Aerohive Networks (HIVE) Receiving Somewhat Positive News Coverage, Analysis Shows
Media stories about Aerohive Networks (NYSE:HIVE) have been trending somewhat positive on Friday, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Aerohive Networks earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news stories about the communications equipment provider an impact score of 45.8949592646073 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Aerohive : Greenville University Increases Wireless Network Capacity with Dual 5 GHz Solutions from Aerohive (4-traders.com)
- Mission Critical Wi-Fi Gets Resiliency Boost with Aerohive’s New SD-LAN Path Optimization and Proactive Troubleshooting (finance.yahoo.com)
- WLAN Market – Challenges, Key Vendors, Drivers, Trends and Forecast to 2027 (sbwire.com)
- Aerohive to Announce Third Quarter 2017 Financial Results on November 1 (finance.yahoo.com)
Aerohive Networks (HIVE) opened at 4.11 on Friday. Aerohive Networks has a 12 month low of $3.02 and a 12 month high of $6.14. The stock’s 50 day moving average is $3.81 and its 200-day moving average is $4.23. The firm’s market cap is $179.22 million.
Aerohive Networks (NYSE:HIVE) last announced its earnings results on Wednesday, August 2nd. The communications equipment provider reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $42.30 million during the quarter, compared to the consensus estimate of $43.11 million. Aerohive Networks had a negative net margin of 18.58% and a negative return on equity of 107.93%. Aerohive Networks’s revenue was down 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.02) EPS. On average, analysts anticipate that Aerohive Networks will post ($0.14) earnings per share for the current fiscal year.
HIVE has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Aerohive Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub lowered shares of Aerohive Networks from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, ValuEngine raised shares of Aerohive Networks from a “strong sell” rating to a “sell” rating in a research report on Monday, October 2nd. Three 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 currently has an average rating of “Hold” and a consensus target price 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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