NYSE:HIVE - Aerohive Networks Stock Price, Price Target & More

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

Aerohive Networks Inc (NYSE:HIVE) issued its earnings results on Wednesday, May, 2nd. The communications equipment provider reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. The communications equipment provider earned $35.77 million during the quarter, compared to the consensus estimate of $34.93 million. Aerohive Networks had a negative net margin of 13.93% and a negative return on equity of 95.00%. Aerohive Networks's quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.08) EPS. View Aerohive Networks' Earnings History.

Aerohive Networks is scheduled to release their next quarterly earnings announcement on Wednesday, August, 1st 2018. View Earnings Estimates for Aerohive Networks.

2 equities research analysts have issued 1-year price targets for Aerohive Networks' stock. Their forecasts range from $4.50 to $6.00. On average, they anticipate Aerohive Networks' stock price to reach $5.25 in the next twelve months. This suggests a possible upside of 29.3% from the stock's current price. View Analyst Ratings for Aerohive Networks.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Aerohive Networks in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy."

Aerohive Networks saw a drop in short interest in the month of June. As of June 15th, there was short interest totalling 573,420 shares, a drop of 35.3% from the May 31st total of 885,671 shares. Based on an average daily trading volume, of 381,201 shares, the short-interest ratio is presently 1.5 days. Approximately 1.8% of the shares of the stock are sold short. View Aerohive Networks' Current Options Chain.

Some companies that are related to Aerohive Networks include VASCO Data Security International (VDSI), Onespan (OSPN), Ribbon Communications (RBBN), Unisys (UIS), KEYW (KEYW), Agilysys (AGYS), Digimarc (DMRC), Simulations Plus (SLP), Travelzoo (TZOO), Asure Software (ASUR), Borqs Technologies (BRQS), Mattersight (MATR), CSP (CSPI), Crexendo (CXDO) and Streamline Health Solutions (STRM).

News articles about HIVE stock have been trending very positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Aerohive Networks earned a news sentiment score of 0.55 on Accern's scale. They also gave media headlines about the communications equipment provider an impact score of 46.23 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next few days.

Aerohive Networks' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Nelson Roberts Investment Advisors LLC (0.14%). Company insiders that own Aerohive Networks stock include Alan Amrod, David K Flynn, John Ritchie, Raphael Gernez and Thomas J Wilburn. View Institutional Ownership Trends for Aerohive Networks.

HIVE stock was bought by a variety of institutional investors in the last quarter, including Nelson Roberts Investment Advisors 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.

Shares of HIVE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of HIVE stock can currently be purchased for approximately $4.06.

Aerohive Networks has a market capitalization of $221.25 million and generates $152.90 million in revenue each year. The communications equipment provider earns $-22,920,000.00 in net income (profit) each year or ($0.41) on an earnings per share basis. Aerohive Networks employs 490 workers across the globe.

Aerohive Networks' mailing address is 1011 McCarthy Boulevard, Milpitas CA, 95035. The communications equipment provider can be reached via phone at 408-510-6100 or via email at [email protected]