Aerohive Networks (HIVE) Receiving Somewhat Favorable News Coverage, Study Finds
News coverage about Aerohive Networks (NYSE:HIVE) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, 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 gave media headlines about the communications equipment provider an impact score of 45.9458307674389 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Aerohive Networks (HIVE) opened at $6.27 on Tuesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.19 and a quick ratio of 1.95. Aerohive Networks has a twelve month low of $3.02 and a twelve month high of $6.50.
Aerohive Networks (NYSE:HIVE) last posted its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. The business had revenue of $37.07 million for the quarter, compared to the consensus estimate of $38.41 million. Aerohive Networks had a negative net margin of 17.00% and a negative return on equity of 103.45%. The company’s revenue was down 8.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.06) earnings per share. equities research analysts forecast that Aerohive Networks will post -0.43 earnings per share for the current year.
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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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