Aerohive Networks Company Profile (NYSE:HIVE)

About Aerohive Networks (NYSE:HIVE)

Aerohive Networks logoAerohive 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. It conducts its business in geographic regions, including Americas; Europe, the Middle East and Africa, and Asia Pacific. Its product portfolio includes hardware products, cloud-based network management and applications, and support services. Its hardware products include access points, branch routers and access switches. Its hardware products are developed by its hardware design team working in conjunction with original design manufacturer partners, and leverage the commercially available Wi-Fi radios, network processors, crypto accelerators and switching chips.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Communication Equipment
  • Sub-Industry: N/A
  • Symbol: NYSE:HIVE
  • CUSIP: N/A
  • Web: www.aerohive.com
Capitalization:
  • Market Cap: $206.26 million
  • Outstanding Shares: 43,606,000
Average Prices:
  • 50 Day Moving Avg: $4.04
  • 200 Day Moving Avg: $4.92
  • 52 Week Range: $3.66 - $7.45
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 78.83
  • P/E Growth: -3.75
Sales & Book Value:
  • Annual Revenue: $166.05 million
  • Price / Sales: 1.24
  • Book Value: $0.44 per share
  • Price / Book: 10.75
Profitability:
  • EBIDTA: ($27,460,000.00)
  • Net Margins: -21.26%
  • Return on Equity: -107.34%
  • Return on Assets: -23.77%
Debt:
  • Current Ratio: 1.65%
  • Quick Ratio: 1.44%
Misc:
  • Average Volume: 265,756 shs.
  • Beta: 1.66
  • Short Ratio: 10.04
 

Frequently Asked Questions for Aerohive Networks (NYSE:HIVE)

What is Aerohive Networks' stock symbol?

Aerohive Networks trades on the New York Stock Exchange (NYSE) under the ticker symbol "HIVE."

How were Aerohive Networks' earnings last quarter?

Aerohive Networks Inc (NYSE:HIVE) posted its quarterly earnings results on Wednesday, May, 3rd. The company reported ($0.14) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.23) by $0.09. The business earned $36.35 million during the quarter, compared to analyst estimates of $35.88 million. Aerohive Networks had a negative net margin of 21.26% and a negative return on equity of 107.34%. The company's revenue was down 9.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.13) earnings per share. View Aerohive Networks' Earnings History.

When will Aerohive Networks make its next earnings announcement?

Aerohive Networks is scheduled to release their next quarterly earnings announcement on Tuesday, August, 1st 2017. View Earnings Estimates for Aerohive Networks.

What guidance has Aerohive Networks issued on next quarter's earnings?

Aerohive Networks issued an update on its second quarter earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of $0.00-0.01 for the period, compared to the Thomson Reuters consensus estimate of ($0.03).

Where is Aerohive Networks' stock going? Where will Aerohive Networks' stock price be in 2017?

7 brokerages have issued 12 month price objectives for Aerohive Networks' shares. Their predictions range from $5.00 to $9.00. On average, they expect Aerohive Networks' stock price to reach $6.29 in the next twelve months. View Analyst Ratings for Aerohive Networks.

What are analysts saying about Aerohive Networks stock?

Here are some recent quotes from research analysts about Aerohive Networks stock:

  • 1. According to Zacks Investment Research, "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. " (5/22/2017)
  • 2. Wunderlich analysts commented, "more progress than we expected."Quarter, In ReviewAccording to Robison, Aerohive's quarter was supported by improvements in product development, better sales execution and an activity level from a key partner Dell, which even surpassed management's expectations in the quarter. In fact, the company is now expected to achieve break-even non-GAAP operating income and earnings per share in the current quarter, which is two quarters ahead of what the analyst was expecting.Robison continued that Aerohive's era of burning "significant" (5/4/2017)
  • 3. William Blair analysts commented, "Aerohive delivered a mixed fiscal fourth quarter, beating expectations on the bottom line while missing on total revenue. Management attributed the revenue declines (down 10% year-over-year) to ongoing operational issues related to administration of the 2016 E-rate program(roughly two-thirds of funding letters were approved by year-end, versus a nearly 90% approval rate a year ago), although the rest of the business performed largely as expected. On a positive note, Aerohive continues to see early traction from wave 2 access points (33% of access point revenue in the quarter), as well as steady momentum from recent industry and channel alliances (Dell was 10% of revenue in the fourth quarter). Record gross margin was another highlight in the quarter, driven by strong service gross margin (highest in seven quarters). In addition, Aerohive announced the hiring of Ron Gill as its new vice president of Americas sales (previously vice president'Americas enterprise sales at Ruckus)." (2/15/2017)

Who are some of Aerohive Networks' key competitors?

Who owns Aerohive Networks stock?

Aerohive Networks' stock is owned by a number of of retail and institutional investors. Top institutional investors include NEA Management Company LLC (9.88%), Boston Partners (5.97%), Granahan Investment Management Inc. MA (2.93%), Institutional Venture Management XIII LLC (2.54%), Vanguard Group Inc. (2.19%) and Yiheng Capital LLC (2.16%). Company insiders that own Aerohive Networks stock include Changming Liu, David K Flynn, Efstathios Papaefstathiou, John Ritchie, Raphael Gernez and Thomas J Wilburn. View Institutional Ownership Trends for Aerohive Networks.

Who sold Aerohive Networks stock? Who is selling Aerohive Networks stock?

Aerohive Networks' stock was sold by a variety of institutional investors in the last quarter, including Granahan Investment Management Inc. MA, NEA Management Company LLC, Renaissance Technologies LLC, United Services Automobile Association, Morgan Stanley, JPMorgan Chase & Co., TIAA CREF Investment Management LLC and Bank of New York Mellon Corp. Company insiders that have sold Aerohive Networks stock in the last year include Changming Liu, Raphael Gernez and Thomas J Wilburn. View Insider Buying and Selling for Aerohive Networks.

Who bought Aerohive Networks stock? Who is buying Aerohive Networks stock?

Aerohive Networks' stock was purchased by a variety of institutional investors in the last quarter, including Boston Partners, VIEX Capital Advisors LLC, Russell Investments Group Ltd., Spark Investment Management LLC, Vanguard Group Inc., Mutual of America Capital Management LLC, Yiheng Capital LLC and Stoneridge Investment Partners LLC. Company insiders that have bought Aerohive Networks stock in the last two years include David K Flynn and John Ritchie. View Insider Buying and Selling for Aerohive Networks.

How do I buy Aerohive Networks stock?

Shares of Aerohive Networks can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Aerohive Networks stock cost?

One share of Aerohive Networks stock can currently be purchased for approximately $4.73.

Analyst Ratings

Consensus Ratings for Aerohive Networks (NYSE:HIVE) (?)
Ratings Breakdown: 3 Hold Ratings, 4 Buy Ratings
Consensus Rating:Buy (Score: 2.57)
Consensus Price Target: $6.29 (32.98% upside)

Analysts' Ratings History for Aerohive Networks (NYSE:HIVE)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/19/2017DA DavidsonReiterated RatingBuy$9.00MediumView Rating Details
5/4/2017WunderlichUpgradeHold -> Buy$5.00HighView Rating Details
2/15/2017William BlairReiterated RatingOutperformN/AView Rating Details
2/6/2017JMP SecuritiesDowngradeOutperform -> Market Perform$4.99 -> $5.24N/AView Rating Details
10/15/2016Goldman Sachs Group IncReiterated RatingNeutral$7.00 -> $6.00N/AView Rating Details
10/14/2016Buckingham ResearchDowngradeBuy -> Neutral$8.00 -> $5.00N/AView Rating Details
8/5/2016Piper Jaffray CompaniesReiterated RatingOverweight$7.20 -> $7.50N/AView Rating Details
2/6/2016Bank of America CorpReiterated RatingUnderperform$7.00 -> $6.00N/AView Rating Details
2/4/2016Dougherty & CoBoost Price Target$6.00 -> $7.00N/AView Rating Details
6/3/2015Citigroup IncInitiated CoverageNeutralN/AView Rating Details
(Data available from 5/23/2015 forward)

Earnings

Earnings History for Aerohive Networks (NYSE:HIVE)
Earnings by Quarter for Aerohive Networks (NYSE:HIVE)
Earnings History by Quarter for Aerohive Networks (NYSE:HIVE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/1/2017        
5/3/2017Q1 2017($0.23)($0.14)$35.88 million$36.35 millionViewListenView Earnings Details
2/14/2017Q416($0.07)($0.04)$44.07 million$41.70 millionViewListenView Earnings Details
11/2/2016Q316($0.07)($0.06)$40.00 million$40.40 millionViewN/AView Earnings Details
8/3/2016Q216($0.06)($0.02)$47.44 million$47.63 millionViewN/AView Earnings Details
5/4/2016Q116($0.16)($0.13)$39.60 million$40.10 millionViewN/AView Earnings Details
2/3/2016Q415($0.08)($0.04)$45.92 million$46.20 millionViewN/AView Earnings Details
11/4/2015Q315($0.13)($0.12)$41.34 million$42.80 millionViewN/AView Earnings Details
8/5/2015Q215($0.21)($0.24)$35.07 million$36.80 millionViewN/AView Earnings Details
5/6/2015Q115($0.26)($0.35)$26.80 million$25.80 millionViewN/AView Earnings Details
2/11/2015Q414($0.11)($0.09)$36.20 million$36.20 millionViewN/AView Earnings Details
11/5/2014Q314($0.11)($0.10)$35.93 million$35.30 millionViewN/AView Earnings Details
8/6/2014Q214($0.12)($0.14)$35.82 million$37.60 millionViewN/AView Earnings Details
5/8/2014Q114($1.32)($0.97)$26.08 million$28.20 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Aerohive Networks (NYSE:HIVE)
Current Year EPS Consensus Estimate: $-0.06 EPS
Next Year EPS Consensus Estimate: $0.06 EPS

Dividends

Dividend History for Aerohive Networks (NYSE:HIVE)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Aerohive Networks (NYSE:HIVE)
Insider Ownership Percentage: 36.18%
Institutional Ownership Percentage: 51.35%
Insider Trades by Quarter for Aerohive Networks (NYSE:HIVE)
Institutional Ownership by Quarter for Aerohive Networks (NYSE:HIVE)
Insider Trades by Quarter for Aerohive Networks (NYSE:HIVE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/16/2017David K FlynnCEOBuy40,000$4.30$172,000.00View SEC Filing  
5/16/2017John RitchieCFOBuy20,000$4.31$86,200.00View SEC Filing  
12/16/2016Thomas J WilburnSVPSell20,000$6.00$120,000.00View SEC Filing  
12/5/2016Raphael GernezSVPSell495$5.26$2,603.70View SEC Filing  
5/26/2016Changming LiuDirectorSell3,000$6.34$19,020.00View SEC Filing  
5/17/2016Changming LiuDirectorSell3,000$5.86$17,580.00View SEC Filing  
4/19/2016Changming LiuDirectorSell3,000$5.80$17,400.00View SEC Filing  
4/18/2016Changming LiuDirectorSell1,500$5.82$8,730.00View SEC Filing  
4/8/2016Changming LiuDirectorSell3,000$5.57$16,710.00View SEC Filing  
3/24/2016Changming LiuDirectorSell3,000$5.15$15,450.00View SEC Filing  
3/9/2016Changming LiuDirectorSell3,000$5.15$15,450.00View SEC Filing  
2/25/2016Changming LiuDirectorSell3,000$5.00$15,000.00View SEC Filing  
2/12/2016Changming LiuDirectorSell3,000$4.89$14,670.00View SEC Filing  
1/28/2016Changming LiuDirectorSell3,000$4.41$13,230.00View SEC Filing  
1/15/2016Changming LiuDirectorSell3,000$4.40$13,200.00View SEC Filing  
12/30/2015Changming LiuDirectorSell1,500$5.09$7,635.00View SEC Filing  
12/29/2015Changming LiuDirectorSell1,500$5.05$7,575.00View SEC Filing  
12/15/2015Changming LiuDirectorSell3,000$5.35$16,050.00View SEC Filing  
12/4/2015Changming LiuDirectorSell3,000$5.97$17,910.00View SEC Filing  
11/25/2015Changming LiuDirectorSell3,000$6.09$18,270.00View SEC Filing  
11/17/2015Changming LiuDirectorSell3,000$6.00$18,000.00View SEC Filing  
11/6/2015Efstathios PapaefstathiouSVPSell27,308$6.45$176,136.60View SEC Filing  
10/21/2015Changming LiuDirectorSell3,000$6.51$19,530.00View SEC Filing  
10/8/2015Changming LiuDirectorSell3,000$6.82$20,460.00View SEC Filing  
9/24/2015Changming LiuDirectorSell3,000$5.90$17,700.00View SEC Filing  
9/4/2015David K FlynnCEOBuy3,728$6.16$22,964.48View SEC Filing  
9/3/2015David K FlynnCEOBuy36,272$6.02$218,357.44View SEC Filing  
8/18/2015Changming LiuDirectorSell4,200$7.69$32,298.00View SEC Filing  
7/10/2015Changming LiuDirectorSell4,200$6.90$28,980.00View SEC Filing  
6/25/2015Changming LiuDirectorSell4,200$7.50$31,500.00View SEC Filing  
6/9/2015Changming LiuDirectorSell4,200$7.30$30,660.00View SEC Filing  
5/29/2015Changming LiuDirectorSell4,200$7.15$30,030.00View SEC Filing  
5/19/2015Changming LiuDirectorSell4,200$6.66$27,972.00View SEC Filing  
5/18/2015Changming LiuDirectorSell2,100$6.73$14,133.00View SEC Filing  
4/29/2015Changming LiuDirectorSell4,200$6.06$25,452.00View SEC Filing  
4/16/2015Changming LiuDirectorSell42,000$5.02$210,840.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Aerohive Networks (NYSE:HIVE)
Latest Headlines for Aerohive Networks (NYSE:HIVE)
Source:
DateHeadline
finance.yahoo.com logoAerohive Connect Now Available Across Entire Portfolio
finance.yahoo.com - May 23 at 11:32 AM
americanbankingnews.com logoAerohive Networks Inc (HIVE) Receives Consensus Recommendation of "Buy" from Analysts
www.americanbankingnews.com - May 23 at 7:34 AM
americanbankingnews.com logoAerohive Networks Inc (HIVE) Raised to "Buy" at Zacks Investment Research
www.americanbankingnews.com - May 23 at 12:02 AM
americanbankingnews.com logoAerohive Networks Inc (HIVE) Rating Reiterated by DA Davidson
www.americanbankingnews.com - May 20 at 8:18 AM
seekingalpha.com logoAerohive Networks (HIVE) Presents At Needham Emerging Technology Conference - Slideshow
seekingalpha.com - May 19 at 5:27 PM
finance.yahoo.com logoETFs with exposure to Aerohive Networks, Inc. : May 19, 2017
finance.yahoo.com - May 19 at 5:27 PM
americanbankingnews.com logoDavid K. Flynn Purchases 40,000 Shares of Aerohive Networks Inc (HIVE) Stock
www.americanbankingnews.com - May 17 at 8:10 PM
finance.yahoo.com logoAerohive to Speak at Interop ITX on IoT, Wireless and Mobility
finance.yahoo.com - May 17 at 10:13 AM
americanbankingnews.com logoAerohive Networks Inc (HIVE) CFO John Ritchie Buys 20,000 Shares
www.americanbankingnews.com - May 16 at 8:22 PM
finance.yahoo.com logoAerohive Announces 2017 Partner Roadshow in North America
finance.yahoo.com - May 10 at 1:28 PM
americanbankingnews.com logo Analysts Anticipate Aerohive Networks Inc (HIVE) Will Announce Quarterly Sales of $42.22 Million
www.americanbankingnews.com - May 10 at 11:14 AM
finance.yahoo.com logoAerohive to Demonstrate Cloud-Management of Dell / Aerohive Networks at Dell EMC World
finance.yahoo.com - May 8 at 5:23 PM
finance.yahoo.com logoETFs with exposure to Aerohive Networks, Inc. : May 8, 2017
finance.yahoo.com - May 8 at 5:23 PM
americanbankingnews.com logo Brokerages Anticipate Aerohive Networks Inc (HIVE) Will Announce Earnings of -$0.15 Per Share
www.americanbankingnews.com - May 8 at 12:20 PM
benzinga.com logoAerohive Could Break Even In The Next 2 Quarters; Wunderlich Upgrades To Buy
www.benzinga.com - May 5 at 9:17 PM
finance.yahoo.com logoAerohive Networks, Inc. :HIVE-US: Earnings Analysis: Q1, 2017 By the Numbers : May 5, 2017
finance.yahoo.com - May 5 at 4:15 PM
finance.yahoo.com logoAerohive to Present at the Needham Emerging Technology Conference on May 16
finance.yahoo.com - May 4 at 5:51 PM
finance.yahoo.com logoEdited Transcript of HIVE earnings conference call or presentation 3-May-17 9:00pm GMT
finance.yahoo.com - May 4 at 8:56 AM
americanbankingnews.com logoAerohive Networks Inc (HIVE) Upgraded to "Buy" at Wunderlich
www.americanbankingnews.com - May 4 at 8:38 AM
americanbankingnews.com logoAerohive Networks Inc (HIVE) Issues Q2 Earnings Guidance
www.americanbankingnews.com - May 4 at 1:12 AM
americanbankingnews.com logoAerohive Networks Inc (HIVE) Releases Earnings Results, Beats Estimates By $0.02 EPS
www.americanbankingnews.com - May 4 at 1:05 AM
americanbankingnews.com logoAerohive Networks Inc (HIVE) Announces Quarterly Earnings Results
www.americanbankingnews.com - May 4 at 1:03 AM
finance.yahoo.com logoAerohive Networks Reports Q1 2017 Results; Guides to Profitability in Q2
finance.yahoo.com - May 3 at 9:41 PM
marketbeat.com logoAerohive Networks reports 1Q loss
marketbeat.com - May 3 at 7:15 PM
americanbankingnews.com logoAerohive Networks (HIVE) Earns Daily News Sentiment Rating of 0.07
www.americanbankingnews.com - May 3 at 5:22 PM
finance.yahoo.com logoMcAllen Independent School District Digitally Transforms Learning Environment with Aerohive and Dell EMC
finance.yahoo.com - May 2 at 10:05 AM
americanbankingnews.com logoAerohive Networks Inc (HIVE) to Release Earnings on Wednesday
www.americanbankingnews.com - May 1 at 9:40 AM
americanbankingnews.com logoSomewhat Favorable Press Coverage Likely to Affect Aerohive Networks (HIVE) Stock Price
www.americanbankingnews.com - April 30 at 6:05 PM
americanbankingnews.com logoAerohive Networks Inc (HIVE) Given Consensus Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - April 28 at 10:35 AM
americanbankingnews.com logoAerohive Networks (HIVE) Earning Somewhat Favorable News Coverage, AlphaOne Reports
www.americanbankingnews.com - April 27 at 10:40 PM
americanbankingnews.com logoSomewhat Positive Press Coverage Very Likely to Affect Aerohive Networks (HIVE) Stock Price
www.americanbankingnews.com - April 21 at 8:54 PM
finance.yahoo.com logoKansas City School District Embraces IoT and Paves Way for 1:1 Learning with Aerohive Solution
finance.yahoo.com - April 20 at 11:50 AM
americanbankingnews.com logo$36.04 Million in Sales Expected for Aerohive Networks Inc (HIVE) This Quarter
www.americanbankingnews.com - April 19 at 11:39 AM
americanbankingnews.com logoSomewhat Negative News Coverage Likely to Impact Aerohive Networks (HIVE) Stock Price
www.americanbankingnews.com - April 18 at 7:13 PM
americanbankingnews.com logo-$0.23 Earnings Per Share Expected for Aerohive Networks Inc (HIVE) This Quarter
www.americanbankingnews.com - April 17 at 1:30 PM
americanbankingnews.com logoAerohive Networks (HIVE) Getting Very Positive Press Coverage, Analysis Shows
www.americanbankingnews.com - April 15 at 8:26 AM
finance.yahoo.com logoAerohive Helps Channel Partners Grow Their Managed Services Business
finance.yahoo.com - April 11 at 12:04 PM
finance.yahoo.com logoETFs with exposure to Aerohive Networks, Inc. : April 7, 2017
finance.yahoo.com - April 7 at 5:35 PM
finance.yahoo.com logoAerohive to Announce First Quarter 2017 Financial Results on May 3
finance.yahoo.com - April 7 at 10:14 AM
americanbankingnews.com logoAerohive Networks Inc (HIVE) Downgraded to "Market Perform" at JMP Securities
www.americanbankingnews.com - April 2 at 3:30 PM
finance.yahoo.com logoSYNNEX Corporation Earns Status as Aerohive Networks' First Training Center
finance.yahoo.com - March 28 at 5:18 PM
finance.yahoo.com logoAerohive to Speak at Enterprise Connect 2017 Conference on IoT and What’s Next for Wi-Fi
finance.yahoo.com - March 28 at 5:18 PM
finance.yahoo.com logoParadata Nears Completion of $10 Million Financing Round as SAP.iO Joins to Speed Delivery of Unique, Smart Supply Chain SaaS Solution
finance.yahoo.com - March 23 at 6:15 PM
biz.yahoo.com logoAEROHIVE NETWORKS, INC Files SEC form 10-K, Annual Report
biz.yahoo.com - February 24 at 6:58 PM
finance.yahoo.com logoMichael O’Brien of Aerohive Networks Recognized as 2017 CRN Channel Chief
finance.yahoo.com - February 22 at 12:53 PM
finance.yahoo.com logoEdited Transcript of HIVE earnings conference call or presentation 14-Feb-17 10:00pm GMT
finance.yahoo.com - February 16 at 5:36 PM
finance.yahoo.com logoAerohive to Present at Upcoming Conferences
finance.yahoo.com - February 16 at 5:36 PM
reuters.com logoBRIEF-Aerohive Networks Qtrly loss per share $0.14
www.reuters.com - February 14 at 11:57 PM
biz.yahoo.com logoQ4 2016 Aerohive Networks Inc Earnings Release - After Market Close
us.rd.yahoo.com - February 14 at 11:57 PM
us.rd.yahoo.com logoAerohive Networks Reports Fourth Quarter and Fiscal Year 2016 Results
us.rd.yahoo.com - February 14 at 11:57 PM

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Aerohive Networks (HIVE) Chart for Tuesday, May, 23, 2017

This page was last updated on 5/23/2017 by MarketBeat.com Staff