Aerohive Networks (HIVE) Receiving Somewhat Favorable Media Coverage, Analysis Shows

Media headlines about Aerohive Networks (NYSE:HIVE) have trended somewhat positive on Sunday, according to Accern. 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 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 news impact score of 0.21 on Accern’s scale. Accern also assigned press coverage about the communications equipment provider an impact score of 47.3486444789407 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

Several research firms have recently issued reports on HIVE. ValuEngine upgraded shares of Aerohive Networks from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research cut shares of Aerohive Networks from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. Dougherty & Co cut shares of Aerohive Networks from a “buy” rating to a “neutral” rating in a report on Wednesday, January 17th. Finally, Pi Financial decreased their price objective on shares of Aerohive Networks from $5.25 to $4.50 in a report on Friday, March 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Aerohive Networks currently has an average rating of “Hold” and an average target price of $6.06.

Shares of Aerohive Networks stock traded down $0.04 on Friday, hitting $4.13. The company had a trading volume of 201,100 shares, compared to its average volume of 377,611. The stock has a market capitalization of $229.99 million, a PE ratio of -10.07 and a beta of 1.16. Aerohive Networks has a 52 week low of $3.02 and a 52 week high of $6.50.

Aerohive Networks (NYSE:HIVE) last released its earnings results on Wednesday, May 2nd. The communications equipment provider reported ($0.06) EPS for the quarter, beating the 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 in the prior year, the business earned ($0.08) earnings per share. The business’s quarterly revenue was down 1.5% on a year-over-year basis. equities research analysts forecast that Aerohive Networks will post -0.31 earnings per share for the current year.

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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