Aerohive Networks (HIVE) Earns Media Sentiment Rating of 0.09

Media headlines about Aerohive Networks (NYSE:HIVE) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Aerohive Networks earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news stories about the communications equipment provider an impact score of 46.8434056790996 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the news headlines that may have impacted Accern Sentiment’s analysis:

Shares of Aerohive Networks (NYSE HIVE) opened at 3.78 on Tuesday. Aerohive Networks has a 52-week low of $3.02 and a 52-week high of $6.35. The company’s market cap is $164.83 million. The company’s 50-day moving average is $3.58 and its 200 day moving average is $4.27.

Aerohive Networks (NYSE:HIVE) last posted its earnings results on Wednesday, August 2nd. The communications equipment provider reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. The business had revenue of $42.30 million during the quarter, compared to analyst estimates of $43.11 million. Aerohive Networks had a negative return on equity of 107.93% and a negative net margin of 18.58%. The company’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.02) EPS. On average, analysts anticipate that Aerohive Networks will post ($0.14) EPS for the current year.

HIVE has been the topic of several research reports. ValuEngine downgraded shares of Aerohive Networks from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 6th. Zacks Investment Research upgraded shares of Aerohive Networks from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Monday, May 22nd. Finally, BidaskClub downgraded shares of Aerohive Networks from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Three analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $5.87.

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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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