Somewhat Favorable News Coverage Somewhat Unlikely to Affect Aerohive Networks (HIVE) Share Price
News headlines about Aerohive Networks (NYSE:HIVE) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Aerohive Networks earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the communications equipment provider an impact score of 45.9258647590774 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s analysis:
- Analyzing Clearfield (CLFD) & Aerohive Networks (HIVE) (americanbankingnews.com)
- Aerohive Networks Inc (HIVE) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Aerohive Networks (HIVE) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Aerohive Networks, Inc. (HIVE)- Trader’s Spotlight – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Comparing Aerohive Networks (HIVE) & TESSCO Technologies (TESS) (americanbankingnews.com)
A number of research firms have recently issued reports on HIVE. Zacks Investment Research lowered shares of Aerohive Networks from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. ValuEngine upgraded shares of Aerohive Networks from a “strong sell” rating to a “sell” rating in a report on Friday, November 10th. Finally, Craig Hallum began coverage on shares of Aerohive Networks in a report on Tuesday, October 17th. They set a “buy” rating and a $6.00 price target on the stock. Two investment 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. Aerohive Networks has an average rating of “Hold” and an average price target of $6.05.
Shares of Aerohive Networks (HIVE) opened at $5.81 on Monday. Aerohive Networks has a 1-year low of $3.02 and a 1-year high of $6.50. The company has a current ratio of 2.19, a quick ratio of 1.95 and a debt-to-equity ratio of 0.94. The stock has a market cap of $311.41, a P/E ratio of -11.62 and a beta of 1.79.
Aerohive Networks (NYSE:HIVE) last released its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.02. Aerohive Networks had a negative net margin of 17.00% and a negative return on equity of 103.45%. The business had revenue of $37.07 million for the quarter, compared to analyst estimates of $38.41 million. During the same quarter in the previous year, the business earned ($0.06) earnings per share. The firm’s revenue was down 8.2% compared to the same quarter last year. analysts forecast that Aerohive Networks will post -0.43 EPS for the current fiscal year.
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.
Receive News & Ratings for Aerohive Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aerohive Networks and related companies with Analyst Ratings Network's FREE daily email newsletter.