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A statement released earlier today by Wunderlich Securities about Aerohive Networks (NYSE:HIVE) drops the target price to $5.00

Boasting a price of $5.63, Aerohive Networks (NYSE:HIVE) traded -2.26% lower on the day. With the last stock price down -10.91% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $6.22 and a two hundred day average of $6.32. Trade Volume was down over the average, with 123,300 shares of HIVE changing hands under the typical 144,006

Stating a potential downside of -0.11%, Wunderlich Securities reduced the stock price target of Aerohive Networks (NYSE:HIVE) to $5.00

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Aerohive Networks (NYSE:HIVE)

Aerohive Networks has with a one year low of $4.08 and a one year high of $7.48 and has a market capitalization of $0.

A total of 9 firms have reported on the company. 3 equity analysts rating the company a strong buy, 2 firms rating the stock a buy, four analysts rating the company a hold, 1 broker rating the stock a underperform, and finally zero firms rating the stock a sell with a consensus target price of $7.47.

General Information About Aerohive Networks (NYSE:HIVE)

Aerohive Networks, Inc., 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 sets of technologies and capabilities, which include Enterprise Cloud Networking, Wireless Fidelity (Wi-Fi) Connectivity and Application and Insights. The Company conducts its business in the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). Its product portfolio includes hardware products, cloud-based network management and applications, and support services. Its hardware products include access points, branch routers and access switches. Its hardware products are developed by its hardware design team working in conjunction with original design manufacturer (ODM) partners, and leverage the commercially available Wi-Fi radios, network processors, crypto accelerators and switching chips.

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