Aerohive Networks Inc (HIVE) : Yiheng Capital scooped up 278,106 additional shares in Aerohive Networks Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 911,198 shares of Aerohive Networks Inc which is valued at $6,250,818.Aerohive Networks Inc makes up approximately 3.64% of Yiheng Capital’s portfolio.
Other Hedge Funds, Including , Tudor Investment Corp Et Al reduced its stake in HIVE by selling 2,500 shares or 6.77% in the most recent quarter. The Hedge Fund company now holds 34,408 shares of HIVE which is valued at $236,039. Aerohive Networks Inc makes up approx 0.01% of Tudor Investment Corp Et Al’s portfolio.Geode Capital Management boosted its stake in HIVE in the latest quarter, The investment management firm added 19,523 additional shares and now holds a total of 142,763 shares of Aerohive Networks Inc which is valued at $979,354.Rhumbline Advisers boosted its stake in HIVE in the latest quarter, The investment management firm added 875 additional shares and now holds a total of 22,091 shares of Aerohive Networks Inc which is valued at $151,544.
Aerohive Networks Inc closed down -0.05 points or -0.75% at $6.58 with 73,762 shares getting traded on Thursday. Post opening the session at $6.61, the shares hit an intraday low of $6.47 and an intraday high of $6.61 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Aerohive Networks Inc reported $-0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.06. The company had revenue of $47.63 million for the quarter, compared to analysts expectations of $47.42 million. The company’s revenue was up 29.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.14 EPS.
Many Wall Street Analysts have commented on Aerohive Networks Inc. Wunderlich Initiated Aerohive Networks Inc on Jun 8, 2016 to “Buy”, Price Target of the shares are set at $8.
Aerohive Networks Inc. together with its subsidiaries has designed and developed a cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge. The Company’s hardware products are managed by the Company’s Cloud Services Platform which delivers cloud-managed network management and mobility applications giving end customers a single unified and contextual view of the entire network edge. The Company conducts its business in three geographic regions: Americas; Europe the Middle East and Africa (EMEA) and Asia Pacific (APAC). The Company’s product portfolio includes hardware products cloud-based network management and applications and support services. The Company’s hardware products include access points branch routers and access switches. The Company’s cloud-based product offering includes HiveManager ID Manager Client Management and Social Login applications.