NEW YORK (TheStreet) -- Shares of Arris Int'l (ARRS) - Get Report are jumping 14.13% to $27.79 on heavy trading volume late Thursday morning after the Suwanee, GA-based company posted better-than-expected results for the 2016 second quarter.
After yesterday's closing bell, the communications tech company reported adjusted earnings of 84 cents per share, beating analysts' forecast of 65 cents per share.
Revenue for the quarter was $1.73 billion, while analysts were projecting $1.7 billion.
For the third quarter, Arris sees earnings per share between 72 cents and 77 cents on revenue of $1.7 billion to $1.75 billion. Analysts are looking for earnings of 77 cents per share on revenue of $1.72 billion.
About 3.81 million of the company's shares were traded so far today vs. its average volume of 2.26 million shares per day.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock.
The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures.
But the team also finds weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: ARRS