Stock on Watch: Aerohive Networks, Inc. (HIVE)

Company Profile:

erohive Networks, Inc., together with its subsidiaries, designs and develops cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge in the United States and internationally. The company provides its cloud-based products and solutions using enterprise cloud networking, Wi-Fi connectivity, and application and insights technologies. It offers HiveManager, a network management application; and Mobility Suite, which includes Guest Access, Personal Device Access, ID Manager, and Social Login applications. The company also provides hardware products, such as access points, branch routers, and access switches; and tiered maintenance and support services comprising technical support, bug fixes, access to priority hardware replacement service, and unspecified upgrades. The company sells its solutions to finance, manufacturing, utilities, telecom, state and local government, transportation, legal, accounting, architecture, engineering, and construction verticals through a network of resellers and distributors, and managed service providers. Aerohive Networks, Inc. was incorporated in 2006 and is based in Milpitas, California.

Recent News:

Jan. 18, Aerohive Networks announced that Emmet County selected Aerohive, in partnership with Dell, to improve the networking experience across the entire county in order to enable efficiency and mobility at its 12 locations stretching across 35 miles.

Aerohive Networks announced that it will release its fourth quarter and fiscal year 2016 financial results on Tuesday, February 14, 2017, after market close and hold a conference call and webcast at 2:00 PM PT / 5:00 PM ET that day.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

HIVE’s strengths can be seen in its better growth and strong efficiency compared with its peers. Technical indicators signal the bullish signs, as there is a bullish cross in MACD and Stochastic Oscillator and RSI stands at 54.44 with positive bias. We rate Aerohive Networks, Inc. (HIVE) a STRONG BUY.