Aerohive Networks Inc. (HIVE) Rating Reiterated by William Blair
Aerohive Networks Inc. (NYSE:HIVE)‘s stock had its “outperform” rating reiterated by equities research analysts at William Blair in a research report issued on Friday.
Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered Aerohive Networks from a “buy” rating to a “hold” rating in a report on Wednesday, October 5th. Wunderlich lowered Aerohive Networks from a “buy” rating to a “hold” rating and lowered their price target for the stock from $8.00 to $5.00 in a report on Friday. Buckingham Research lowered Aerohive Networks from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $8.00 to $5.00 in a report on Friday. JMP Securities lowered their price target on Aerohive Networks from $10.00 to $9.00 and set a “market outperform” rating on the stock in a report on Thursday, August 4th. Finally, Piper Jaffray Cos. reissued an “overweight” rating and set a $7.50 price target (up previously from $7.20) on shares of Aerohive Networks in a report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Aerohive Networks presently has a consensus rating of “Hold” and a consensus target price of $6.63.
Aerohive Networks (NYSE:HIVE) opened at 5.34 on Friday. Aerohive Networks has a one year low of $4.08 and a one year high of $7.48. The firm’s 50 day moving average price is $6.14 and its 200-day moving average price is $6.34. The firm’s market cap is $232.86 million.
Aerohive Networks (NYSE:HIVE) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.04. The company had revenue of $47.63 million for the quarter, compared to analyst estimates of $47.44 million. Aerohive Networks had a negative return on equity of 106.44% and a negative net margin of 21.86%. The business’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.14) earnings per share. Equities analysts predict that Aerohive Networks will post ($0.18) EPS for the current fiscal year.
Large investors have recently made changes to their positions in the stock. DIAM Co. Ltd. acquired a new stake in shares of Aerohive Networks during the second quarter worth $163,000. Emerald Acquisition Ltd. bought a new stake in Aerohive Networks during the second quarter worth about $728,000. Mutual of America Capital Management LLC increased its stake in Aerohive Networks by 52.7% in the second quarter. Mutual of America Capital Management LLC now owns 473,729 shares of the company’s stock worth $3,136,000 after buying an additional 163,393 shares during the last quarter. Strs Ohio increased its stake in Aerohive Networks by 8.6% in the second quarter. Strs Ohio now owns 26,600 shares of the company’s stock worth $176,000 after buying an additional 2,100 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in Aerohive Networks by 152.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 53,300 shares of the company’s stock worth $266,000 after buying an additional 32,200 shares during the last quarter. 46.90% of the stock is currently owned by institutional investors.
Aerohive Networks Company Profile
Aerohive Networks, Inc, together with its subsidiaries, is engaged in designing and development of a cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge. The Company’s portfolio of products and solutions is built around sets of technologies and capabilities, which include Enterprise Cloud Networking, Wireless Fidelity (Wi-Fi) Connectivity and Application and Insights.
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