Somewhat Positive Press Coverage Very Likely to Affect Aerohive Networks (HIVE) Stock Price

Press coverage about Aerohive Networks (NYSE:HIVE) has trended somewhat positive recently, according to AlphaOne Sentiment Analysis. The research group, a service of Accern, ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Aerohive Networks earned a media sentiment score of 0.19 on AlphaOne’s scale. AlphaOne also assigned news headlines about the communications equipment provider an impact score of 87 out of 100, meaning that recent press coverage is very likely to have an impact on the company’s share price in the next few days.

These are some of the headlines that may have impacted Alpha One Sentiment Analysis’s scoring:

Aerohive Networks (NYSE:HIVE) traded down 0.79% during trading on Friday, reaching $3.77. 263,329 shares of the company were exchanged. Aerohive Networks has a 1-year low of $3.66 and a 1-year high of $7.45. The company’s 50-day moving average price is $4.18 and its 200-day moving average price is $5.16. The stock’s market capitalization is $164.39 million.

Aerohive Networks (NYSE:HIVE) last posted its quarterly earnings data on Tuesday, February 14th. The communications equipment provider reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.03. The firm earned $41.70 million during the quarter, compared to analyst estimates of $44.07 million. Aerohive Networks had a negative net margin of 21.26% and a negative return on equity of 107.34%. Aerohive Networks’s revenue was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.03) EPS. On average, equities analysts forecast that Aerohive Networks will post ($0.16) EPS for the current year.

Several brokerages have recently commented on HIVE. JMP Securities downgraded shares of Aerohive Networks from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $4.99 to $5.24 in a research note on Monday, February 6th. William Blair reaffirmed an “outperform” rating on shares of Aerohive Networks in a research note on Wednesday, February 15th. Finally, Zacks Investment Research raised shares of Aerohive Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, January 4th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Aerohive Networks currently has an average rating of “Hold” and an average price target of $6.61.

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About Aerohive Networks

Aerohive Networks, Inc, together with its subsidiaries, is engaged in designing and development of a cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge. The Company’s portfolio of products and solutions is built around sets of technologies and capabilities, which include Enterprise Cloud Networking, Wireless Fidelity (Wi-Fi) Connectivity and Application and Insights.

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