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COMM

CommScope

$24.76

0.19 (0.77%)

, ARRS

Arris

$24.98

0.19 (0.77%)

16:50
11/06/18
11/06
16:50
11/06/18
16:50

CommScope near pact to acquire Arris for over $31 per share, CNBC says

CommScope (COMM) is close to a deal to acquire telecom gear provider Arris (ARRS) for over $31 per share, CNBC reports, citing people familiar with the matter. The all-cash deal could be announced as soon as tomorrow, the report says. After the news, CommScope shares fell 5.1% while Arris shares jumped 15.8%. Reference Link

COMM

CommScope

$24.76

0.19 (0.77%)

ARRS

Arris

$24.98

0.19 (0.77%)

  • 08

    Nov

  • 08

    Nov

COMM CommScope
$24.76

0.19 (0.77%)

10/05/18
10/05/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Mylan (MYL) downgraded to Neutral from Buy at Mizuho with analyst Irina Koffler saying the analyst initially believed Mylan's pipeline of complex generics and biosimilars would represent a "sustainable source of growth" relative to generic peers, but her view changed after more due diligence and competitor checks. 2. Eastman Chemical (EMN) downgraded to Neutral from Overweight at JPMorgan with analyst Jeffrey Zekauskas saying he believes raw material trends will probably pressure the company's year-ahead results. 3. CommScope (COMM) downgraded to Neutral from Buy at Nomura Instinet with analyst Jeffrey Kvaal saying the analyst continues to view CommScope as a long-term beneficiary of both mobile and fiber spending growth. 4. HP Inc. (HPQ) downgraded to Neutral from Overweight at JPMorgan with analyst Paul Coster saying despite the company's "excellent execution," the shares have limited catalysts ahead. 5. PepsiCo (PEP) downgraded to Neutral from Outperform at Macquarie with analyst Caroline Levy saying Pepsi reported solid Q3 organic sales growth of 5%, but EBIT margins fell do to increased brand spending, higher input costs abroad due to FX hikes, and higher freight. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/09/18
GSCO
10/09/18
DOWNGRADE
Target $32
GSCO
Neutral
CommScope downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Mark Delaney downgraded CommScope to Neutral and lowered his price target for the shares to $32 from $34. the analyst views the company's fundamental environment as "mixed" and views the stock's valuation as fair at current levels.
10/09/18
10/09/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Exelon (EXC) downgraded to Neutral from Overweight at JPMorgan and to Neutral from Buy at Citi. 2. CommScope (COMM) downgraded to Neutral from Buy at Goldman Sachs with analyst Mark Delaney saying he views the company's fundamental environment as "mixed" and views the stock's valuation as fair at current levels. 3. Mylan (MYL) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst David Risinger saying recent generics trends leave him seeing downside risk to consensus forecasts and Mylan's 2018 guidance. 4. Blackbaud (BLKB) downgraded to Market Perform from Outperform at Raymond James and JMP Securities as well as to Hold from Buy at Benchmark. 5. Kroger (KR) downgraded to Sell from Hold at Deutsche Bank while Smart & Final Stores (SFS) was downgraded to Hold from Buy. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/22/18
LBOW
10/22/18
NO CHANGE
Target $37
LBOW
Buy
CommScope enterprise business recovery has persisted, says Longbow
Longbow analyst Shawn Harrison said his checks indicate that the sales recovery and improved pricing trends for CommScope's enterprise business seen in the second quarter of the year have persisted. He also notes that his checks show North American and European wireless spending forecasts are unchanged for the second half of the year. Harrison keeps a Buy rating and $37 price target on CommScope shares.
ARRS Arris
$24.98

0.19 (0.77%)

07/12/18
WELS
07/12/18
INITIATION
Target $32
WELS
Outperform
Arris initiated with an Outperform at Wells Fargo
Wells Fargo analyst Aaron Rakers started Arris with an Outperform rating and $32 price target. The analyst argues that Arris' weak Q1 CPE results should represent a bottom, and sees its Enterprise Networking segment as a potential upside driver.
07/18/18
DBAB
07/18/18
NO CHANGE
Target $19
DBAB
Hold
MaxLinear Q2 likely to be at lower end of guidance, says Deutsche Bank
Deutsche Bank analyst Ross Seymore believes headwinds within MaxLinear's (MXL) Connected Home segment are likely to yield Q2 results toward the lower end of guidance and Q3 revenues that are likely to slightly decline quarter-over-quarter. Further, the analyst believes the transition from DOCSIS 3.0 to DOCSIS 3.1 has been delayed at Arris (ARRS), MaxLinear's largest customer, thereby creating an additional headwind for Q2 and Q3. Seymore lowered his estimates for MaxLinear and expects the stock to remain range-bound. The analyst cut his price target for the stock to $19 from $21 and keeps a Hold rating on the name.
07/31/18
LOOP
07/31/18
NO CHANGE
LOOP
Positive read-across from Harmonic results for Arris/Casa Systems, says Loop Capital
Loop Capital analyst James Kisner notes that Harmonic (HLIT) reported Q2 earnings, with Q3 guidance light but guiding Cable Access to increase quarter over quarter in Q3 and Q4. The analyst generally views the "nice" sequential positive ramp in Harmonic's Cable Access business and expectation for a continued ramp in Q3 and Q4 as a positive indicator for spending trends on broadband infrastructure by cable operators, good news for Arris (ARRS) and Casa Systems (CASA). On the negative side, Kisner pointed out that one could take the "glass half empty" view that Harmonic is taking some share in the cable access space, potentially at the expense of other players, but he believes Harmonic's revenue generation remains relatively small.
10/15/18
RAJA
10/15/18
DOWNGRADE
RAJA
Outperform
Arris downgraded to Outperform from Strong Buy at Raymond James

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$11.52

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FDP

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