EMCORE (EMKR) Reaches $6.73 After 8.00% Down Move; AEROHIVE NETWORKS (HIVE) Sentiment Is 1.44

January 14, 2018 - By Neil V. Hobbs

Aerohive Networks, Inc., together with its subsidiaries, creates and develops cloud networking and enterprise Wi-Fi solutions in Americas, Europe, the Middle East and Africa, and the Asia Pacific. The company has market cap of $315.70 million. The firm provides hardware products, such as wireless access points, branch routers, and switches; tiered maintenance and support services comprising technical support, bug fixes, access to priority hardware replacement service, and unspecified upgrades; and Software as a Service subscriptions, including comparable maintenance and support services. It currently has negative earnings. The Company’s cloud product comprises HiveManager, a network management application; and Mobility Suite, which includes guest access, personal device access, ID manager, and social login applications.

The stock of EMCORE Corporation (NASDAQ:EMKR) is a huge mover today! The stock decreased 3.93% or $0.275 during the last trading session, reaching $6.725. About 189,553 shares traded. EMCORE Corporation (NASDAQ:EMKR) has risen 148.03% since January 14, 2017 and is uptrending. It has outperformed by 131.33% the S&P500.The move comes after 7 months negative chart setup for the $182.44M company. It was reported on Jan, 14 by Barchart.com. We have $6.19 PT which if reached, will make NASDAQ:EMKR worth $14.60M less.

Investors sentiment decreased to 1.1 in 2017 Q3. Its down 0.08, from 1.18 in 2017Q2. It dived, as 17 investors sold EMCORE Corporation shares while 24 reduced holdings. 15 funds opened positions while 30 raised stakes. 20.30 million shares or 1.74% more from 19.95 million shares in 2017Q2 were reported. 2.31 million are owned by Paradigm Cap Ny. Northpointe Limited Liability Com stated it has 0.45% of its portfolio in EMCORE Corporation (NASDAQ:EMKR). Ariel Investments Limited Com accumulated 453,060 shares or 0.04% of the stock. Hancock Holdg invested 0.01% of its portfolio in EMCORE Corporation (NASDAQ:EMKR). Aqr Mgmt Ltd Liability Corp holds 0% or 89,719 shares. Goldman Sachs Gp Inc owns 27,183 shares. Virginia-based Thompson Siegel & Walmsley Limited Co has invested 0% in EMCORE Corporation (NASDAQ:EMKR). Virtu Fincl Ltd Liability Com reported 17,995 shares or 0% of all its holdings. National Bank Of Mellon accumulated 186,276 shares. Moreover, Ny State Common Retirement Fund has 0% invested in EMCORE Corporation (NASDAQ:EMKR) for 156,218 shares. Jpmorgan Chase has invested 0% in EMCORE Corporation (NASDAQ:EMKR). Wellington Gru Llp invested 0.01% in EMCORE Corporation (NASDAQ:EMKR). 18,100 are owned by Axa. Millennium Management Lc stated it has 440,842 shares or 0.01% of all its holdings. Ameritas Invest Prtn Incorporated, Nebraska-based fund reported 1,917 shares.

Since October 18, 2017, it had 0 buys, and 2 selling transactions for $426,072 activity. $348,425 worth of EMCORE Corporation (NASDAQ:EMKR) shares were sold by RITTICHIER JEFFREY.

Among 5 analysts covering Emcore (NASDAQ:EMKR), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Emcore had 16 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has “Buy” rating by Northland Capital on Monday, September 11. The stock of EMCORE Corporation (NASDAQ:EMKR) earned “Outperform” rating by Northland Capital on Wednesday, December 9. The firm earned “Neutral” rating on Thursday, June 29 by B. Riley & Co. As per Tuesday, March 8, the company rating was initiated by Lake Street. The stock has “Buy” rating by B. Riley & Co on Friday, February 5. The rating was maintained by Northland Capital with “Buy” on Monday, October 16. Lake Street maintained the shares of EMKR in report on Wednesday, February 8 with “Buy” rating. The stock of EMCORE Corporation (NASDAQ:EMKR) has “Buy” rating given on Thursday, December 8 by Dougherty & Company. The stock of EMCORE Corporation (NASDAQ:EMKR) earned “Outperform” rating by Northland Capital on Monday, November 9. On Thursday, October 20 the stock rating was initiated by Dougherty & Company with “Buy”.

EMCORE Corporation, together with its subsidiaries, designs, makes, and sells indium phosphide optical chips, components, subsystems, and systems for the broadband and specialty fiber optics market worldwide. The company has market cap of $182.44 million. It offers DFB laser modules and diodes, laser and avalanche chips, optical receivers, and broadband photodiodes for use in telecommunication, cable television, fiber-to-the-premises, defense and homeland security, satellite communication and broadcast, and professional audio/video applications. It has a 22.34 P/E ratio. The firm sells its products through direct sales force, application engineers, third party sales representatives, and distributors.

Analysts await EMCORE Corporation (NASDAQ:EMKR) to report earnings on February, 6. They expect $0.04 earnings per share, down 60.00% or $0.06 from last year’s $0.1 per share. EMKR’s profit will be $1.09 million for 42.03 P/E if the $0.04 EPS becomes a reality. After $0.09 actual earnings per share reported by EMCORE Corporation for the previous quarter, Wall Street now forecasts -55.56% negative EPS growth.

Ratings analysis reveals 25% of Aerohive Networks’s analysts are positive. Out of 4 Wall Street analysts rating Aerohive Networks, 1 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $5.0 while the high is $10.0. The stock’s average target of $7.50 is 27.33% above today’s ($5.89) share price. HIVE was included in 4 notes of analysts from October 14, 2016. Buckingham Research downgraded the shares of HIVE in report on Friday, October 14 to “Neutral” rating. The stock of Aerohive Networks, Inc. (NYSE:HIVE) earned “Mkt Perform” rating by JMP Securities on Monday, February 6. As per Friday, October 14, the company rating was downgraded by Wunderlich. The company was initiated on Friday, December 16 by DA Davidson.

The stock decreased 1.01% or $0.06 during the last trading session, reaching $5.89. About 233,119 shares traded. Aerohive Networks, Inc. (HIVE) has declined 22.32% since January 14, 2017 and is downtrending. It has underperformed by 39.02% the S&P500.

Analysts await Aerohive Networks, Inc. (NYSE:HIVE) to report earnings on February, 13. They expect $-0.09 EPS, up 35.71% or $0.05 from last year’s $-0.14 per share. After $-0.12 actual EPS reported by Aerohive Networks, Inc. for the previous quarter, Wall Street now forecasts -25.00% EPS growth.

Institutional Venture Management Xiii Llc holds 3.11% of its portfolio in Aerohive Networks, Inc. for 1.11 million shares. S Squared Technology Llc owns 457,805 shares or 1.58% of their US portfolio. Moreover, Cooper Creek Partners Management Llc has 1.35% invested in the company for 558,215 shares. The Massachusetts-based Granahan Investment Management Inc Ma has invested 0.41% in the stock. Menta Capital Llc, a California-based fund reported 125,329 shares.

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