Aerohive Networks (NYSE:HIVE) Receiving Somewhat Favorable News Coverage, Analysis Finds

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Media coverage about Aerohive Networks (NYSE:HIVE) has trended somewhat positive recently, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Aerohive Networks earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the communications equipment provider an impact score of 46.6060162624795 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news articles that may have impacted Accern’s analysis:

Several brokerages have issued reports on HIVE. ValuEngine upgraded Aerohive Networks from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Zacks Investment Research downgraded Aerohive Networks from a “hold” rating to a “sell” rating in a research report on Wednesday, April 11th. Finally, Pi Financial dropped their target price on Aerohive Networks from $5.25 to $4.50 in a research report on Friday, March 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $5.08.

Shares of Aerohive Networks traded up $0.17, reaching $4.41, during trading on Friday, reports. 647,611 shares of the company were exchanged, compared to its average volume of 308,204. Aerohive Networks has a twelve month low of $3.02 and a twelve month high of $6.50. The stock has a market cap of $231.63 million, a PE ratio of -10.76 and a beta of 1.15.

Aerohive Networks (NYSE:HIVE) last posted its earnings results on Wednesday, May 2nd. The communications equipment provider reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. Aerohive Networks had a negative return on equity of 95.00% and a negative net margin of 13.93%. The firm had revenue of $35.77 million during the quarter, compared to analysts’ expectations of $34.93 million. During the same period in the previous year, the firm earned ($0.08) earnings per share. The company’s revenue was down 1.5% on a year-over-year basis. research analysts predict that Aerohive Networks will post -0.31 earnings per share for the current fiscal year.

In other news, SVP Alan Amrod sold 62,177 shares of the company’s stock in a transaction dated Tuesday, May 29th. The stock was sold at an average price of $4.22, for a total transaction of $262,386.94. Following the completion of the transaction, the senior vice president now directly owns 103,125 shares of the company’s stock, valued at $435,187.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 26.13% of the stock is currently owned by insiders.

About Aerohive Networks

Aerohive Networks, Inc, together with its subsidiaries, designs and develops cloud networking and enterprise Wi-Fi solutions in the Americas, Europe, the Middle East and Africa, and the Asia Pacific. The company provides hardware products, such as wireless access points, branch routers, and switches; tiered maintenance and support services comprising technical support, bug fixes, access to priority hardware replacement service, and unspecified upgrades; and Software as a Service subscriptions, including comparable maintenance and support services.

Insider Buying and Selling by Quarter for Aerohive Networks (NYSE:HIVE)

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