Aerohive Networks Company Profile (NYSE:HIVE)

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

Aerohive Networks, Inc. (NYSE:HIVE) posted its earnings results on Wednesday, August, 2nd. The company reported $0.01 EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.01) by $0.02. The firm earned $42.30 million during the quarter, compared to analysts' expectations of $43.11 million. Aerohive Networks had a negative net margin of 18.58% and a negative return on equity of 107.93%. The company's quarterly revenue was down 11.2% compared to the same quarter last year. During the same period last year, the company posted ($0.02) EPS. View Aerohive Networks' Earnings History.

Aerohive Networks is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for Aerohive Networks.

6 equities research analysts have issued 1-year price objectives for Aerohive Networks' shares. Their forecasts range from $5.00 to $9.00. On average, they anticipate Aerohive Networks' stock price to reach $6.05 in the next twelve months. View Analyst Ratings for Aerohive Networks.

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)

Some companies that are related to Aerohive Networks include Sonus Networks (SONS), Gilat Satellite Networks (GILT), Digi International (DGII), Calix (CALX), EMCORE Corporation (EMKR), Harmonic (HLIT), AudioCodes (AUDC), Ooma (OOMA), Clearfield (CLFD), CityFibre Infrastructure Holdings PLC (CITY), TESSCO Technologies Incorporated (TESS), Airgain (AIRG), UTStarcom Holdings Corp (UTSI), BATM Advanced Communications Ltd (BVC), SRT Marine Systems PLC (SRT), Communications Systems (JCS), Lantronix (LTRX) and Trakm8 Holdings PLC (TRAK).

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

Aerohive Networks' stock is owned by many different of retail and institutional investors. Top institutional shareholders 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.

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.

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.

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.

One share of Aerohive Networks stock can currently be purchased for approximately $3.80.