Needham & Company Reiterates Bullish Stance on ARRIS Group (ARRS)

Needham & Company analyst Richard Valera reiterated a Buy rating and $32 price target on ARRIS Group (NASDAQ: ARRS) following investor meetings.

Valera comments, "This past week we hosted a series of investor meeting with ARRIS VP of Investor Relations Bob Puccini. As well, we had the opportunity to meet with TWC CEO Rob Marcus in a Needham-hosted event. Datapoints from both events suggest that the fundamental backdrop for ARRIS remains healthy as MSO and Telco TV players upgrade both their networks and CPE, and that there has been no "pause" at either TWC or Comcast as they contemplate their proposed merger. We reiterate our Buy rating and PT of $32, equivalent to 14-15x our 2015E NG EPS

For an analyst ratings summary and ratings history on ARRIS Group click here. For more ratings news on ARRIS Group click here.

Shares of ARRIS Group closed at $27.58 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Needham Upgrades First Advantage (FA) to Buy 'as Better Base Growth/Good Execution Add Clarity to the Thesis'
• Sun Summit plans $4M private placement to extend JD drill program
• SGHC Limited (SGHC) PT Raised to $18 at Needham