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Aerohive Networks

DB:2NW
Snowflake Description

Excellent balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2NW
DB
$192M
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Aerohive Networks, Inc., together with its subsidiaries, designs and develops cloud networking and enterprise Wi-Fi solutions in the Americas, Europe, the Middle East and Africa, and the Asia Pacific. The last earnings update was 49 days ago. More info.


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  • Aerohive Networks has significant price volatility in the past 3 months.
2NW Share Price and Events
7 Day Returns
-18.3%
DB:2NW
-9%
DE Communications
2.4%
DE Market
1 Year Returns
-9%
DB:2NW
18.5%
DE Communications
-6.2%
DE Market
2NW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aerohive Networks (2NW) -18.3% -26.2% -0.6% -9% -39.9% -61.3%
DE Communications -9% -2.5% 23.5% 18.5% 1.8% 52.6%
DE Market 2.4% 3% 7.4% -6.2% 9.6% 14.1%
1 Year Return vs Industry and Market
  • 2NW underperformed the Communications industry which returned 18.5% over the past year.
  • 2NW underperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
2NW
Industry
5yr Volatility vs Market

Value

 Is Aerohive Networks undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Aerohive Networks to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Aerohive Networks.

DB:2NW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:2NW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Communications Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.09 (1 + (1- 21%) (10.44%))
1.121
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.121 * 5.96%)
6.91%

Discounted Cash Flow Calculation for DB:2NW using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Aerohive Networks is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:2NW DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.91%)
2019 14.14 Est @ 26.42% 13.23
2020 16.76 Est @ 18.56% 14.67
2021 18.95 Est @ 13.06% 15.51
2022 20.70 Est @ 9.21% 15.85
2023 22.05 Est @ 6.52% 15.79
2024 23.07 Est @ 4.63% 15.45
2025 23.83 Est @ 3.31% 14.93
2026 24.40 Est @ 2.38% 14.30
2027 24.82 Est @ 1.74% 13.61
2028 25.14 Est @ 1.28% 12.89
Present value of next 10 years cash flows $146.22
DB:2NW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $25.14 × (1 + 0.23%) ÷ (6.91% – 0.23%)
$377.29
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $377.29 ÷ (1 + 6.91%)10
$193.46
DB:2NW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $146.22 + $193.46
$339.69
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $339.69 / 56.33
$6.03
DB:2NW Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:2NW represents 0.88573x of NYSE:HIVE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88573x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 6.03 x 0.88573
€5.34
Value per share (EUR) From above. €5.34
Current discount Discount to share price of €3.01
= -1 x (€3.01 - €5.34) / €5.34
43.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Aerohive Networks is available for.
Intrinsic value
44%
Share price is €3.01 vs Future cash flow value of €5.34
Current Discount Checks
For Aerohive Networks to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Aerohive Networks's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Aerohive Networks's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Aerohive Networks's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aerohive Networks's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2NW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.33
NYSE:HIVE Share Price ** NYSE (2019-04-18) in USD $3.4
Germany Communications Industry PE Ratio Median Figure of 5 Publicly-Listed Communications Companies 27.71x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Aerohive Networks.

DB:2NW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HIVE Share Price ÷ EPS (both in USD)

= 3.4 ÷ -0.33

-10.21x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aerohive Networks is loss making, we can't compare its value to the DE Communications industry average.
  • Aerohive Networks is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Aerohive Networks's expected growth come at a high price?
Raw Data
DB:2NW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -10.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
12.2%per year
Europe Communications Industry PEG Ratio Median Figure of 13 Publicly-Listed Communications Companies 0.96x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Aerohive Networks, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Aerohive Networks's assets?
Raw Data
DB:2NW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.33
NYSE:HIVE Share Price * NYSE (2019-04-18) in USD $3.4
Germany Communications Industry PB Ratio Median Figure of 7 Publicly-Listed Communications Companies 1.53x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.85x
DB:2NW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HIVE Share Price ÷ Book Value per Share (both in USD)

= 3.4 ÷ 0.33

10.31x

* Primary Listing of Aerohive Networks.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aerohive Networks is overvalued based on assets compared to the DE Communications industry average.
X
Value checks
We assess Aerohive Networks's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Communications industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Communications industry average (and greater than 0)? (1 check)
  5. Aerohive Networks has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Aerohive Networks expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aerohive Networks expected to grow at an attractive rate?
  • Unable to compare Aerohive Networks's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Aerohive Networks's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • Aerohive Networks's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:2NW Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:2NW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 12.2%
DB:2NW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 4.5%
Germany Communications Industry Earnings Growth Rate Market Cap Weighted Average 24.7%
Europe Communications Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:2NW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2NW Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 171 -14 3
2019-12-31 153 -23 4
DB:2NW Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 155 13 -18
2018-09-30 152 16 -18
2018-06-30 151 12 -20
2018-03-31 152 6 -21
2017-12-31 154 9 -22
2017-09-30 160 4 -25
2017-06-30 161 0 -30
2017-03-31 166 -13 -34
2016-12-31 168 -15 -38
2016-09-30 174 -8 -37
2016-06-30 177 -6 -38
2016-03-31 166 -5 -41

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Aerohive Networks is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Aerohive Networks's revenue is expected to grow by 4.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:2NW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Aerohive Networks Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2NW Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 -0.24 -0.15 -0.33 2.00
2019-12-31 -0.40 -0.39 -0.41 2.00
DB:2NW Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.33
2018-09-30 -0.32
2018-06-30 -0.37
2018-03-31 -0.39
2017-12-31 -0.42
2017-09-30 -0.48
2017-06-30 -0.58
2017-03-31 -0.65
2016-12-31 -0.76
2016-09-30 -0.74
2016-06-30 -0.77
2016-03-31 -0.85

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Aerohive Networks will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Aerohive Networks's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Aerohive Networks has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Aerohive Networks performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Aerohive Networks's growth in the last year to its industry (Communications).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Aerohive Networks does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Aerohive Networks's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Aerohive Networks's 1-year growth to the Europe Communications industry average as it is not currently profitable.
Earnings and Revenue History
Aerohive Networks's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Aerohive Networks Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2NW Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 154.91 -18.34 83.63 35.65
2018-09-30 151.86 -17.52 83.25 34.78
2018-06-30 150.61 -20.14 84.41 35.51
2018-03-31 152.34 -21.13 86.31 36.15
2017-12-31 153.56 -22.11 88.48 36.42
2017-09-30 159.53 -25.26 92.72 38.08
2017-06-30 160.60 -29.91 96.13 39.50
2017-03-31 166.03 -33.51 102.27 40.84
2016-12-31 167.84 -38.22 107.32 41.50
2016-09-30 174.35 -36.69 110.16 41.89
2016-06-30 176.77 -37.54 113.48 41.30
2016-03-31 165.97 -40.96 110.83 39.62
2015-12-31 151.66 -44.22 106.61 36.92
2015-09-30 141.61 -45.16 104.43 33.52
2015-06-30 134.16 -41.97 99.13 30.97
2015-03-31 134.88 -37.41 96.88 28.92
2014-12-31 137.29 -29.04 92.03 27.55
2014-09-30 131.38 -30.36 89.61 27.32
2014-06-30 125.06 -31.13 85.70 26.28
2014-03-31 115.54 -31.84 80.08 26.12
2013-12-31 107.14 -33.23 75.46 25.74
2013-09-30 97.67 -34.41 71.25 23.84
2013-06-30 90.34 -31.57 65.07 21.92
2013-03-31 76.67 -29.82 57.31 18.54
2012-12-31 71.22 -24.74 51.29 16.08

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Aerohive Networks has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Aerohive Networks has efficiently used its assets last year compared to the DE Communications industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Aerohive Networks improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Aerohive Networks's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Communications industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Aerohive Networks has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Aerohive Networks's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Aerohive Networks's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Aerohive Networks is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Aerohive Networks's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Aerohive Networks's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 6.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Aerohive Networks Company Filings, last reported 3 months ago.

DB:2NW Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 17.61 20.00 92.10
2018-09-30 20.84 20.00 94.74
2018-06-30 20.92 20.00 87.62
2018-03-31 20.18 20.00 77.87
2017-12-31 24.91 20.00 84.92
2017-09-30 21.18 20.00 83.01
2017-06-30 25.41 20.00 80.23
2017-03-31 23.11 20.00 74.83
2016-12-31 28.69 20.00 76.75
2016-09-30 28.73 20.00 79.16
2016-06-30 32.68 20.00 78.98
2016-03-31 32.39 20.00 86.14
2015-12-31 40.93 20.00 92.33
2015-09-30 34.24 20.00 88.19
2015-06-30 40.95 20.00 85.37
2015-03-31 46.02 20.00 92.66
2014-12-31 58.16 19.75 98.04
2014-09-30 61.78 19.72 106.24
2014-06-30 66.11 19.72 103.91
2014-03-31 -4.58 19.66 33.30
2013-12-31 0.56 19.62 35.02
2013-09-30 5.84 10.00 33.89
2013-06-30 10.59 10.00 28.03
2013-03-31 14.91 10.00 29.59
2012-12-31 14.91 10.00 29.59
  • Aerohive Networks's level of debt (113.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (3917.8% vs 113.6% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Aerohive Networks has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Aerohive Networks has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -98.5% per year.
X
Financial health checks
We assess Aerohive Networks's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Aerohive Networks has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Aerohive Networks's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Aerohive Networks dividends. Estimated to be 0% next year.
If you bought €2,000 of Aerohive Networks shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Aerohive Networks's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Aerohive Networks's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:2NW Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Europe Communications Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:2NW Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Aerohive Networks has not reported any payouts.
  • Unable to verify if Aerohive Networks's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Aerohive Networks's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Aerohive Networks has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Aerohive Networks's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Aerohive Networks's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Aerohive Networks afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aerohive Networks has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Aerohive Networks's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Flynn
COMPENSATION $706,473
AGE 54
TENURE AS CEO 11.8 years
CEO Bio

Mr. David K. Flynn has been the Chief Executive Officer, President and Chairman of Aerohive Networks, Inc. since July 2007, November 2007 and July 2013 respectively. Mr. Flynn has more than 15 years experience in the networking and security industries working with both software and hardware products. He served as the Vice President of Marketing of NetScreen Technologies Inc. from June 1999 to 2004. Mr. Flynn served in various marketing and product management positions at 3Com Corporation, from 1991 to April 1999, which is a computer network equipment manufacturer, where he served as the Vice President of Marketing for the architecture and software operation. He served as Vice President of Products for the Security Products Group at Juniper Networks. Mr. Flynn has been a Director of Aerohive Networks, Inc. since July 2006. He serves as a Member of The Advisory Board at Talari Networks, Inc. He served as a Director of MU Dynamics, Inc. Mr. Flynn holds a B.A. in Economics from Williams College and an MBA from the Stanford Graduate School of Business.

CEO Compensation
  • David's compensation has been consistent with company performance over the past year.
  • David's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Aerohive Networks management team in years:

3.3
Average Tenure
55
Average Age
  • The tenure for the Aerohive Networks management team is about average.
Management Team

David Flynn

TITLE
Chairman
COMPENSATION
$706K
AGE
54
TENURE
11.8 yrs

John Ritchie

TITLE
Senior VP
COMPENSATION
$2M
AGE
52
TENURE
3.6 yrs

Alan Amrod

TITLE
Senior VP and GM of Products & Sales
COMPENSATION
$2M
AGE
59
TENURE
0.4 yrs

Steve Debenham

TITLE
Corporate VP
AGE
56
TENURE
6.3 yrs

Talia Malik

TITLE
Manager of Corporate Communications

John Merrill

TITLE
Vice President of Marketing
TENURE
0.4 yrs

Valerie Junger

TITLE
Corporate Vice President of Human Resources & Real Estate

Michael O’Brien

TITLE
Vice President of Global Channels
TENURE
3.3 yrs

Ron Gill

TITLE
Vice President of Americas Sales
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure and age of the Aerohive Networks board of directors in years:

5.7
Average Tenure
63
Average Age
  • The tenure for the Aerohive Networks board of directors is about average.
Board of Directors

David Flynn

TITLE
Chairman
COMPENSATION
$706K
AGE
54
TENURE
5.8 yrs

Frank Marshall

TITLE
Lead Independent Director
COMPENSATION
$195K
AGE
71

Remo Canessa

TITLE
Director
COMPENSATION
$198K
AGE
61
TENURE
5.6 yrs

John Payne

TITLE
Director
COMPENSATION
$182K
AGE
55
TENURE
5.1 yrs

Rajeev Krishnamoorthy

TITLE
Member of Advisory Board

Jeff Thermond

TITLE
Member of Advisory Board
AGE
65

Bob O'Hara

TITLE
Member of Advisory Board

Todd Rulon-Miller

TITLE
Director
COMPENSATION
$178K
AGE
67
TENURE
9.9 yrs

Joe Epstein

TITLE
Member of Advisory Board
TENURE
7.4 yrs

Kyuri Pandit

TITLE
Director
COMPENSATION
$182K
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
21. Feb 19 Sell Northern Light Venture Capital Company 15. Nov 18 15. Nov 18 -791 €3.48 €-2,753
15. Dec 18 Sell Lightspeed Venture Partners Company 13. Dec 18 14. Dec 18 -10,192 €3.07 €-31,195
X
Management checks
We assess Aerohive Networks's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Aerohive Networks has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Aerohive Networks, Inc., together with its subsidiaries, designs and develops cloud networking and enterprise Wi-Fi solutions in the Americas, Europe, the Middle East and Africa, and the Asia Pacific. The company 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. Its cloud-based product comprises HiveManager, a network management application that features an updated user interface, improved troubleshooting, and expanded access to data and analytics, as well as an upgraded cloud-deployment platform. The company sells its products to industry verticals, including education, distributed enterprises, retail, hospitality, and healthcare through a network of authorized distributors, value-added resellers, and managed service providers. Aerohive Networks, Inc. was incorporated in 2006 and is headquartered in Milpitas, California.

Details
Name: Aerohive Networks, Inc.
2NW
Exchange: DB
Founded: 2006
$170,299,322
56,329,325
Website: http://www.aerohive.com
Address: Aerohive Networks, Inc.
1011 McCarthy Boulevard,
Milpitas,
California, 95035,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HIVE Common Stock New York Stock Exchange US USD 28. Mar 2014
DB 2NW Common Stock Deutsche Boerse AG DE EUR 28. Mar 2014
LSE 0HA4 Common Stock London Stock Exchange GB USD 28. Mar 2014
Number of employees
Current staff
Staff numbers
460
Aerohive Networks employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 21:52
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/16
Last earnings filing: 2019/03/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.