Aerohive Networks Inc (NYSE:HIVE) – Equities research analysts at Dougherty & Co issued their Q1 2018 earnings estimates for shares of Aerohive Networks in a research note issued on Monday. Dougherty & Co analyst C. Trebnick forecasts that the communications equipment provider will post earnings of ($0.14) per share for the quarter. Dougherty & Co has a “Neutral” rating on the stock. Dougherty & Co also issued estimates for Aerohive Networks’ FY2018 earnings at ($0.32) EPS.

Several other research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Aerohive Networks from a “sell” rating to a “hold” rating in a research report on Saturday, February 3rd. ValuEngine upgraded shares of Aerohive Networks from a “strong sell” rating to a “sell” rating in a research report on Friday, November 10th. Finally, Craig Hallum assumed coverage on shares of Aerohive Networks in a research report on Tuesday, October 17th. They issued a “buy” rating and a $6.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Aerohive Networks has a consensus rating of “Hold” and an average price target of $6.25.

Aerohive Networks (HIVE) opened at $4.40 on Wednesday. Aerohive Networks has a 1 year low of $3.02 and a 1 year high of $6.50. The stock has a market cap of $222.43, a price-to-earnings ratio of -10.48 and a beta of 1.29. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.19 and a quick ratio of 1.95.

Aerohive Networks (NYSE:HIVE) last released its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported ($0.06) EPS for the quarter. Aerohive Networks had a negative net margin of 14.99% and a negative return on equity of 92.83%. The firm had revenue of $37.20 million for the quarter, compared to analysts’ expectations of $37.04 million. During the same quarter last year, the firm earned ($0.04) earnings per share. The firm’s revenue for the quarter was down 10.8% on a year-over-year basis.

Large investors have recently made changes to their positions in the stock. Koch Industries Inc. purchased a new position in Aerohive Networks in the fourth quarter worth $122,000. Susquehanna International Group LLP purchased a new position in Aerohive Networks in the third quarter worth $112,000. The Manufacturers Life Insurance Company grew its position in Aerohive Networks by 1,309.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 28,139 shares of the communications equipment provider’s stock worth $164,000 after acquiring an additional 26,143 shares in the last quarter. Rhumbline Advisers boosted its position in Aerohive Networks by 23.8% during the second quarter. Rhumbline Advisers now owns 31,530 shares of the communications equipment provider’s stock valued at $158,000 after buying an additional 6,061 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Aerohive Networks by 66.6% during the third quarter. Wells Fargo & Company MN now owns 34,691 shares of the communications equipment provider’s stock valued at $142,000 after buying an additional 13,865 shares during the period. Institutional investors own 43.60% of the company’s stock.

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Aerohive Networks Company Profile

Aerohive Networks, Inc together with its subsidiaries, has designed and developed a cloud-managed mobile networking platform that enables enterprises to deploy and manage a mobile-centric network edge. Its portfolio of products and solutions is built around sets of technologies and solutions, which include Enterprise Cloud Networking, Wireless Fidelity (Wi-Fi) Connectivity and Application and Insights.

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