Arris Group Stock Hits New 52-Week High (ARRS)

NEW YORK ( TheStreet) -- Arris Group (Nasdaq: ARRS) hit a new 52-week high Tuesday as it is currently trading at $13.11, above its previous 52-week high of $13.08 with 1.4 million shares traded as of 3:50 p.m. ET. Average volume has been 858,500 shares over the past 30 days.

Arris Group has a market cap of $1.44 billion and is part of the technology sector and telecommunications industry. Shares are up 12.4% year to date as of the close of trading on Monday.

Arris Group, Inc. develops, manufactures, and supplies telephony, data, video, construction, rebuild, and maintenance equipment for the broadband communications industry worldwide.

TheStreet Ratings rates Arris Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and expanding profit margins. 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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