Home / Networking / Valuation Today: Aerohive Networks (NYSE: HIVE) – Reagents Global Market

Valuation Today: Aerohive Networks (NYSE: HIVE) – Reagents Global Market

Aerohive Networks is in the communication equipment industry and is in the technology sector. The company CEO is David K. Flynn. Aerohive Networks Inc designs and develops cloud networking and enterprise wi-fi solutions in Americas, Europe, the Middle East and Africa, and the Asia Pacific region.

Business Wire:  Two Honorees from Aerohive® Recognized on CRN’s Prestigious 2019 Women of the Channel List

Historical Performance:

Over the last five trading days, HIVE shares returned -3.38% and in the past 30 trading days it returned -20.79%. Over three months, it changed -28.39%. In one year it has changed -20.60% and within that year its 52 week high was 5.18 and its 52 week low was 3.19. HIVE stock is 7.52% above its 52 week low.

Our calculations result in a 200 day moving average of 3.97 and a 50 day moving average of 3.94. Right now, HIVE stock is trading -13.50% below its 200 day moving average and may not be a great opportunity to buy as it may continue to trend down.

Business Wire:  Two Honorees from Aerohive® Recognized on CRN’s Prestigious 2019 Women of the Channel List

Liquidity:

The company has a market cap of $193.2m with 56.3m shares outstanding and a float of 52.6m shares. Trading volume was 668,686 shares and has experienced an average volume of 349,400 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is bad, highly speculative and an investor may want to avoid this stock.

Earnings:

The last annual reported EPS for Aerohive Networks was -0.32 which ended on 31st of December 2018. Based on 2 analyst estimates, the consensus EPS for the next quarter is -0.07.

Below was the last reported quarterly diluted earnings per share:

1st Qtr 2019 Reported 05-08-2019: -0.15
4th Qtr 2018 Reported 02-06-2019: -0.10
3rd Qtr 2018 Reported 10-31-2018: -0.04
2nd Qtr 2018 Reported 08-01-2018: -0.05
1st Qtr 2018 Reported 05-02-2018: -0.13

Base on our calculations, the intrinsic value per share is 2.52, which means it might be overvalued by -36.35%.

EPS growth is an important number as it indicates the future prospects of Aerohive Networks; the EPS growth rate, as it is usually called, is typically displayed as a percentage, which at this time is hard to estimate, but revenue growth has been -3.70% over the last twelve months.

Indicators Also to Watch:

Based on the latest filings, there is 65.50% of institutional ownership. Short-interest was 310,073, which was 0.55% of shares outstanding. The short-interest ratio or days-to-cover ratio was 1.38. This stock has some short interest, but it might be normal and no need to worry if long the position.

The beta was calculated to be 1.13.

SeekingAlpha:  InfuSystem Holdings reports Q1 results

Fundamental Numbers:

Based on last reported financials, the company’s return on equity is -120.97%, return on assets is -14.80%, profit margin is -12.93%, price-to-sales is 1.27 and price-to-book is 15.65.

Company Score Card:

Results are out of six:
 1  : Growth Expectations Result
 5  : Financial Safety Result
 0  : Past Performance Result
 0  : Valuation Result
 0  : Dividend Safety Result
 1  : Overall Result

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Tags: Aerohive Networks, Communication Equipment, HIVE, Technology


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