Somewhat Favorable News Coverage Somewhat Unlikely to Affect Aerohive Networks (NYSE:HIVE) Share Price

News headlines about Aerohive Networks (NYSE:HIVE) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive 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 assigned news coverage about the communications equipment provider an impact score of 45.712005475109 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the media stories that may have impacted Accern’s scoring:

Shares of Aerohive Networks (NYSE:HIVE) traded down 2.51% during mid-day trading on Friday, hitting $3.89. The stock had a trading volume of 173,578 shares. The stock’s market cap is $169.63 million. Aerohive Networks has a one year low of $3.02 and a one year high of $6.14. The firm has a 50 day moving average of $3.93 and a 200 day moving average of $4.22.

Aerohive Networks (NYSE:HIVE) last announced its earnings results on Wednesday, August 2nd. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $42.30 million for the quarter, compared to analyst estimates of $43.11 million. During the same quarter in the prior year, the business posted ($0.02) EPS. The business’s revenue was down 11.2% compared to the same quarter last year. On average, analysts forecast that Aerohive Networks will post ($0.14) earnings per share for the current year.

Several brokerages have recently weighed in on HIVE. BidaskClub downgraded Aerohive Networks from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Zacks Investment Research cut Aerohive Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. ValuEngine upgraded Aerohive Networks from a “strong sell” rating to a “sell” rating in a research note on Monday, October 2nd. Finally, Craig Hallum began coverage on Aerohive Networks in a research note on Tuesday, October 17th. They issued a “buy” rating and a $6.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $6.31.

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Aerohive Networks Company Profile

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.

Insider Buying and Selling by Quarter for Aerohive Networks (NYSE:HIVE)

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