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Aerohive Networks (NYSE:HIVE) target price lowered to $5.00, issued a report today by Wunderlich

In a report released on Friday October 14, 2016 Wunderlich reduced the stock price target of Aerohive Networks (NYSE:HIVE) from $8.00 to $5.00 reporting a possible downside of -0.11%.

Just yesterday Aerohive Networks (NYSE:HIVE) traded -2.26% lower at $5.63. Aerohive Networks’s 50-day moving average is $6.22 and its 200-day moving average is $6.32. The last closing price is 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 period. 123,300 shares of HIVE traded hands, down from an average trading volume of 144,006

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Aerohive Networks (NYSE:HIVE)

Aerohive Networks has 52 week low of $4.08 and a 52 week high of $7.48 and has a market capitalization of $0.

Also covering Aerohive Networks's target, a total of 9 brokerages have issued a ratings update on the company. The consensus target price is $7.47 with 3 brokers rating the stock a strong buy, 2 equity analysts rating the company a buy, four firms rating the stock a hold, one analyst rating the company a underperform, and lastly 0 brokers rating the stock a sell.

Brief Synopsis On 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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