Aerohive Networks (HIVE) Tops Q2 EPS by 4c
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Piper Jaffray Raises Price Target on Aerohive Networks (HIVE) to $7.50 Following 2Q Beat
August 4, 2016 9:29 AM EDTPiper Jaffray reiterated an Overweight rating on Aerohive Networks (NYSE: HIVE), and raised the price target to $7.50 (from $7.20), following the company's 2Q earnings report. HIVE reported revenues of $47.6M, which increased 29.3% Y/Y, slightly ahead of Street expectations of $47.4M. A non-GAAP EPS loss of $0.02 came in $0.04 better than consensus estimates.... More
