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Fly News Breaks for June 25, 2018
ARRS
Jun 25, 2018 | 06:40 EDT
Loop Capital analyst James Kisner kept his Buy rating and $35 price target on Arris, saying the market's negative view on the stock has been overstated by last week's reports suggesting increasing competition to its Network and Cloud business by the adoption of Distributed Access Architectures. Kisner adds that the reports ignore the underlying motivation behind the adoption of "fiber deep" architectures, which is a positive for Arris as it enables a "significant increase" in IP bandwidth. The analyst recommends that investors use the weakness in Arris stock as a buying opportunity.
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