This set-top maker beat analysts’ estimates by $0.19 last quarter. Current forecasts estimate growth of 35.70% this quarter and 24.20% next quarter.
ARRIS International plc (ARRS)
From AlphaProfit Sector Investors’ Newsletter
Set-top box maker ARRIS International plc (ARRS) consumer products have global mainstream adoption potential. The company is shipping small volumes of cable boxes and modems with next-generation entertainment services.
ARRIS has inked deals with top cable TV providers Comcast & Charter that incentivize them to buy larger volumes of ARRIS’ products. ARRIS has raised its 2016 EPS forecast.
Its shares interest venturesome, growth-at-a-reasonable-price investors. They trade at 9.4X-forward EPS versus prospects for 22% EPS growth in the next 12 months. (Next earnings: Late October)
Sam Subramanian, PhD, AlphaProfit Sector Investors’ Newsletter, www.alphaprofit.com, 281-565-6963, October 2016