Aerohive Networks Receives Consensus Rating of “Buy” from Brokerages (NASDAQ:HIVE)
Shares of Aerohive Networks (NASDAQ:HIVE) have earned a consensus recommendation of “Buy” from the eight analysts that are presently covering the stock, Analyst Ratings Network.com reports. Seven research analysts have rated the stock with a buy recommendation, The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $13.00.
HIVE has been the subject of a number of recent research reports. Analysts at Buckingham Research raised their price target on shares of Aerohive Networks from $11.00 to $12.00 in a research note on Friday, August 8th. Separately, 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.
Shares of Aerohive Networks (NASDAQ:HIVE) opened at 7.97 on Friday. Aerohive Networks has a 52-week low of $7.43 and a 52-week high of $12.23. The stock’s 50-day moving average is $8.32 and its 200-day moving average is $9.1. The company’s market cap is $347.5 million.
Aerohive Networks (NASDAQ:HIVE) last released its earnings data 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. Analysts expect that Aerohive Networks will post $-0.58 EPS 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.
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