Aerohive Networks Inc (NYSE:HIVE) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: October 9, 2016
Yesterday Aerohive Networks Inc (NYSE:HIVE) traded -2.32% lower at $6.24. The company’s 50-day moving average is $6.35 and its 200-day moving average is $6.31. The last closing price is down -6.50% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 56,231 shares of the stock were exchanged, down from an average trading volume of 151,588
Zacks Investment Research has downgraded Aerohive Networks Inc (NYSE:HIVE) to Hold in a report released on 10/05/2016.
Previously on 6/8/2016, Wunderlich reported on Aerohive Networks Inc (NYSE:HIVE) raised the target price from $0.00 to $8.00. At the time, this indicated a possible upside of 0.27%.
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Aerohive Networks Inc has a 52 week low of $4.08 and a 52 week high of $7.48 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 9 brokers have issued a report on the stock. The consensus target price is $7.47 with 3 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 4 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Aerohive Networks Inc (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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