Recent Research Analysts’ Ratings Changes for Aerohive Networks (HIVE)

Aerohive Networks (NYSE: HIVE) recently received a number of ratings updates from brokerages and research firms:

  • 4/17/2018 – Aerohive Networks was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Aerohive Networks Inc. designs and develops a cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge. The Company’s cloud-managed mobile networking platform consists of four components: Cloud Services Platform, HiveOS operating system, client management software and its portfolio of hardware products. It serves the healthcare, education, manufacturing, distribution, and retail industries throughout the United States. Aerohive Networks, Inc. is headquartered in Sunnyvale, California. “
  • 4/11/2018 – Aerohive Networks was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Aerohive Networks Inc. designs and develops a cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge. The Company’s cloud-managed mobile networking platform consists of four components: Cloud Services Platform, HiveOS operating system, client management software and its portfolio of hardware products. It serves the healthcare, education, manufacturing, distribution, and retail industries throughout the United States. Aerohive Networks, Inc. is headquartered in Sunnyvale, California. “
  • 4/4/2018 – Aerohive Networks was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Aerohive Networks Inc. designs and develops a cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge. The Company’s cloud-managed mobile networking platform consists of four components: Cloud Services Platform, HiveOS operating system, client management software and its portfolio of hardware products. It serves the healthcare, education, manufacturing, distribution, and retail industries throughout the United States. Aerohive Networks, Inc. is headquartered in Sunnyvale, California. “
  • 3/28/2018 – Aerohive Networks was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 3/21/2018 – Aerohive Networks was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “buy” rating. They now have a $4.75 price target on the stock. According to Zacks, “Aerohive Networks Inc. designs and develops a cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge. The Company’s cloud-managed mobile networking platform consists of four components: Cloud Services Platform, HiveOS operating system, client management software and its portfolio of hardware products. It serves the healthcare, education, manufacturing, distribution, and retail industries throughout the United States. Aerohive Networks, Inc. is headquartered in Sunnyvale, California. “
  • 3/2/2018 – Aerohive Networks had its price target lowered by analysts at Pi Financial from $5.25 to $4.50.

Aerohive Networks stock traded up $0.25 during trading on Tuesday, hitting $4.23. 176,088 shares of the company were exchanged, compared to its average volume of 412,919. Aerohive Networks has a 52 week low of $3.02 and a 52 week high of $6.50. The company has a market capitalization of $209.68, a P/E ratio of -10.32 and a beta of 1.16. The company has a current ratio of 2.24, a quick ratio of 1.99 and a debt-to-equity ratio of 0.91.

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Aerohive Networks (NYSE:HIVE) last announced its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported ($0.06) earnings per share (EPS) for the quarter. Aerohive Networks had a negative return on equity of 94.14% and a negative net margin of 14.99%. The company had revenue of $37.20 million for the quarter, compared to the consensus estimate of $37.04 million. During the same quarter last year, the company posted ($0.04) EPS. The company’s quarterly revenue was down 10.8% compared to the same quarter last year. analysts predict that Aerohive Networks will post -0.31 EPS for the current year.

A number of institutional investors have recently made changes to their positions in HIVE. State Street Corp grew its holdings in Aerohive Networks by 15.8% during the second quarter. State Street Corp now owns 379,843 shares of the communications equipment provider’s stock worth $1,902,000 after buying an additional 51,774 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Aerohive Networks by 31.8% during the second quarter. The Manufacturers Life Insurance Company now owns 30,090 shares of the communications equipment provider’s stock worth $150,000 after buying an additional 7,258 shares in the last quarter. California State Teachers Retirement System grew its holdings in Aerohive Networks by 15.3% during the second quarter. California State Teachers Retirement System now owns 55,641 shares of the communications equipment provider’s stock worth $278,000 after buying an additional 7,400 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Aerohive Networks by 292.3% during the third quarter. New York State Common Retirement Fund now owns 83,169 shares of the communications equipment provider’s stock worth $340,000 after buying an additional 61,969 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Aerohive Networks by 66.6% during the third quarter. Wells Fargo & Company MN now owns 34,691 shares of the communications equipment provider’s stock worth $142,000 after buying an additional 13,865 shares in the last quarter. Institutional investors and hedge funds own 46.75% of the company’s stock.

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.

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