Media headlines about Aerohive Networks (NYSE:HIVE) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Aerohive Networks earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave press coverage about the communications equipment provider an impact score of 48.3544710039248 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Separately, ValuEngine raised shares of Aerohive Networks from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd.
HIVE stock traded down $0.08 during trading on Wednesday, hitting $4.14. The company had a trading volume of 248,500 shares, compared to its average volume of 342,411. The company has a market capitalization of $233.46 million, a P/E ratio of -10.10 and a beta of 1.16. Aerohive Networks has a fifty-two week low of $3.39 and a fifty-two week high of $6.50.
Aerohive Networks (NYSE:HIVE) last posted its quarterly earnings data on Wednesday, August 1st. The communications equipment provider reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03. The business had revenue of $40.48 million during the quarter. Aerohive Networks had a negative net margin of 13.41% and a negative return on equity of 94.49%. sell-side analysts expect that Aerohive Networks will post -0.28 EPS for the current fiscal year.
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.
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