Analysts Offer Predictions for Aerohive Networks Inc’s Q1 2020 Earnings (HIVE)

Aerohive Networks Inc (NYSE:HIVE) – Analysts at DA Davidson issued their Q1 2020 earnings per share (EPS) estimates for Aerohive Networks in a report released on Thursday, November 1st. DA Davidson analyst M. Kelleher forecasts that the communications equipment provider will earn ($0.05) per share for the quarter. DA Davidson also issued estimates for Aerohive Networks’ Q2 2020 earnings at ($0.04) EPS, Q3 2020 earnings at ($0.03) EPS and FY2020 earnings at ($0.14) EPS.

Shares of HIVE stock opened at $3.95 on Monday. Aerohive Networks has a 1 year low of $3.54 and a 1 year high of $6.50. The firm has a market cap of $210.00 million, a PE ratio of -9.63 and a beta of 1.12.

Hedge funds have recently modified their holdings of the company. Engineers Gate Manager LP acquired a new position in shares of Aerohive Networks during the 2nd quarter valued at $151,000. Balter Liquid Alternatives LLC acquired a new position in shares of Aerohive Networks in the 2nd quarter worth $157,000. Bessemer Group Inc. acquired a new position in shares of Aerohive Networks in the 3rd quarter worth $172,000. Acadian Asset Management LLC acquired a new position in shares of Aerohive Networks in the 2nd quarter worth $243,000. Finally, PEAK6 Investments L.P. grew its holdings in shares of Aerohive Networks by 367.5% in the 2nd quarter. PEAK6 Investments L.P. now owns 68,949 shares of the communications equipment provider’s stock worth $274,000 after acquiring an additional 54,199 shares during the last quarter. Institutional investors own 48.33% of the company’s stock.

About Aerohive Networks

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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