Aerohive Networks (HIVE) Earning Somewhat Favorable News Coverage, Report Finds

Media headlines about Aerohive Networks (NYSE:HIVE) have trended somewhat positive on Saturday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Aerohive Networks earned a news sentiment score of 0.02 on Accern’s scale. Accern also gave headlines about the communications equipment provider an impact score of 44.3608858192159 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news headlines that may have effected Accern Sentiment’s analysis:

Aerohive Networks (HIVE) traded up $0.07 during trading on Friday, reaching $4.19. The company had a trading volume of 295,831 shares, compared to its average volume of 417,427. The stock has a market capitalization of $220.83, a P/E ratio of -9.98 and a beta of 1.29. Aerohive Networks has a fifty-two week low of $3.02 and a fifty-two week high of $6.50. The company has a current ratio of 2.19, a quick ratio of 1.95 and a debt-to-equity ratio of 0.94.

Aerohive Networks (NYSE:HIVE) last posted its 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 92.83% and a negative net margin of 14.99%. The company had revenue of $37.20 million for the quarter, compared to analysts’ expectations of $37.04 million. During the same quarter in the prior year, the company earned ($0.04) EPS. The company’s revenue was down 10.8% on a year-over-year basis. equities analysts anticipate that Aerohive Networks will post -0.31 earnings per share for the current year.

A number of research analysts recently weighed in on HIVE shares. Zacks Investment Research raised Aerohive Networks from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Wednesday, November 8th. Dougherty & Co lowered Aerohive Networks from a “buy” rating to a “neutral” rating in a report on Wednesday, January 17th. Finally, ValuEngine raised Aerohive Networks from a “strong sell” rating to a “sell” rating in a report on Friday, November 10th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $6.25.

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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.

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