News stories about Aerohive Networks (NYSE:HIVE) have trended somewhat positive recently, AlphaOne reports. The research group, a service of Accern, identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Aerohive Networks earned a news impact score of 0.19 on AlphaOne’s scale. AlphaOne also assigned headlines about the communications equipment provider an impact score of 87 out of 100, indicating that recent press coverage is very likely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Alpha One Sentiment Analysis’s analysis:
- Wireless Health Market to Reach $151.74 Billion With 22.2% CAGR Forecast to 2022 (free-press-release-center.info)
- Former NFL Star Aaron Hernandez Found Dead in Prison Cell (footballhebdo.com)
- Wireless Health Industry Poised to Reach $151.74 billion With CAGR of 22.2%. by 2022 (einnews.com)
- Kansas City School District Embraces IoT and Paves Way for 1:1 Learning with Aerohive Solution (finance.yahoo.com)
- $36.04 Million in Sales Expected for Aerohive Networks Inc (HIVE) This Quarter (americanbankingnews.com)
HIVE has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Aerohive Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, January 4th. JMP Securities downgraded shares of Aerohive Networks from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $4.99 to $5.24 in a research report on Monday, February 6th. Finally, William Blair reissued an “outperform” rating on shares of Aerohive Networks in a research report on Wednesday, February 15th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $6.61.
Aerohive Networks (NYSE:HIVE) traded down 0.79% during mid-day trading on Friday, reaching $3.77. 263,329 shares of the company’s stock traded hands. Aerohive Networks has a 52 week low of $3.66 and a 52 week high of $7.45. The stock’s market capitalization is $164.39 million. The stock’s 50 day moving average is $4.18 and its 200-day moving average is $5.16.
Aerohive Networks (NYSE:HIVE) last posted its quarterly earnings data on Tuesday, February 14th. The communications equipment provider reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. Aerohive Networks had a negative net margin of 21.26% and a negative return on equity of 107.34%. The firm had revenue of $41.70 million for the quarter, compared to analyst estimates of $44.07 million. During the same period last year, the firm posted ($0.03) EPS. Aerohive Networks’s quarterly revenue was down 9.8% on a year-over-year basis. On average, equities analysts anticipate that Aerohive Networks will post ($0.16) EPS for the current year.
Aerohive Networks Company Profile
Aerohive Networks, Inc, together with its subsidiaries, is engaged in designing and development of a cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge. The Company’s portfolio of products and solutions is built around sets of technologies and capabilities, which include Enterprise Cloud Networking, Wireless Fidelity (Wi-Fi) Connectivity and Application and Insights.
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