AEROHIVE NETWORKS (NYSE:HIVE) Sentiment Falls in Q1 2018

June 18, 2018 - By Nellie Frank

Aerohive Networks, Inc. (NYSE:HIVE) Logo


AEROHIVE NETWORKS (NYSE:HIVE) institutional sentiment decreased to 1.13 in 2018 Q1. Its down -1.02, from 2.15 in 2017Q4. The ratio dropped, as 43 active investment managers opened new or increased holdings, while 38 trimmed and sold stock positions in AEROHIVE NETWORKS. The active investment managers in our partner’s database now have: 22.07 million shares, up from 21.23 million shares in 2017Q4. Also, the number of active investment managers holding AEROHIVE NETWORKS in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 19 Reduced: 19 Increased: 25 New Position: 18.

Aerohive Networks, Inc., together with its subsidiaries, creates and develops cloud networking and enterprise Wi-Fi solutions in Americas, Europe, the Middle East and Africa, and the Asia Pacific. The company has market cap of $230.54 million. The firm 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. It currently has negative earnings. The Company’s cloud product comprises HiveManager, a network management application; and Mobility Suite, which includes guest access, personal device access, ID manager, and social login applications.

The stock decreased 0.94% or $0.04 during the last trading session, reaching $4.22. About 3,215 shares traded. Aerohive Networks, Inc. (NYSE:HIVE) has declined 14.05% since June 18, 2017 and is downtrending. It has underperformed by 26.62% the S&P500.

Analysts await Aerohive Networks, Inc. (NYSE:HIVE) to report earnings on August, 1. They expect $-0.09 EPS, down 28.57 % or $0.02 from last year’s $-0.07 per share. After $-0.13 actual EPS reported by Aerohive Networks, Inc. for the previous quarter, Wall Street now forecasts -30.77 % EPS growth.

Institutional Venture Management Xiii Llc holds 1.75% of its portfolio in Aerohive Networks, Inc. for 1.11 million shares. S Squared Technology Llc owns 457,805 shares or 1.58% of their US portfolio. Moreover, Granahan Investment Management Inc Ma has 0.35% invested in the company for 1.19 million shares. The California-based Menta Capital Llc has invested 0.24% in the stock. Spark Investment Management Llc, a New York-based fund reported 531,000 shares.

Since January 1, 0001, it had 0 buys, and 1 insider sale for $262,244 activity.

Aerohive Networks, Inc. (NYSE:HIVE) Institutional Positions Chart

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