News coverage about Aerohive Networks (NYSE:HIVE) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Aerohive Networks earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the communications equipment provider an impact score of 46.1086009600681 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Aerohive Innovation is Driving the Adoption of 802.11ac Wave 2 Dual 5 GHz Access Point Technology (finance.yahoo.com)
- Stock Tracker: Looking at the Levels on Shares of TEE Land Ltd (ismboard.com)
- Regal Beloit Corporation (RBC) versus Aerohive Networks (NYSE:HIVE) Critical Review (americanbankingnews.com)
- Aerohive Networks, Inc. (NYSE:HIVE) Downgraded to “Sell” at Zacks Investment Research (americanbankingnews.com)
- Aerohive Networks, Inc. (HIVE) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
Aerohive Networks (NYSE:HIVE) traded up 2.49% during trading on Friday, hitting $3.29. 415,925 shares of the company traded hands. The company’s 50 day moving average is $4.57 and its 200-day moving average is $4.58. Aerohive Networks has a 52 week low of $3.02 and a 52 week high of $7.00. The stock’s market capitalization is $143.46 million.
Aerohive Networks (NYSE:HIVE) last posted its quarterly earnings results on Wednesday, August 2nd. The communications equipment provider reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $42.30 million for the quarter, compared to analysts’ expectations of $43.11 million. Aerohive Networks had a negative net margin of 18.58% and a negative return on equity of 107.93%. The business’s revenue for the quarter was down 11.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.02) earnings per share. Analysts predict that Aerohive Networks will post ($0.14) earnings per share for the current year.
A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Aerohive Networks from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. DA Davidson reissued a “buy” rating and issued a $9.00 price target on shares of Aerohive Networks in a report on Friday, May 19th. Wunderlich raised shares of Aerohive Networks from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Thursday, May 4th. Finally, BidaskClub lowered shares of Aerohive Networks from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $5.87.
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In related news, CEO David K. Flynn purchased 40,000 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were purchased at an average cost of $4.30 per share, for a total transaction of $172,000.00. Following the completion of the acquisition, the chief executive officer now owns 209,236 shares in the company, valued at approximately $899,714.80. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO John Ritchie purchased 20,000 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was bought at an average price of $4.31 per share, for a total transaction of $86,200.00. Following the completion of the acquisition, the chief financial officer now owns 168,541 shares of the company’s stock, valued at approximately $726,411.71. The disclosure for this purchase can be found here. Corporate insiders own 26.23% of the company’s stock.
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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