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) released its earnings results on Wednesday, May, 2nd. The communications equipment provider reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. The communications equipment provider had revenue of $35.77 million for the quarter, compared to analyst estimates of $34.93 million. Aerohive Networks had a negative net margin of 13.93% and a negative return on equity of 95.00%. The business's quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm earned ($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 Wall Street analysts have issued 12-month price targets for Aerohive Networks' stock. Their predictions range from $4.50 to $6.00. On average, they expect Aerohive Networks' share price to reach $5.25 in the next twelve months. This suggests a possible upside of 30.3% 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 decrease in short interest during the month of June. As of June 15th, there was short interest totalling 573,420 shares, a decrease of 35.3% from the May 31st total of 885,671 shares. Based on an average daily volume of 381,201 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.8% of the shares of the company are short sold. 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).

Press coverage about HIVE stock has trended somewhat positive on Tuesday, according to Accern. Accern scores the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Aerohive Networks earned a news sentiment score of 0.13 on Accern's scale. They also gave news articles about the communications equipment provider an impact score of 46.45 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near future.

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 $4.03.

Aerohive Networks has a market capitalization of $221.79 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]