Aerohive Networks (HIVE) Receiving Somewhat Positive Media Coverage, Analysis Finds

Press coverage about Aerohive Networks (NYSE:HIVE) has trended somewhat positive on Thursday, according to Accern. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of 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 0.21 on Accern’s scale. Accern also gave news articles about the communications equipment provider an impact score of 45.5900824358508 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Shares of Aerohive Networks (HIVE) opened at $5.82 on Thursday. Aerohive Networks has a 52-week low of $3.02 and a 52-week high of $6.14. 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 released its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.02. Aerohive Networks had a negative return on equity of 103.45% and a negative net margin of 17.00%. The company had revenue of $37.07 million during the quarter, compared to analysts’ expectations of $38.41 million. During the same period last year, the firm posted ($0.06) earnings per share. The business’s revenue was down 8.2% on a year-over-year basis. equities analysts anticipate that Aerohive Networks will post -0.43 EPS for the current fiscal year.

HIVE has been the subject of a number of recent analyst reports. Zacks Investment Research raised Aerohive Networks from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research report on Wednesday, November 8th. ValuEngine raised Aerohive Networks from a “strong sell” rating to a “sell” rating in a research report on Friday, November 10th. Finally, Craig Hallum initiated coverage on Aerohive Networks in a research report on Tuesday, October 17th. They issued a “buy” rating and a $6.00 price objective for the company. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $6.05.

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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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