Aerohive Networks, Inc. (NYSE:HIVE) is scheduled to be releasing its earnings data after the market closes on Tuesday, October 31st.

Aerohive Networks (NYSE:HIVE) last posted its quarterly earnings results on Wednesday, August 2nd. The communications equipment provider reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. Aerohive Networks had a negative net margin of 18.58% and a negative return on equity of 107.93%. The business had revenue of $42.30 million during the quarter, compared to analysts’ expectations of $43.11 million. During the same quarter in the prior year, the company posted ($0.02) EPS. The business’s revenue for the quarter was down 11.2% on a year-over-year basis. On average, analysts expect Aerohive Networks to post $-0.46 EPS for the current fiscal year and $-0.34 EPS for the next fiscal year.

Shares of Aerohive Networks, Inc. (NYSE HIVE) opened at 4.01 on Tuesday. The stock’s market cap is $174.86 million. The stock has a 50 day moving average of $3.92 and a 200 day moving average of $4.22. Aerohive Networks, Inc. has a 1-year low of $3.02 and a 1-year high of $6.14.

A number of equities analysts have recently weighed in on the stock. BidaskClub lowered shares of Aerohive Networks from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Zacks Investment Research lowered shares of Aerohive Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. ValuEngine raised shares of Aerohive Networks from a “strong sell” rating to a “sell” rating in a research report on Monday, October 2nd. 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 price objective for the company. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Aerohive Networks has an average rating of “Hold” and an average target price of $6.31.

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Institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its holdings in Aerohive Networks by 15.3% in the second quarter. California State Teachers Retirement System now owns 55,641 shares of the communications equipment provider’s stock valued at $278,000 after purchasing an additional 7,400 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Aerohive Networks by 31.8% in the second quarter. The Manufacturers Life Insurance Company now owns 30,090 shares of the communications equipment provider’s stock valued at $150,000 after purchasing an additional 7,258 shares during the period. Finally, State Street Corp grew its holdings in Aerohive Networks by 15.8% in the second quarter. State Street Corp now owns 379,843 shares of the communications equipment provider’s stock valued at $1,902,000 after purchasing an additional 51,774 shares during the period. Hedge funds and other institutional investors own 44.70% of the company’s stock.

About Aerohive Networks

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.

Earnings History for Aerohive Networks (NYSE:HIVE)

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