Aerohive Networks (HIVE) Issues Quarterly Earnings Results
Aerohive Networks (NYSE:HIVE) posted its quarterly earnings data on Thursday. The communications equipment provider reported ($0.06) EPS for the quarter, Briefing.com reports. The company had revenue of $37.20 million for the quarter, compared to analysts’ expectations of $37.04 million. Aerohive Networks had a negative net margin of 14.99% and a negative return on equity of 92.83%. The firm’s revenue was down 10.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.04) earnings per share.
Shares of Aerohive Networks (HIVE) opened at $4.16 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.95 and a current ratio of 2.19. The company has a market capitalization of $204.21, a P/E ratio of -9.90 and a beta of 1.29. Aerohive Networks has a one year low of $3.02 and a one year high of $6.50.
Several research firms have commented on HIVE. Zacks Investment Research downgraded Aerohive Networks from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Dougherty & Co downgraded Aerohive Networks from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 17th. ValuEngine raised Aerohive Networks from a “strong sell” rating to a “sell” rating in a research note on Friday, November 10th. Finally, Craig Hallum began coverage on Aerohive Networks in a research note on Tuesday, October 17th. They set a “buy” rating and a $6.00 price objective for the company. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company currently 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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