Press coverage about Aerohive Networks (NYSE:HIVE) has trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Aerohive Networks earned a media sentiment score of 0.02 on Accern’s scale. Accern also gave media stories about the communications equipment provider an impact score of 44.3608858192159 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
Several brokerages have recently issued reports on HIVE. ValuEngine upgraded Aerohive Networks from a “strong sell” rating to a “sell” rating in a research report on Friday, November 10th. Dougherty & Co downgraded Aerohive Networks from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 17th. Finally, Zacks Investment Research upgraded Aerohive Networks from a “sell” rating to a “hold” rating in a research report on Saturday, February 3rd. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $6.25.
Shares of Aerohive Networks (NYSE HIVE) traded up $0.03 during trading hours on Friday, hitting $4.38. The stock had a trading volume of 515,331 shares, compared to its average volume of 478,511. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.19 and a quick ratio of 1.95. Aerohive Networks has a twelve month low of $3.02 and a twelve month high of $6.50. The stock has a market capitalization of $233.15, a P/E ratio of -10.43 and a beta of 1.29.
Aerohive Networks (NYSE:HIVE) last released its earnings results on Thursday, February 8th. The communications equipment provider reported ($0.06) earnings per share for the quarter. Aerohive Networks had a negative return on equity of 92.83% and a negative net margin of 14.99%. The business had revenue of $37.20 million for the quarter, compared to analysts’ expectations of $37.04 million. During the same quarter last year, the company posted ($0.04) earnings per share. The business’s quarterly revenue was down 10.8% compared to the same quarter last year. sell-side analysts forecast that Aerohive Networks will post -0.31 EPS for the current year.
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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.
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