Buckingham Research Increases Aerohive Networks Price Target to $12.00 (HIVE)
Equities research analysts at Buckingham Research hoisted their price objective on shares of Aerohive Networks (NASDAQ:HIVE) from $11.00 to $12.00 in a research note issued to investors on Friday. Buckingham Research’s target price indicates a potential upside of 26.32% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Pacific Crest initiated coverage on shares of Aerohive Networks in a research note on Wednesday, July 30th. They set an “outperform” rating and a $12.00 price target on the stock. Separately, analysts at Bank of America reiterated a “buy” rating on shares of Aerohive Networks in a research note on Saturday, May 17th. They now have a $13.00 price target on the stock. Finally, analysts at JMP Securities reiterated an “outperform” rating on shares of Aerohive Networks in a research note on Friday, May 16th. They now have a $14.00 price target on the stock. Seven research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of $13.00.
Aerohive Networks (NASDAQ:HIVE) opened at 9.50 on Friday. Aerohive Networks has a 1-year low of $7.43 and a 1-year high of $12.23. The stock has a 50-day moving average of $8.31 and a 200-day moving average of $9.31. The company’s market cap is $414.3 million.
Aerohive Networks (NASDAQ:HIVE) last announced its earnings results on Thursday, August 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.02. The company had revenue of $37.60 million for the quarter, compared to the consensus estimate of $35.82 million. The company’s revenue for the quarter was up 34.3% on a year-over-year basis. On average, analysts predict that Aerohive Networks will post $-0.62 earnings per share for the current fiscal year.
Aerohive Networks, Inc has designed and developed a cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.