Aerohive Networks Inc Forecasted to Post Q1 2019 Earnings of ($0.08) Per Share (HIVE)

Aerohive Networks Inc (NYSE:HIVE) – Equities researchers at Dougherty & Co issued their Q1 2019 earnings per share (EPS) estimates for Aerohive Networks in a research report issued on Thursday, February 7th. Dougherty & Co analyst C. Trebnick expects that the communications equipment provider will post earnings of ($0.08) per share for the quarter. Dougherty & Co has a “Neutral” rating on the stock. Dougherty & Co also issued estimates for Aerohive Networks’ FY2019 earnings at ($0.18) EPS.

Separately, Zacks Investment Research downgraded Aerohive Networks from a “buy” rating to a “hold” rating in a report on Thursday, February 7th.

NYSE:HIVE opened at $3.90 on Monday. Aerohive Networks has a 52 week low of $3.19 and a 52 week high of $4.78. The company has a market capitalization of $215.55 million, a P/E ratio of -13.45 and a beta of 1.21.

A number of hedge funds have recently made changes to their positions in the business. Mutual of America Capital Management LLC grew its holdings in Aerohive Networks by 3.4% during the third quarter. Mutual of America Capital Management LLC now owns 391,129 shares of the communications equipment provider’s stock valued at $1,611,000 after purchasing an additional 12,841 shares during the last quarter. Rhumbline Advisers grew its holdings in Aerohive Networks by 51.3% during the fourth quarter. Rhumbline Advisers now owns 42,443 shares of the communications equipment provider’s stock valued at $138,000 after purchasing an additional 14,394 shares during the last quarter. Teachers Advisors LLC grew its holdings in Aerohive Networks by 7.3% during the third quarter. Teachers Advisors LLC now owns 244,874 shares of the communications equipment provider’s stock valued at $1,009,000 after purchasing an additional 16,748 shares during the last quarter. SG Americas Securities LLC acquired a new position in Aerohive Networks during the fourth quarter valued at approximately $68,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in Aerohive Networks during the fourth quarter valued at approximately $68,000. Institutional investors own 52.62% of the company’s stock.

In related news, Director Christopher J. Schaepe sold 10,192 shares of the stock in a transaction that occurred on Friday, December 14th. The stock was sold at an average price of $3.46, for a total value of $35,264.32. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Stephen Debenham sold 15,112 shares of the stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $3.62, for a total value of $54,705.44. Following the completion of the transaction, the vice president now owns 307,732 shares in the company, valued at approximately $1,113,989.84. The disclosure for this sale can be found here. Corporate insiders own 26.13% of the company’s stock.

Aerohive Networks Company Profile

Aerohive Networks, Inc, together with its subsidiaries, designs and develops cloud networking and enterprise Wi-Fi solutions in the Americas, Europe, the Middle East and Africa, and the Asia Pacific. The company provides hardware products, such as wireless access points, branch routers, and switches; tiered maintenance and support services comprising technical support, bug fixes, access to priority hardware replacement service, and unspecified upgrades; and Software as a Service subscriptions, including comparable maintenance and support services.

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