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 quarterly earnings results on Wednesday, May, 2nd. The communications equipment provider reported ($0.06) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.07) by $0.01. The communications equipment provider earned $35.77 million during the quarter, compared to analyst estimates of $34.93 million. Aerohive Networks had a negative return on equity of 95.00% and a negative net margin of 13.93%. The business's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company 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 brokerages have issued twelve-month price objectives 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 28.4% 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 decline in short interest during the month of June. As of June 15th, there was short interest totalling 573,420 shares, a decline of 35.3% from the May 31st total of 885,671 shares. Based on an average trading volume of 381,201 shares, the short-interest ratio is currently 1.5 days. Approximately 1.8% of the company's 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).

Press coverage about HIVE stock has trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Aerohive Networks earned a media sentiment score of 0.15 on Accern's scale. They also gave news articles about the communications equipment provider an impact score of 46.13 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

Aerohive Networks' stock is owned by many different of retail and institutional investors. Top institutional shareholders 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 $4.09.

Aerohive Networks has a market capitalization of $223.43 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]