JMP Securities Downgrades Aerohive Networks Inc to Market Perform

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.

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