Arris Stock Tanks, M&A May Slow Customer Spending

By | August 1, 2014

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Arris Group stock tumbled Friday after the company forecast current-quarter revenue below views and its CEO said that mergers and acquisitions among pay-TV companies might impact customer spending in late 2014 or next year. Arris Group (ARRS) stock was down 13.5% in midday trading in the stock market today, at a two-month low near 29.50. Before Friday, Arris stock rose 47% in 2014, touching a nearly 14-year high of 35.83 on Thursday. Arris stock Scalper1 News

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