AEROHIVE NETWORKS (NYSE:HIVE) 2017 Q4 Sentiment Report

April 21, 2018 - By Adrian Mccoy

Aerohive Networks, Inc. (NYSE:HIVE) Logo


AEROHIVE NETWORKS (NYSE:HIVE) institutional sentiment increased to 2.15 in 2017 Q4. Its up 0.71, from 1.44 in 2017Q3. The ratio increased, as 56 funds opened new or increased stock positions, while 26 reduced and sold their positions in AEROHIVE NETWORKS. The funds in our partner’s database now possess: 21.23 million shares, up from 16.95 million shares in 2017Q3. Also, the number of funds holding AEROHIVE NETWORKS in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 9 Reduced: 17 Increased: 28 New Position: 28.

Aerohive Networks, Inc., together with its subsidiaries, creates and develops cloud networking and enterprise Wi-Fi solutions in Americas, Europe, the Middle East and Africa, and the Asia Pacific. The company has market cap of $225.61 million. The firm 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. It currently has negative earnings. The Company’s cloud product comprises HiveManager, a network management application; and Mobility Suite, which includes guest access, personal device access, ID manager, and social login applications.

The stock increased 0.98% or $0.04 during the last trading session, reaching $4.13. About 122,501 shares traded. Aerohive Networks, Inc. (NYSE:HIVE) has declined 6.54% since April 21, 2017 and is downtrending. It has underperformed by 18.09% the S&P500.

Analysts await Aerohive Networks, Inc. (NYSE:HIVE) to report earnings on May, 2 after the close. They expect $-0.14 EPS, 0.00 % or $0.00 from last year’s $-0.14 per share. After $-0.06 actual EPS reported by Aerohive Networks, Inc. for the previous quarter, Wall Street now forecasts 133.33 % negative EPS growth.

Institutional Venture Management Xiii Llc holds 5.11% of its portfolio in Aerohive Networks, Inc. for 1.11 million shares. S Squared Technology Llc owns 457,805 shares or 2.43% of their US portfolio. Moreover, Granahan Investment Management Inc Ma has 0.58% invested in the company for 1.27 million shares. The California-based Menta Capital Llc has invested 0.16% in the stock. Spark Investment Management Llc, a New York-based fund reported 434,100 shares.

Aerohive Networks, Inc. (NYSE:HIVE) Institutional Positions Chart

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