Aerohive Networks Inc (NYSE:HIVE) – Investment analysts at DA Davidson dropped their FY2017 earnings estimates for shares of Aerohive Networks in a research note issued to investors on Wednesday. DA Davidson analyst M. Kelleher now anticipates that the communications equipment provider will post earnings per share of ($0.44) for the year, down from their previous forecast of ($0.42). DA Davidson also issued estimates for Aerohive Networks’ Q4 2017 earnings at ($0.09) EPS, Q1 2018 earnings at ($0.15) EPS, Q2 2018 earnings at ($0.11) EPS, Q3 2018 earnings at ($0.06) EPS, Q4 2018 earnings at ($0.05) EPS and FY2018 earnings at ($0.37) EPS.

Several other brokerages have also commented on HIVE. Zacks Investment Research raised shares of Aerohive Networks from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research report on Wednesday, November 8th. Craig Hallum started 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. Dougherty & Co lowered shares of Aerohive Networks from a “buy” rating to a “neutral” rating in a research report on Wednesday. Finally, ValuEngine raised shares of Aerohive Networks from a “strong sell” rating to a “sell” rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $6.05.

Aerohive Networks (HIVE) opened at $4.06 on Friday. The company has a market cap of $218.15, a P/E ratio of -8.12 and a beta of 1.79. 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 has a 1 year low of $3.02 and a 1 year high of $6.50.

Aerohive Networks (NYSE:HIVE) last announced its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. The firm had revenue of $37.07 million during the quarter, compared to analyst estimates of $38.41 million. Aerohive Networks had a negative net margin of 17.00% and a negative return on equity of 103.45%. Aerohive Networks’s revenue was down 8.2% on a year-over-year basis. During the same period last year, the firm posted ($0.06) EPS.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Boston Partners raised its position in Aerohive Networks by 25.8% during the 3rd quarter. Boston Partners now owns 3,130,549 shares of the communications equipment provider’s stock worth $12,804,000 after buying an additional 641,667 shares during the last quarter. Yiheng Capital LLC raised its position in Aerohive Networks by 56.9% during the 3rd quarter. Yiheng Capital LLC now owns 1,863,083 shares of the communications equipment provider’s stock worth $7,620,000 after buying an additional 675,814 shares during the last quarter. Russell Investments Group Ltd. raised its position in Aerohive Networks by 51.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,601,790 shares of the communications equipment provider’s stock worth $6,551,000 after buying an additional 544,890 shares during the last quarter. Granahan Investment Management Inc. MA raised its position in Aerohive Networks by 10.4% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 1,213,714 shares of the communications equipment provider’s stock worth $4,964,000 after buying an additional 114,355 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Aerohive Networks by 18.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,137,451 shares of the communications equipment provider’s stock worth $5,687,000 after buying an additional 180,794 shares during the last quarter. 46.13% of the stock is owned by institutional investors.

TRADEMARK VIOLATION WARNING: “FY2017 EPS Estimates for Aerohive Networks Inc (HIVE) Cut by Analyst” was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://www.americanbankingnews.com/2018/01/19/fy2017-eps-estimates-for-aerohive-networks-inc-hive-cut-by-analyst.html.

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.

Receive News & Ratings for Aerohive Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aerohive Networks and related companies with MarketBeat.com's FREE daily email newsletter.