Zacks Investment Research upgraded shares of Aerohive Networks (NYSE:HIVE) from a sell rating to a hold rating in a research report report published on Wednesday, Zacks.com reports.

According to Zacks, “Aerohive Networks Inc. designs and develops a cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge. The Company’s cloud-managed mobile networking platform consists of four components: Cloud Services Platform, HiveOS operating system, client management software and its portfolio of hardware products. It serves the healthcare, education, manufacturing, distribution, and retail industries throughout the United States. Aerohive Networks, Inc. is headquartered in Sunnyvale, California. “

Separately, ValuEngine raised Aerohive Networks from a hold rating to a buy rating in a research report on Thursday, February 28th.

NYSE HIVE opened at $3.24 on Wednesday. The company has a current ratio of 2.03, a quick ratio of 1.77 and a debt-to-equity ratio of 1.87. The stock has a market capitalization of $185.35 million, a P/E ratio of -11.17 and a beta of 1.07. Aerohive Networks has a 1 year low of $3.12 and a 1 year high of $5.18.

Aerohive Networks (NYSE:HIVE) last posted its earnings results on Wednesday, May 8th. The communications equipment provider reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.01. The company had revenue of $33.02 million for the quarter, compared to analysts’ expectations of $33.00 million. Aerohive Networks had a negative return on equity of 94.44% and a negative net margin of 12.93%. As a group, analysts anticipate that Aerohive Networks will post -0.36 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Aerohive Networks by 8.9% during the third quarter. Vanguard Group Inc. now owns 1,637,611 shares of the communications equipment provider’s stock valued at $6,747,000 after purchasing an additional 133,714 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of Aerohive Networks by 13.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 790,401 shares of the communications equipment provider’s stock valued at $2,577,000 after purchasing an additional 96,242 shares during the last quarter. Adirondack Research & Management Inc. lifted its holdings in shares of Aerohive Networks by 1.1% during the first quarter. Adirondack Research & Management Inc. now owns 671,480 shares of the communications equipment provider’s stock valued at $3,042,000 after purchasing an additional 7,315 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Aerohive Networks during the first quarter valued at approximately $2,825,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Aerohive Networks by 213.8% during the third quarter. JPMorgan Chase & Co. now owns 363,770 shares of the communications equipment provider’s stock valued at $1,499,000 after purchasing an additional 247,850 shares during the last quarter. 62.56% of the stock is currently owned by institutional investors and hedge funds.

Aerohive Networks Company Profile

Aerohive Networks, Inc, together with its subsidiaries, designs and develops cloud networking and enterprise Wi-Fi solutions in the Americas, Europe, the Middle East and Africa, and the Asia Pacific. The company provides hardware products, such as wireless access points, branch routers, and switches; tiered maintenance and support services comprising technical support, bug fixes, access to priority hardware replacement service, and unspecified upgrades; and Software as a Service subscriptions, including comparable maintenance and support services.

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