Inactive Instrument

Arris Group Inc

US04270V1061

Communications & Networking

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2013	Cisco Systems, Inc. : Some Cisco investors urge an exit from set-top box unit	RE
2013	Cisco Systems, Inc. : Analysis - Some Cisco investors urge an exit from set-top box unit	RE

Arris Group Inc : Interesting entry point

October 09, 2014 at 09:26 am EDT
By Pierre Gilles de la Londe

BUY

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Entry price	Target	Stop-loss	Potential
$26.53	$0	$24.6	-100%

Arris Group shows relatively strong fundamentals and is coming back to attractive prices.

According to Surperformance© ratings, the company constitutes an opportunity for a trading strategy. Indeed, it usually posts better-than-expected financial statements and the enterprise valuation conciliates with its visibility. Moreover, brokers have lately revised upward their revenues' estimates and count on EPS of USD 1.39 for this year.

This situation gives credit to a potential technical rebound. Thus, the stock could find new energy and would rise towards the next USD 29.3 resistance. In fact, the security has to cross the 27.5 area in order to re-establish a bullish trend in the short term.

Therefore, the proximity of the USD 25.4 support is an opportunity to presently go long on Arris Group. The first goal is a return in the USD 29.3 resistance area. A stop loss order can be placed under the support currently tested.

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