Arris Group Rises On Unusually High Volume (ARRS)

NEW YORK ( TheStreet) -- Arris Group (Nasdaq: ARRS) is trading at unusually high volume Thursday with 4.7 million shares changing hands. It is currently at four times its average daily volume and trading up 47 cents (+3.6%) at $13.66 as of 2:51 p.m. ET. Arris Group has a market cap of $1.6 billion and is part of the technology sector and telecommunications industry. Shares are up 17.6% year to date as of the close of trading on Wednesday.

ARRIS Group, Inc. develops, manufactures, and supplies telephony, data, video, construction, rebuild, and maintenance equipment for the broadband communications industry worldwide. The company has a P/E ratio of 19.7, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 23.5.

TheStreet Ratings rates Arris Group as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Arris Group Ratings Report.

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