News stories about Aerohive Networks (NYSE:HIVE) have trended somewhat positive this week, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Aerohive Networks earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media coverage about the communications equipment provider an impact score of 47.7699019796035 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have effected Accern’s scoring:
- Global Wireless Health Market Business Strategies: Cisco Systems Inc, AT&T Inc, Aerohive Networks Inc (topexaminer.com)
- Nutreco Boosts Global Operations and Innovation with Cloud Networking from Aerohive® (finance.yahoo.com)
- Global Industrial WLAN Market 2018 – Alcatel-Lucent, Cisco Systems, Dell, Huawei Technologies, Siemens, Aruba Networks (digitaljournal.com)
- Access management is critical to IoT success (networkworld.com)
HIVE has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Aerohive Networks from a “sell” rating to a “buy” rating and set a $4.75 target price for the company in a report on Wednesday, March 21st. Pi Financial dropped their target price on shares of Aerohive Networks from $5.25 to $4.50 in a report on Friday, March 2nd. Finally, ValuEngine lowered shares of Aerohive Networks from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 28th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Aerohive Networks has an average rating of “Hold” and an average price target of $5.08.
HIVE traded down $0.06 on Wednesday, hitting $4.24. The company had a trading volume of 7,297 shares, compared to its average volume of 275,425. Aerohive Networks has a 52-week low of $3.02 and a 52-week high of $6.50. The firm has a market capitalization of $236.00 million, a PE ratio of -10.34 and a beta of 1.16.
Aerohive Networks (NYSE:HIVE) last issued its quarterly earnings data on Wednesday, May 2nd. The communications equipment provider reported ($0.06) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.01. Aerohive Networks had a negative net margin of 13.93% and a negative return on equity of 95.00%. The business had revenue of $35.77 million during the quarter, compared to analyst estimates of $34.93 million. During the same period last year, the business posted ($0.08) earnings per share. Aerohive Networks’s quarterly revenue was down 1.5% compared to the same quarter last year. analysts anticipate that Aerohive Networks will post -0.31 earnings per share for the current fiscal year.
Aerohive Networks Company Profile
Aerohive Networks, Inc, together with its subsidiaries, designs and develops cloud networking and enterprise Wi-Fi solutions in the Americas, Europe, the Middle East and Africa, and the Asia Pacific. The company provides hardware products, such as wireless access points, branch routers, and switches; tiered maintenance and support services comprising technical support, bug fixes, access to priority hardware replacement service, and unspecified upgrades; and Software as a Service subscriptions, including comparable maintenance and support services.
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