Aerohive Networks (HIVE) Receiving Somewhat Favorable News Coverage, Report Finds
News headlines about Aerohive Networks (NYSE:HIVE) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million blog and news sources. 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 media sentiment score of 0.20 on Accern’s scale. Accern also assigned headlines about the communications equipment provider an impact score of 46.3368303129621 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern’s scoring:
- AEROHIVE NETWORKS, INC : Change in Directors or Principal Officers (form 8-K) (4-traders.com)
- 3 Tech Stocks With Great P/S Ratios To Buy Now (finance.yahoo.com)
- Emancipation Management LLC Buys Vonage Holdings Corp, Aerohive Networks Inc, Brightcove Inc, Sells Transcat … – GuruFocus.com (gurufocus.com)
- Financial Survey: Aerohive Networks (HIVE) vs. Its Competitors (americanbankingnews.com)
- ValuEngine Upgrades Aerohive Networks, Inc. (HIVE) to “Sell” (americanbankingnews.com)
Shares of Aerohive Networks (NYSE:HIVE) traded up $0.12 during midday trading on Monday, hitting $4.67. The stock had a trading volume of 488,500 shares, compared to its average volume of 338,420. Aerohive Networks has a 52 week low of $3.02 and a 52 week high of $6.14. The company has a quick ratio of 1.95, a current ratio of 2.19 and a debt-to-equity ratio of 0.94.
Aerohive Networks (NYSE:HIVE) last released its earnings results on Wednesday, November 1st. The communications equipment provider reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.02. The company had revenue of $37.07 million during the quarter, compared to the consensus estimate of $38.41 million. Aerohive Networks had a negative return on equity of 103.45% and a negative net margin of 17.00%. Aerohive Networks’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.06) EPS. sell-side analysts anticipate that Aerohive Networks will post -0.43 EPS for the current year.
Aerohive Networks announced that its Board of Directors has authorized a stock buyback plan on Wednesday, November 1st that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the communications equipment provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
A number of research firms have recently commented on HIVE. Zacks Investment Research cut Aerohive Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. ValuEngine upgraded Aerohive Networks from a “strong sell” rating to a “sell” rating in a research note on Friday. BidaskClub cut Aerohive Networks from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, Craig Hallum assumed coverage on Aerohive Networks in a research note on Tuesday, October 17th. They issued a “buy” rating and a $6.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Aerohive Networks has a consensus rating of “Hold” and a consensus price target 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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