News coverage about Aerohive Networks (NYSE:HIVE) has trended somewhat positive on Tuesday, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Aerohive Networks earned a news impact score of 0.03 on Accern’s scale. Accern also assigned news stories about the communications equipment provider an impact score of 44.4533643393553 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Kaplan Fox Announces Investigation of Aerohive Networks, Inc. (finance.yahoo.com)
- SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against Aerohive Networks, Inc. (HIVE) and Lead Plaintiff Deadline: March 20, 2018 (finance.yahoo.com)
- INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Investors of Commencement of an Investigation Involving Possible Securities Fraud Violations by the Board of Directors of Aerohive … (businesswire.com)
- Aerohive Networks (HIVE) Downgraded by Zacks Investment Research to Sell (americanbankingnews.com)
- SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Commencement of an Investigation Involving … – Business Wire (press release) (businesswire.com)
Shares of Aerohive Networks (NYSE:HIVE) traded down $0.02 on Tuesday, hitting $4.15. 529,100 shares of the company traded hands, compared to its average volume of 621,157. The company has a quick ratio of 1.95, a current ratio of 2.19 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $224.58, a P/E ratio of -8.14 and a beta of 1.79. Aerohive Networks has a fifty-two week low of $3.02 and a fifty-two week high of $6.50.
Several analysts have issued reports on HIVE shares. Zacks Investment Research downgraded shares of Aerohive Networks from a “hold” rating to a “sell” rating in a report on Saturday. Craig Hallum started coverage on shares of Aerohive Networks in a report on Tuesday, October 17th. They issued a “buy” rating and a $6.00 price target on the stock. Dougherty & Co downgraded shares of Aerohive Networks from a “buy” rating to a “neutral” rating in a report on Wednesday, January 17th. Finally, ValuEngine raised shares of Aerohive Networks from a “strong sell” rating to a “sell” rating in a report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $6.05.
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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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