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Fly News Breaks for February 14, 2018
ARRS
Feb 14, 2018 | 10:29 EDT
Loop Capital analyst James Kisner said that Ruckus Networks signing a global original equipment manufacturing, or OEM, agreement with Dell EMC mitigates a major investor objection to Arris International's acquisition of Ruckus. Kisner believes with this deal in place, Arris can more convincingly claim to compete with HP Enterprises (HPE) and Cisco (CSCO) in this space. Kinser reiterated a Buy rating and $35 price target on Arris shares, calling current levels an "interesting entry point."
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