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BidaskClub downgraded Aerohive Networks Inc (NYSE:HIVE) to Sell in a report released today.

Yesterday Aerohive Networks Inc (NYSE:HIVE) traded 2.49% higher at $4.93. The company’s 50-day moving average is $4.57 and its 200-day moving average is $4.58. The last closing price is up -28.21% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. Volume of trade was down over the average, with 415,925 shares of HIVE changing hands under the typical 604,450

BidaskClub has downgraded Aerohive Networks Inc (NYSE:HIVE) to Sell in a report released on Saturday July 08, 2017.

Previously on 5/22/2017, Zacks Investment Research reported about Aerohive Networks Inc (NYSE:HIVE) raised the target price from $0.00 to $5.00. At the time, this indicated a possible upside of 0.06%.

Performance Chart

Aerohive Networks Inc (NYSE:HIVE)

With a total market value of $0, Aerohive Networks Inc has with a one year low of $3.02 and a one year high of $7.00 .

A total of 9 equity analysts have released a ratings update on HIVE. Three brokerages rating the company a strong buy, two brokerages rating the company a buy, four brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $7.47.

More About Aerohive Networks Inc (NYSE:HIVE)

Aerohive Networks, Inc. together with its subsidiaries, has designed and developed a cloud-managed mobile networking platform that enables enterprises to deploy and manage a mobile-centric network edge. Its portfolio of products and solutions is built around sets of technologies and solutions, which include Enterprise Cloud Networking, Wireless Fidelity (Wi-Fi) Connectivity and Application and Insights. It conducts its business in geographic regions, including Americas; Europe, the Middle East and Africa, and Asia Pacific. 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 partners, and leverage the commercially available Wi-Fi radios, network processors, crypto accelerators and switching chips.

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