JMP Securities Reiterates a Buy Rating on Aerohive Networks

By Carrie Williams

In a report released today, John Lucia from JMP Securities reiterated a Buy rating on Aerohive Networks (NYSE: HIVE). The company’s shares opened today at $5.12.

According to TipRanks.com, Lucia is a 3-star analyst with an average return of 3.0% and a 37.5% success rate. Lucia covers the Technology sector, focusing on stocks such as Palo Alto Networks, Ubiquiti Networks, and Pure Storage Inc.

Aerohive Networks has an analyst consensus of Moderate Buy, with a price target consensus of $6.75.

The company has a one year high of $7.48 and a one year low of $4.08. Currently, Aerohive Networks has an average volume of 190K.

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is neutral on the stock. Most recently, in September 2015, David K. Flynn, the President & CEO of HIVE bought 3,728 shares for a total of $22,927.

Aerohive Networks, Inc. designs and develops cloud networking platform and enterprise Wi-Fi solution that enables there customers to use the power of Wi-Fi, cloud, analytics and applications to transform how they serve their customers. Its products products include Wi-Fi access points, routers and switches required to build an edge-access network; a cloud services platform for centralized management, data collection and analytics; and applications that leverage the network to provide additional capabilities to the business and IT organization. Aerohive Networks was founded by Changming Liu and Gang Zhu on March 15, 2006 and is headquartered in Milpitas, CA.