kept a Sell rating on Motorola Solutions (MSI). PRICE ACTION: In early trading, Jumiper declined 2% to $25.24, Arris gave back 1.8% to $26.40, Ciena dropped 2% to $21.77, Infinera fell 3.8% to $20.27, NetApp tumbled 4.5% to $29.80 and Motorola Solutions lost 1% to $66.30.
07:41 EDTARRSRaymond James to hold a conference
North American Equities Conference to be held in London, England on September 22.

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