Brokerage firm JMP Securities Downgrades its rating on Aerohive Networks Inc(HIVE). The shares have been rated Market Perform. Previously, the analysts had a Market Outperform rating on the shares. The rating by JMP Securities was issued on Feb 6, 2017.
In a different note, DA Davidson said it Initiates Coverage On Aerohive Networks Inc, according to a research note issued on Dec 16, 2016. In the research note, the firm Announces the price-target to $10 per share. The shares have been rated ‘Buy’ by the firm.
Aerohive Networks Inc (HIVE) made into the market gainers list on Tuesdays trading session with the shares advancing 2.54% or 0.13 points. Due to strong positive momentum, the stock ended at $5.25, which is also near the day’s high of $5.3. The stock began the session at $5 and the volume stood at 1,77,192 shares. The 52-week high of the shares is $7.45 and the 52 week low is $4.55. The company has a current market capitalization of $269 M and it has 5,12,15,910 shares in outstanding.
Aerohive Networks Inc(HIVE) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $47.63M. Analysts had an estimated revenue of $47.44M. Earnings per share were $-0.15. Analysts had estimated an EPS of $-0.06.
Several Insider Transactions has been reported to the SEC. On Dec 19, 2016, Thomas J Wilburn (SVP Worldwide Sales) sold 20,000 shares at $6.00 per share price.Also, On Dec 6, 2016, Raphael Gernez (SVP Operations & Business PMO) sold 495 shares at $5.26 per share price.On Nov 10, 2016, Efstathios Papaefstathiou (SVP, Engineering) sold 10,000 shares at $5.21 per share price, according to the Form-4 filing with the securities and exchange commission.
Aerohive Networks Inc. together with its subsidiaries has designed and developed a cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge. The Company’s hardware products are managed by the Company’s Cloud Services Platform which delivers cloud-managed network management and mobility applications giving end customers a single unified and contextual view of the entire network edge. The Company conducts its business in three geographic regions: Americas; Europe the Middle East and Africa (EMEA) and Asia Pacific (APAC). The Company’s product portfolio includes hardware products cloud-based network management and applications and support services. The Company’s hardware products include access points branch routers and access switches. The Company’s cloud-based product offering includes HiveManager ID Manager Client Management and Social Login applications.