ARRIS International plc (ARRS - Free Report) recently announced an upsurge in global clientele, which reflects its relentless focus on fostering international growth. Notably, the company delivered record international shipment of 42% in second-quarter 2018, up 35% year over year.
Lately, new agreements with leading global service providers such as HBO Latin America, Liberty Global in Germany, Sky Italia and Stofa in Denmark highlight ARRIS’ potential in international leadership in next-generation networks as well as entertainment delivery. Liberty Global has deployed the ARRIS E6000 Gen 2 platform to power its DOCSIS 3.1 launch in Germany. Sky Italia will upgrade consumer set-tops to hybrid models from ARRIS to comply with new European Commission energy efficiency regulations. Stofa has selected ARRIS vManager to accelerate the deployment of Gigabit services in Denmark.
Further, the company continues to diversify its set-top portfolio with the joint-development of new consumer entertainment solutions with Freesat in the U.K. Freesat has selected ARRIS to develop its first subscription-free, 4K UHD/HDR video devices.
ARRIS seeks to transform the entertainment experience through a holistic approach to content delivery, leveraging its expertise in the cloud. The company is gaining momentum in the international market by catering to the evolving needs of service provider customers.
Consumer demand for faster Internet speeds with more capacity continues to grow at an exponential rate. ARRIS is providing the technology to enable customers to better manage this bandwidth growth in a cost-effective manner through steady investments in state-of-the-art technologies. The company is working with global customers to transform their delivery chain from content creation to consumption.
In the past three months, shares of ARRIS have gained 2.2% compared with 7.7% rise of the industry.
ARRIS currently has a Zacks Rank #3 (Hold). A few better-ranked stocks in the industry include Turtle Beach Corporation (HEAR - Free Report) , Corning Incorporated (GLW - Free Report) and Acacia Communications, Inc (ACIA - Free Report) . While Turtle Beach sports a Zacks Rank #1 (Strong Buy), Corning and Acacia Communications carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Turtle Beach has a long-term earnings growth expectation of 18%. It surpassed earnings estimates twice in the trailing four quarters with an average positive surprise of 727.8%.
Corning has a long-term earnings growth expectation of 8.2%. %. It beat earnings estimates in each of the trailing four quarters, the average being 3.8%.
Acacia Communications has a long-term earnings growth expectation of 14.1%. It beat earnings estimates in each of the trailing four quarters, the average being 37.6%.
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