Price Action Don’t Lie: Aerohive Networks Inc Declines A lot Today, Is Now One of The Worst Performer

Price Action Don't Lie: Aerohive Networks Inc Declines A lot Today, Is Now One of The Worst Performer

The stock of Aerohive Networks Inc (NYSE:HIVE) is a huge mover today! The stock decreased 4.40% or $0.23 during the last trading session, hitting $5. About 355,926 shares traded hands or 73.93% up from the average. Aerohive Networks Inc (NYSE:HIVE) has risen 2.75% since April 4, 2016 and is uptrending. It has outperformed by 1.66% the S&P500.
The move comes after 5 months negative chart setup for the $253.00 million company. It was reported on Nov, 4 by Barchart.com. We have $4.50 PT which if reached, will make NYSE:HIVE worth $25.30M less.

Aerohive Networks Inc (NYSE:HIVE) Ratings Coverage

Out of 5 analysts covering Aerohive Networks (NYSE:HIVE), 2 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 40% are positive. Aerohive Networks has been the topic of 9 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Buckingham Research downgraded Aerohive Networks Inc (NYSE:HIVE) on Friday, October 14 to “Neutral” rating. The stock of Aerohive Networks Inc (NYSE:HIVE) has “Buy” rating given on Thursday, February 4 by Buckingham Research. Dougherty & Company maintained it with “Buy” rating and $10 target price in Thursday, August 6 report. The rating was initiated by Wunderlich with “Buy” on Wednesday, June 8. Wunderlich downgraded the stock to “Hold” rating in Friday, October 14 report. As per Wednesday, August 26, the company rating was downgraded by Bank of America.

According to Zacks Investment Research, “Aerohive Networks Inc. designs and develops a cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge. The Company’s cloud-managed mobile networking platform consists of four components: Cloud Services Platform, HiveOS operating system, client management software and its portfolio of hardware products. It serves the healthcare, education, manufacturing, distribution, and retail industries throughout the United States. Aerohive Networks, Inc. is headquartered in Sunnyvale, California.”

Insitutional Activity: The institutional sentiment decreased to 1.6 in Q2 2016. Its down 1.32, from 2.92 in 2016Q1. The ratio turned negative, as 6 funds sold all Aerohive Networks Inc shares owned while 14 reduced positions. 11 funds bought stakes while 21 increased positions. They now own 18.48 million shares or 1.96% more from 18.12 million shares in 2016Q1.
Susquehanna Grp Llp has 11,438 shares for 0% of their US portfolio. Boston Prns holds 0% or 484,417 shares in its portfolio. Institutional Venture Mngmt Xiii Limited Liability Company last reported 5.53% of its portfolio in the stock. Caisse De Depot Et Placement Du Quebec last reported 0% of its portfolio in the stock. Nationwide Fund Advisors accumulated 0% or 14,796 shares. Blackrock Advsrs Ltd owns 6,750 shares or 0% of their US portfolio. Gp One Trading Ltd Partnership reported 475 shares or 0% of all its holdings. Teachers Advisors owns 34,262 shares or 0% of their US portfolio. Geode Capital Mgmt Limited Liability Co owns 142,763 shares or 0% of their US portfolio. Mutual Of America Capital Management Ltd Liability Co owns 473,729 shares or 0.07% of their US portfolio. Moreover, Renaissance Tech Limited Liability Corporation has 0.01% invested in Aerohive Networks Inc (NYSE:HIVE) for 741,500 shares. Barclays Plc has 0% invested in the company for 7 shares. California State Teachers Retirement Sys has 50,241 shares for 0% of their US portfolio. Blackrock Management Ltd Limited Liability Company has invested 0% of its portfolio in Aerohive Networks Inc (NYSE:HIVE). Credit Suisse Ag accumulated 0% or 18,078 shares.

Insider Transactions: Since May 16, 2016, the stock had 0 buys, and 2 insider sales for $36,585 net activity. Liu Changming had sold 3,000 shares worth $19,005.

More recent Aerohive Networks Inc (NYSE:HIVE) news were published by: Reuters.com which released: “BUZZ-Aerohive Networks Inc: Six-month low as revenue estimates miss” on October 14, 2016. Also Marketwatch.com published the news titled: “Aerohive Networks shares fall more than 20% on weak outlook” on October 13, 2016. Zacks.com‘s news article titled: “What Makes Aerohive Networks (HIVE) a Strong Sell?” with publication date: October 19, 2016 was also an interesting one.

HIVE Company Profile

Aerohive Networks, Inc., incorporated on March 15, 2006, together with its subsidiaries, is engaged in designing and development of a cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge. The Company’s portfolio of products and solutions is built around primary sets of technologies and capabilities, which include Enterprise Cloud Networking, Wireless Fidelity (Wi-Fi) Connectivity and Application and Insights. The Firm conducts its business in geographic regions, including Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). The Company’s product portfolio includes hardware products, cloud network management and applications, and support services. The Company’s hardware products include access points, branch routers and access switches. The Company’s hardware products are developed by its hardware design team working in conjunction with original design maker (ODM) partners, and leverage the commercially available Wi-Fi radios, network processors, crypto accelerators and switching chips. All of the Company’s hardware products run on its HiveOS operating system, which provides the foundation for its networking platform. It sells access switches and branch routers in conjunction with a sale of Wi-Fi access points and also offers Wi-Fi access points for use with other makes access switches.

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