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Arris Enterprises (ARRS) develops, manufactures, and supplies telephony, data, video, construction, rebuild, and maintenance equipment primarily for cable system operators in the broadband communications industry worldwide.
The company operates in three segments: Broadband Communications Systems (BCS); Access, Transport, and Supplies (ATS); and Media and Communications Systems (MCS).
The BCS segment provides VoIP and high speed data products, including CMTS edge routers, 2-line residential embedded multimedia terminal adapters (EMTA), multi-line EMTA for residential and commercial services, wireless gateway, and high speed data cable modems; video/IP products comprising cable modem termination systems edge routers, broadband and universal edge quadrature amplitude modulation products, and whole home gateways and media players; and video processing products, such as switched digital video systems, IPTV systems, digital video encoders, transcoders, transraters, and statistical multiplexers.
The ATS segment offers hybrid fiber-coaxial plant equipment products comprising headend and hub products, optical transmitters, optical amplifiers, optical repeaters, optical nodes, optical passives, Wi-Fi access points, radio frequency over glass optical network units, radio frequency amplifiers, and RF multi-taps and line passives; and infrastructure products for fiber optic or coaxial networks, including cable and strand, vaults, conduit, drop materials, tools, connectors, and test equipment.
The MCS segment provides media, delivery, and monetization platform products, such as video on demand management and distribution, and linear and advanced advertising; and operations management systems, including network and service assurance, and mobile workforce management products.
Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock. Note that the proposed merger of Time Warner and Comcast should bode well for this stock since ARRS has a close relationship with Comcast.
52-Week Trading Range: $14.07 - $28.15
Entry Point: $28.75
Stop Loss: $27.20
Target Price: $31.60
We are closing ARRS at $29.00 after its 30-day expired without reaching our target price!
