The stock of Aerohive Networks Inc (NYSE:HIVE) is a huge mover today! About 970,955 shares traded hands or 515.70% up from the average. Aerohive Networks Inc (NYSE:HIVE) has risen 6.83% since March 11, 2016 and is uptrending. It has outperformed by 1.37% the S&P500.
The move comes after 9 months negative chart setup for the $263.85 million company. It was reported on Oct, 14 by Barchart.com. We have $4.75 PT which if reached, will make NYSE:HIVE worth $29.02 million less.
Analysts await Aerohive Networks Inc (NYSE:HIVE) to report earnings on November, 2. They expect $-0.12 earnings per share, up 47.83% or $0.11 from last year’s $-0.23 per share. After $-0.13 actual earnings per share reported by Aerohive Networks Inc for the previous quarter, Wall Street now forecasts -7.69% EPS growth.
Aerohive Networks Inc (NYSE:HIVE) Ratings Coverage
Out of 5 analysts covering Aerohive Networks (NYSE:HIVE), 3 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 60% are positive. Aerohive Networks has been the topic of 8 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Aerohive Networks Inc (NYSE:HIVE) earned “Hold” rating by Wunderlich on Friday, October 14. Dougherty & Company maintained Aerohive Networks Inc (NYSE:HIVE) on Thursday, August 6 with “Buy” rating. Wunderlich initiated the stock with “Buy” rating in Wednesday, June 8 report. The stock of Aerohive Networks Inc (NYSE:HIVE) has “Buy” rating given on Wednesday, August 26 by Bank of America. The stock has “Buy” rating given by Buckingham Research on Thursday, February 4.
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.”
Insitutional Activity: The institutional sentiment decreased to 1.6 in Q2 2016. Its down 1.32, from 2.92 in 2016Q1. The ratio dived, as 6 funds sold all Aerohive Networks Inc shares owned while 14 reduced positions. 11 funds bought stakes while 21 increased positions. They now own 18.48 million shares or 1.96% more from 18.12 million shares in 2016Q1.
The New York-based Teachers Advisors Inc has invested 0% in Aerohive Networks Inc (NYSE:HIVE). The Illinois-based Northern Trust Corp has invested 0% in Aerohive Networks Inc (NYSE:HIVE). Mutual Of America Capital Ltd has 0.07% invested in the company for 473,729 shares. Moreover, Tudor Inv Et Al has 0% invested in Aerohive Networks Inc (NYSE:HIVE) for 34,408 shares. Blackrock Advisors Ltd Liability Co last reported 6,750 shares in the company. Millennium Management Ltd Liability Corporation last reported 102,303 shares in the company. Blackrock Inv Mgmt Ltd Liability Company holds 0% or 86,430 shares in its portfolio. Menta Ltd Com reported 12,235 shares or 0.01% of all its holdings. Renaissance Techs Ltd Limited Liability Company owns 741,500 shares or 0.01% of their US portfolio. Murphy Michael R has 11.33% invested in the company for 4.35 million shares. Rbf Limited Liability Co reported 19,710 shares or 0.03% of all its holdings. Granahan Invest Inc Ma owns 1.67 million shares or 0.4% of their US portfolio. Jpmorgan Chase And has 61,332 shares for 0% of their US portfolio. Prudential Inc accumulated 15,400 shares or 0% of the stock. Wells Fargo Mn reported 17,453 shares or 0% of all its holdings.
Insider Transactions: Since April 18, 2016, the stock had 0 buys, and 3 sales for $53,985 net activity. The insider Liu Changming sold 3,000 shares worth $17,580.
More important recent Aerohive Networks Inc (NYSE:HIVE) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on March 26, 2014, also Quotes.Wsj.com published article titled: “News Aerohive Networks Inc.HIVE”, Prnewswire.com published: “Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement of Aerohive …” on July 07, 2016. More interesting news about Aerohive Networks Inc (NYSE:HIVE) was released by: Thestreet.com and their article: “Why Aerohive Networks (HIVE) Stock Is Slumping Today” with publication date: October 13, 2014.
HIVE Company Profile
Aerohive Networks, Inc., incorporated on March 15, 2006, 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 primary sets of technologies and capabilities, which include Enterprise Cloud Networking, Wireless Fidelity (Wi-Fi) Connectivity and Application and Insights. The Firm conducts its business in geographic regions, including Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). The Company’s product portfolio includes hardware products, cloud network management and applications, and support services. The Company’s hardware products include access points, branch routers and access switches. The Company’s hardware products are developed by its hardware design team working in conjunction with original design maker (ODM) partners, and leverage the commercially available Wi-Fi radios, network processors, crypto accelerators and switching chips. All of the Company’s hardware products run on its HiveOS operating system, which provides the foundation for its networking platform. It sells access switches and branch routers in conjunction with a sale of Wi-Fi access points and also offers Wi-Fi access points for use with other makes access switches.
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