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June 9, 2014
08:47 EDTHIVE, ARUNAerohive Networks outlook has improved, says JMP Securities
After meeting with Aerohive's (HIVE) management, JMP Securities thinks the company has several positive catalysts, including efforts by school districts to increase Wi-Fi coverage,growing international interest, and a strong start for Aruba's (ARUN) new 802.11AC access point. The firm reiterates a $14 price target and Outperform rating on Aerohive.
News For HIVE;ARUN From The Last 14 Days
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October 14, 2014
08:31 EDTHIVEAerohive price target lowered to $8 from $14 at JMP Securities
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07:13 EDTHIVEAerohive price target lowered to $8 from $14 at Stephens
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05:51 EDTHIVEAerohive Networks Q3 miss due to sales exection, says Piper Jaffray
Piper Jaffray believes Aerohive Networks' weaker than expected preliminary Q3 results were driven by a "misstep in sales execution" and not product issues. The firm remains positive on the WLAN space and keeps an Overweight rating on Aerohive with a $14 price target.
October 13, 2014
12:16 EDTHIVEOn The Fly: Midday Wrap
Stocks on Wall Street were slightly lower at midday amid light trading volume. Banks and bond markets are closed in observance of the Columbus Day holiday, though equity markets remain open. ECONOMIC EVENTS: In the U.S., no major economic data was reported. COMPANY NEWS: Shares of a number of freight train operators rose after The Wall Street Journal reported that one of the companies in the sector, CSX (CSX), was approached by a larger rival, Canadian Pacific (CP), about a possible merger. Following the Journal's report, CSX rose 10% and Canadian Pacific advanced 1%, while Norfolk Southern (NSC) and Kansas City Southern (KSU) both climbed about 3%... Chrysler returned to the U.S. stock market, as shares of Fiat Chrysler began trading on the New York Stock Exchange under the symbol "FCAU." MAJOR MOVERS: Among the notable gainers was J.C. Penney (JCP), which rose 3% after the company selected Marvin Ellison, who is currently executive vice president of stores at Home Depot (HD), to become its next CEO. Also higher were Atlas Energy (ATLS), which rose 20%, and Atlas Pipeline Partners (APL), which advanced 6%, after Targa Resources Partners (NGLS) and Targa Resources (TRGP) agreed to acquire Atlas Pipeline Partners for cash and stock valued at $38.66 per APL common unit and agreed to buy Atlas Energy following the company's spin-off of its non-midstream assets. Among the noteworthy losers was Aerohive Networks (HIVE), which plunged 30% after the company lowered its guidance for the third quarter, citing weaker-than-expected order volume near the quarter's end. Also lower were shares of GoPro (GPRO), which fell over 8% after a French journalist reported that the son of racing legend Michael Schumacher attributed the severity of his father's brain injury following a skiing accident on the GoPro camera mounted to his helmet. INDEXES: Near midday, the Dow was down 32.14, or 0.19%, to 16,511.96, the Nasdaq was down 7.97, or 0.19%, to 4,268.27, and the S&P 500 was down 6.85, or 0.36%, to 1,899.28.
11:30 EDTHIVEAerohive Networks sinks after lowering Q3 outlook
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08:34 EDTHIVEAerohive Networks cuts Q3 adjusted EPS view to (12c)-(10c) from (10c)-(8c)
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