On Thursday, Aerohive Networks HIVE will report its last quarter's earnings. Here is Benzinga's take on the company's release.
Earnings and Revenue
Wall Street analysts see Aerohive Networks reporting a loss of 1 cent per share on revenue of $37.6 million.
Aerohive Networks reported a loss of 4 cents per share when it published results during the same quarter last year. Sales in that period totaled $41 million. The Wall Street estimate would represent a 9.6 percent decline in revenue from the same quarter last year. Aerohive Networks' reported EPS has stacked up against analyst estimates in the past like this:
Quarter | Q3 2017 | Q2 2017 | Q1 2017 | Q4 2016 |
EPS Estimate | -0.05 | -0.1 | -0.07 | |
EPS Actual | -0.03 | 0.01 | -0.08 | -0.04 |
Q4 EPS Estimate: -1 cents per share
Q4 Revenues Estimate: $37 million
Stock Performance
Shares of Aerohive Networks were trading around $3.96. Over the last 52-week period, shares are down 22.66 percent. Given that these returns are generally negative, long-term shareholders are probably upset going into this earnings release.
Over the past 90 days, analysts have generally adjusted their estimates higher for EPS and revenues. The average rating by analysts on Aerohive Networks stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Aerohive's Q4 conference call is scheduled to begin at 5:00 p.m. ET and can be accessed here: https://services.choruscall.com/links/hive180207.html
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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