Media stories about Aerohive Networks (NYSE:HIVE) have been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Aerohive Networks earned a news impact score of 0.10 on Accern’s scale. Accern also gave press coverage about the communications equipment provider an impact score of 46.5260987925641 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Aerohive Networks from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. DA Davidson reissued a “buy” rating and set a $9.00 price target on shares of Aerohive Networks in a report on Friday, May 19th. BidaskClub downgraded shares of Aerohive Networks from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, ValuEngine downgraded shares of Aerohive Networks from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 6th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Aerohive Networks has an average rating of “Hold” and a consensus target price of $5.87.
Aerohive Networks (NYSE HIVE) opened at 3.72 on Wednesday. The company’s 50-day moving average is $3.72 and its 200 day moving average is $4.30. Aerohive Networks has a one year low of $3.02 and a one year high of $6.35. The company’s market capitalization is $162.21 million.
Aerohive Networks (NYSE:HIVE) last posted its quarterly earnings data on Wednesday, August 2nd. The communications equipment provider reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Aerohive Networks had a negative net margin of 18.58% and a negative return on equity of 107.93%. The business had revenue of $42.30 million during the quarter, compared to analysts’ expectations of $43.11 million. During the same quarter in the prior year, the business posted ($0.02) earnings per share. Aerohive Networks’s revenue was down 11.2% compared to the same quarter last year. Analysts predict that Aerohive Networks will post ($0.14) EPS for the current year.
About Aerohive Networks
Aerohive Networks, Inc together with its subsidiaries, has designed and developed a cloud-managed mobile networking platform that enables enterprises to deploy and manage a mobile-centric network edge. Its portfolio of products and solutions is built around sets of technologies and solutions, which include Enterprise Cloud Networking, Wireless Fidelity (Wi-Fi) Connectivity and Application and Insights.
Receive News & Ratings for Aerohive Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aerohive Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.