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HIVE

Aerohive

$5.63

-0.13 (-2.26%)

16:26
10/13/16
10/13
16:26
10/13/16
16:26

Aerohive drops after hours after company cuts Q3 adjusted EPS view

The shares are down over 7.6% to $5.20 at time of writing. At that price next support is at $5.08 and then at $5. The 52-week low is at $4.08. Resistance is at $5.31.

HIVE Aerohive
$5.63

-0.13 (-2.26%)

06/08/16
WDLK
06/08/16
INITIATION
Target $8
WDLK
Buy
Aerohive initiated with a Buy at Wunderlich
Wunderlich analyst Matthew Robison started Aerohive Networks with a Buy rating and $8 price target.
04/05/16
JMPS
04/05/16
NO CHANGE
JMPS
Aerohive could become acquisition target after Ruckus deal, says JMP Securities
After Brocade (BRCD) agreed to buy Ruckus (RKUS), JMP Securities says that Aerohive (HIVE) is the only remaining publicly traded Wi-Fi vendor in the market. Consequently, the firm thinks that major switching vendors without an in-house Wi-Fi solution, including Juniper (JNPR) and Dell, could look to buy Aerohive. Additionally, the firm thinks that the acquisition of Ruckus "could create some disruption in the market," potentially enabling Aerohive to gain share. JMP keeps a $10 price target and Outperform rating on Aerohive.
01/14/16
JMPS
01/14/16
NO CHANGE
JMPS
Aerohive weakness creates buying opportunity, says JMP Securities
JMP Securities says its checks indicate that Aerohive will report "sold" Q4 results and provide "favorable" guidance. The firm says that the stock is "severely undervalued," and it reiterates a $10 price target and Outperform rating on the shares.
11/19/15
JMPS
11/19/15
NO CHANGE
JMPS
Aerohive sell-off unwarranted, says JMP Securities
After meeting with Aerohive's management, JMP Securities thinks the company "is gaining significant sales momentum." According to JMP, the company is benefiting from Aruba's (ARUN) takeover by HP (HPQ), "strong progress with new technology partners, and a market shift toward cloud-managed Wi-Fi." The firm says that the 14% decline in Aerohive's stock following its results was unjustified and has created a buying opportunity. It keeps a $10 price target and Outperform rating on the shares.

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