Aerohive Networks, Inc. (NYSE: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%.
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.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple (NASDAQ:AAPL)'s 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
Aerohive Networks, Inc. (HIVE): Free Stock Analysis Report
Original post
Zacks Investment Research