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Why Aerohive Networks (HIVE) Could Be Positioned for a Surge

Aerohive Networks, Inc.HIVE is a designer and developer of cloud networking and enterprise Wi-Fi solutions that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on HIVE's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Aerohive Networks could be a solid choice for investors.

Current Quarter Estimates for HIVE

In the past 30 days, one estimate has gone higher for Aerohive Networks while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 15 cents a share 30 days ago, to a loss of 11 cents today, a move of 26.7%.

Current Year Estimates for HIVE

Meanwhile, Aerohive Networks' current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 66 cents per share 30 days ago to 45 cents per share today, an increase of 31.8%.

Aerohive Networks, Inc. Price and Consensus

Aerohive Networks, Inc. Price and Consensus | Aerohive Networks, Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 24.8% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

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Aerohive Networks, Inc. (HIVE): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.