Headlines about Aerohive Networks (NYSE:HIVE) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Aerohive Networks earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave headlines about the communications equipment provider an impact score of 44.5619289238839 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s rankings:
- Aerohive® to Announce First Quarter 2018 Financial Results on May 2 (finance.yahoo.com)
- Zacks Investment Research Lowers Aerohive Networks (HIVE) to Hold (americanbankingnews.com)
- The Industry’s First Enterprise-Class Pluggable Access Points Now Shipping (finance.yahoo.com)
- Jackson Rancheria Casino Resort Chooses Aerohive® for Ease of Deployment and Network Management (finance.yahoo.com)
- Aerohive® Given 5-Star Rating in CRN’s 2018 Partner Program Guide (finance.yahoo.com)
A number of analysts have weighed in on the company. Zacks Investment Research lowered Aerohive Networks from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine lowered Aerohive Networks from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 28th. Pi Financial reduced their target price on Aerohive Networks from $5.25 to $4.50 in a research note on Friday, March 2nd. Finally, Dougherty & Co lowered Aerohive Networks from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Aerohive Networks currently has an average rating of “Hold” and an average price target of $5.85.
Aerohive Networks (NYSE:HIVE) last announced its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported ($0.06) EPS for the quarter. The firm had revenue of $37.20 million for the quarter, compared to analysts’ expectations of $37.04 million. Aerohive Networks had a negative net margin of 14.99% and a negative return on equity of 94.14%. The business’s quarterly revenue was down 10.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.04) EPS. analysts forecast that Aerohive Networks will post -0.31 earnings per share for the current year.
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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