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
Arris Group’s (ARRS) stock fell Monday on a report that Apple (AAPL) is in talks with Comcast (CMCSA) about using an Apple-designed set-top box to stream live and on-demand video over the cable TV firm’s network. Arris last year acquired Google’s (GOOG) “Motorola Home” set-top TV business for $2.35 billion. Arris stock was down nearly 8% in midday trading in the stock market today, near 27.40. Arris stock ranks No. 30 in the latest IBD 50 list of
Traditional telecoms are looking to companies like Arris Group (ARRS), Ubiquiti Networks (UBNT) and Finisar (FNSR), which are changing the way people communicate as well as watch television and movies. IBD’s Tech Leaders Screen of the Day features top performers in the telecom sector. Arris leads the screen with a 99 Composite, the highest rating. IBD’s Composite Rating grades stocks in five areas with extra weight on earnings and stock price