Aerohive Networks (HIVE) Receives a Hold from JMP Securities


JMP Securities analyst Erik Suppiger maintained a Hold rating on Aerohive Networks (HIVE) on February 8. The company’s shares closed on Friday at $3.88.

According to TipRanks.com, Suppiger is a 5-star analyst with an average return of 18.1% and a 63.3% success rate. Suppiger covers the Technology sector, focusing on stocks such as SolarWinds Corporation, Carbonite Inc, and Box Inc.

Aerohive Networks has an analyst consensus of Hold.

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Based on Aerohive Networks’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $5.76 million. In comparison, last year the company had a GAAP net loss of $3.42 million.

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock.

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Aerohive Networks, Inc. engages in designing and developing cloud networking platform and enterprise Wi-Fi solution. Its products include Wi-Fi access points, routers and switches; a cloud services platform for centralized management & data collection, analytics and applications.

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