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Buckingham Research downgraded Aerohive Networks Inc (NYSE:HIVE) to Neutral in a report released today.

Just yesterday Aerohive Networks Inc (NYSE:HIVE) traded -2.26% lower at $5.63. Aerohive Networks Inc’s 50-day moving average is $6.22 and its 200-day moving average is $6.32. The last stock 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

Buckingham Research has downgraded Aerohive Networks Inc (NYSE:HIVE) to Neutral in a report released on 10/14/2016.

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Aerohive Networks Inc (NYSE:HIVE)

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

In addition to Buckingham Research reporting its stock price target, a total of 9 brokerages have issued a research note on the company. The average stock price target is $7.47 with 3 brokerages rating the stock a strong buy, 2 brokerages rating the stock a buy, 4 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On 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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