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: Technology
  • Industry: Communications & Networking
  • Sub-Industry: N/A
  • Symbol: NYSE:HIVE
  • CUSIP: N/A
  • Web:
  • Market Cap: $169.19 million
  • Outstanding Shares: 43,606,000
Average Prices:
  • 50 Day Moving Avg: $3.56
  • 200 Day Moving Avg: $4.26
  • 52 Week Range: $3.02 - $6.35
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -194.00
  • P/E Growth: -1.39
Sales & Book Value:
  • Annual Revenue: $160.72 million
  • Price / Sales: 1.05
  • Book Value: $0.48 per share
  • Price / Book: 8.08
  • EBIDTA: ($23,730,000.00)
  • Net Margins: -9.16%
  • Return on Equity: -64.03%
  • Return on Assets: -11.60%
  • Debt-to-Equity Ratio: 0.79%
  • Current Ratio: 2.21%
  • Quick Ratio: 1.95%
  • Average Volume: 512,270 shs.
  • Beta: 1.53
  • Short Ratio: 3.45

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) released its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.01) by $0.02. The business had revenue of $42.30 million for the quarter, compared to analyst estimates of $43.11 million. Aerohive Networks had a negative net margin of 9.16% and a negative return on equity of 64.03%. The business's revenue for the quarter was down 11.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.02) 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, October, 31st 2017. View Earnings Estimates for Aerohive Networks.

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

6 equities research analysts have issued 12 month price targets for Aerohive Networks' shares. Their forecasts range from $5.00 to $9.00. On average, they expect Aerohive Networks' stock price to reach $6.05 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. " (8/8/2017)
  • 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 are Aerohive Networks' key executives?

Aerohive Networks' management team includes the folowing people:

  • David K. Flynn, Chairman of the Board, President, Chief Executive Officer
  • John Ritchie, Chief Financial Officer, Chief Operating Officer, Senior Vice President
  • David Greene, Senior Vice President, Chief Marketing Officer
  • Thomas J. Wilburn, Senior Vice President - Worldwide Sales
  • Raphael Gernez, Senior Vice President - Operations
  • Changming Liu, Chief Technology Officer, Director
  • Steve Debenham, Vice President, General Counsel, Secretary
  • Frank J. Marshall, Lead Independent Director
  • Remo E. Canessa, Independent Director
  • Curtis Evander Garner III, Independent Director

Who owns Aerohive Networks stock?

Aerohive Networks' stock is owned by a variety of of institutional and retail investors. Top institutional investors include SQN Investors LP (6.31%), Boston Partners (5.71%), Yiheng Capital LLC (2.20%), Vanguard Group Inc. (2.11%), NEA Management Company LLC (2.57%) and Institutional Venture Management XIII LLC (2.06%). 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 NEA Management Company LLC, SQN Investors LP, Mutual of America Capital Management LLC, Boston Partners, New York State Common Retirement Fund, Wells Fargo & Company MN and Goldman Sachs Group Inc.. Company insiders that have sold Aerohive Networks stock in the last year include 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 bought by a variety of institutional investors in the last quarter, including Cooper Creek Partners Management LLC, Marshall Wace North America L.P., S Squared Technology LLC, Russell Investments Group Ltd., Yiheng Capital LLC, GSA Capital Partners LLP, Vanguard Group Inc. and Parametric Portfolio Associates 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.

What is Aerohive Networks' stock price today?

One share of Aerohive Networks stock can currently be purchased for approximately $3.88.

MarketBeat Community Rating for Aerohive Networks (NYSE HIVE)
Community Ranking:  3.3 out of 5 (star star star)
Outperform Votes:  184 (Vote Outperform)
Underperform Votes:  96 (Vote Underperform)
Total Votes:  280
MarketBeat's community ratings are surveys of what our community members think about Aerohive Networks and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Aerohive Networks (NYSE:HIVE) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Hold Ratings, 3 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $6.05 (55.88% upside)

Analysts' Ratings History for Aerohive Networks (NYSE:HIVE)
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, Inc. (The)Reiterated 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 CorporationReiterated RatingUnderperform$7.00 -> $6.00N/AView Rating Details
2/4/2016Dougherty & CoBoost Price Target$6.00 -> $7.00N/AView Rating Details
(Data available from 9/26/2015 forward)


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
10/31/2017N/AView Earnings Details
8/2/2017Q2 2017($0.01)$0.01$43.11 million$42.30 millionViewListenView Earnings Details
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)


Earnings Estimates for Aerohive Networks (NYSE:HIVE)
Current Year EPS Consensus Estimate: $-0.14 EPS
Next Year EPS Consensus Estimate: $-0.02 EPS


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

Insider Trades

Insider Trading and Institutional Ownership History for Aerohive Networks (NYSE:HIVE)
Insider Ownership Percentage: 26.23%
Institutional Ownership Percentage: 44.70%
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)


Headline Trends for Aerohive Networks (NYSE:HIVE)
Latest Headlines for Aerohive Networks (NYSE:HIVE)
DateHeadline logoAerohive Powers Retail Wi-Fi Solution for Savers, Largest Thrift Store Chain in North America - September 26 at 11:12 AM logoIIROC Trading Halt - HIVE - September 22 at 12:39 PM logoAerohive Enhances SD-LAN Extensibility, Extending sFlow Across Entire Wi-Fi Portfolio - September 22 at 12:39 PM logoIIROC Trading Resumption - CIT.H; HIVE - September 22 at 12:39 PM logoRed Flags At Ubiquiti - September 20 at 12:47 AM logoHIVE Blockchain Completes Acquisition of Data Centre in Iceland and Forms Strategic Partnership with Genesis Mining - September 16 at 12:19 AM logoAerohive Introduces the Industry’s Broadest Range of Cloud Networking Deployment Options - September 14 at 8:14 PM logoAerohive Challenges the Access Networking Market Status Quo by Introducing Two Unique Management Capabilities - September 7 at 7:42 PM logoAerohive Networks, Inc. (HIVE) Receives Consensus Recommendation of "Hold" from Brokerages - September 2 at 4:40 AM logoETFs with exposure to Aerohive Networks, Inc. : September 1, 2017 - September 2 at 12:55 AM logoAerohive Creates a Ruckus in the Hospitality Wi-Fi Market with Advanced Service Provider Platform - August 31 at 7:23 PM logoAerohive and WAV Partner to Address Growing Demand for Cloud Networking Solutions for Integrators, MSP, and Hospitality Service Providers - August 31 at 7:23 PM logoCritical Contrast: Aerohive Networks (HIVE) vs. Regal Beloit Corporation (RBC) - August 31 at 4:24 PM logoAerohive Networks, Inc. :HIVE-US: Earnings Analysis: Q2, 2017 By the Numbers : August 29, 2017 - August 29 at 8:03 PM, Inc.: FinancialForce Further Strengthens Leadership Team with the Appointment of Gordy Brooks as Chief Financial Officer - August 26 at 5:29 AM logoAerohive to Participate at Dell EMC’s Technical Resource Seminar - August 25 at 6:38 AM logoAerohive Takes ‘FASTPATH’ to Cloud-Managed Switch Stacking - August 25 at 6:38 AM logoAnalyzing Regal Beloit Corporation (RBC) and Aerohive Networks (HIVE) - August 25 at 6:28 AM logoAerohive Networks (HIVE) and MTS Systems Corporation (MTSC) Critical Comparison - August 23 at 2:06 AM logoAerohive Receives the Channel Company’s Xcellence Award for Best Newcomer at the XChange 2017 Conference - August 18 at 7:21 PM logoThe Walls Are Talking: Aerohive Delivers Combination Wallplate Access Point and Switch with Embedded IoT Capability - August 15 at 8:07 PM logoAerohive to Speak at XChange® on How Channel Partners Can Increase Recurring Revenue With Cloud Wi-Fi - August 14 at 7:49 PM logoZacks: Analysts Anticipate Aerohive Networks, Inc. (HIVE) Will Post Quarterly Sales of $41.96 Million - August 13 at 10:10 AM logoAerohive Innovation is Driving the Adoption of 802.11ac Wave 2 Dual 5 GHz Access Point Technology - August 11 at 2:17 AM logoRegal Beloit Corporation (RBC) versus Aerohive Networks (NYSE:HIVE) Critical Review - August 9 at 7:52 AM logoAerohive Networks, Inc. (NYSE:HIVE) Downgraded to "Sell" at Zacks Investment Research - August 9 at 12:38 AM logoAerohive Networks, Inc. (HIVE) Given Consensus Rating of "Hold" by Analysts - August 8 at 7:46 AM logoEdited Transcript of HIVE earnings conference call or presentation 2-Aug-17 9:00pm GMT - August 4 at 12:32 AM logoHead-To-Head Comparison: Regal Beloit Corporation (RBC) versus Aerohive Networks (HIVE) - August 3 at 8:29 AM logoBRIEF-Aerohive announces extension of $10m share repurchase program - August 3 at 12:59 AM logoAerohive Networks, Inc. (HIVE) Announces Quarterly Earnings Results - August 2 at 9:02 PM logoInvestor Network: Aerohive Networks, Inc. to Host Earnings Call - August 2 at 7:58 PM logoAerohive Networks Reports Q2 2017 Results; Achieves Record Subscription and Support Revenue and Non-GAAP Profitability - August 2 at 7:58 PM logoAerohive Announces Extension of $10M Share Repurchase Program - August 2 at 7:57 PM logoAerohive Achieves Unmatched Scale and Flexibility in Cloud-Managed Networking - August 2 at 7:57 PM logoAerohive Networks reports 2Q loss - August 2 at 7:57 PM logoAnalyzing Polar Power (POLA) and Aerohive Networks (NYSE:HIVE) - July 30 at 4:06 PM logoAerohive Networks, Inc. (NYSE:HIVE) Stock Rating Lowered by BidaskClub - July 29 at 4:10 PM logoHead-To-Head Analysis: Smith (A.O.) Corporation (AOS) versus Aerohive Networks (HIVE) - July 28 at 7:42 AM logoAerohive to Present at the Oppenheimer 20th Annual Technology, Internet & Communications Conference on August 9 - July 26 at 8:50 PM logoAerohive Networks, Inc. (NYSE:HIVE) to Release Quarterly Earnings on Tuesday - July 25 at 7:06 AM logo$43.13 Million in Sales Expected for Aerohive Networks, Inc. (HIVE) This Quarter - July 23 at 7:51 AM logoAerohive Networks, Inc. (HIVE) Receives Consensus Recommendation of "Hold" from Analysts - July 14 at 12:32 PM logoAerohive to Announce Second Quarter 2017 Financial Results on August 2 - July 12 at 8:32 PM logoAerohive Networks, Inc. (NYSE:HIVE) Downgraded by BidaskClub to Sell - July 8 at 6:32 PM logoTech & Learning Selects Aerohive Connect as Best of Show at ISTE 2017 - July 7 at 6:07 AM logoAerohive Networks, Inc. (HIVE) Expected to Announce Quarterly Sales of $43.02 Million - June 29 at 9:50 AM logo-$0.11 Earnings Per Share Expected for Aerohive Networks, Inc. (HIVE) This Quarter - June 27 at 6:22 PM logoAerohive Networks to Showcase the Most-Adaptable Wireless Infrastructure for the Connected Classroom at ISTE 2017 in Booth #332 - June 26 at 9:28 AM logoAerohive Delivers the Power and Simplicity of Cloud Networking to On-Premises Environments - June 23 at 5:20 AM



Aerohive Networks (HIVE) Chart for Tuesday, September, 26, 2017

This page was last updated on 9/26/2017 by Staff