Brokers Offer Predictions for Aerohive Networks Inc’s Q1 2018 Earnings (HIVE)

Aerohive Networks Inc (NYSE:HIVE) – Stock analysts at Dougherty & Co issued their Q1 2018 earnings per share (EPS) estimates for Aerohive Networks in a research report issued on Monday. Dougherty & Co analyst C. Trebnick forecasts that the communications equipment provider will earn ($0.14) per share for the quarter. Dougherty & Co has a “Neutral” rating on the stock. Dougherty & Co also issued estimates for Aerohive Networks’ FY2018 earnings at ($0.32) EPS.

A number of other research analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Aerohive Networks from a “sell” rating to a “hold” rating in a research report on Saturday, February 3rd. ValuEngine raised shares of Aerohive Networks from a “strong sell” rating to a “sell” rating in a research report on Friday, November 10th. Finally, Craig Hallum began 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 on the stock. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $6.25.

Aerohive Networks (NYSE:HIVE) opened at $4.40 on Wednesday. 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 12-month low of $3.02 and a 12-month high of $6.50. The stock has a market cap of $222.43, a P/E ratio of -10.48 and a beta of 1.29.

Aerohive Networks (NYSE:HIVE) last issued its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported ($0.06) earnings per share (EPS) for the quarter. Aerohive Networks had a negative return on equity of 92.83% and a negative net margin of 14.99%. The firm had revenue of $37.20 million during the quarter, compared to analysts’ expectations of $37.04 million. During the same period in the previous year, the firm earned ($0.04) EPS. The firm’s quarterly revenue was down 10.8% on a year-over-year basis.

Institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC grew its position in Aerohive Networks by 162.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,917,400 shares of the communications equipment provider’s stock worth $11,178,000 after purchasing an additional 1,186,500 shares during the last quarter. Royce & Associates LP purchased a new stake in Aerohive Networks during the 3rd quarter worth approximately $4,116,000. Yiheng Capital LLC grew 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 purchasing an additional 675,814 shares during the last quarter. Boston Partners grew 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 purchasing an additional 641,667 shares during the last quarter. Finally, Russell Investments Group Ltd. grew 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 purchasing an additional 544,890 shares during the last quarter. 43.60% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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