Analysts’ Opinions Are Mixed on These Technology Stocks: Salesforce.com (NYSE: CRM), Aerohive Networks (NYSE: HIVE) and Qualys (NASDAQ: QLYS)

By Austin Angelo

Analysts have been eager to weigh in on the Technology sector with new ratings on Salesforce.com (NYSE: CRM), Aerohive Networks (NYSE: HIVE) and Qualys (NASDAQ: QLYS).

Salesforce.com (NYSE: CRM)

In a report released today, Patrick Walravens from JMP Securities reiterated a Buy rating on Salesforce.com (NYSE: CRM). The company’s shares opened today at $79.57, close to its 52-week high of $84.48.

According to TipRanks.com, Walravens is a 5-star analyst with an average return of 8.0% and a 57.2% success rate. Walravens covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Tyler Technologies, and Coupa Software Inc.

Currently, the analyst consensus on Salesforce.com is Strong Buy and the average price target is $93.56, representing a 17.6% upside.

In a report issued on November 11, Barclays also reiterated a Buy rating on the stock with a $89 price target.
Aerohive Networks (NYSE: HIVE)

JMP Securities analyst John Lucia reiterated a Buy rating on Aerohive Networks (NYSE: HIVE) today. The company’s shares opened today at $5.61.

According to TipRanks.com, Lucia is a 3-star analyst with an average return of 11.0% and a 66.7% 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.

Qualys (NASDAQ: QLYS)

JMP Securities analyst Erik Suppiger reiterated a Hold rating on Qualys (NASDAQ: QLYS) today. The company’s shares opened today at $36.05, close to its 52-week high of $39.74.

According to TipRanks.com, Suppiger is a 4-star analyst with an average return of 11.5% and a 59.4% success rate. Suppiger covers the Technology sector, focusing on stocks such as Riverbed Technology, Palo Alto Networks, and Barracuda Networks.

Currently, the analyst consensus on Qualys is Moderate Buy and the average price target is $41.50, representing a 15.1% upside.

In a report issued on November 4, J.P. Morgan also upgraded the stock to Hold with a $40 price target.