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Aerohive -5.5% on Macquarie downgrade

  • Citing tough competition in the controller-free enterprise Wi-Fi market, Macquarie has downgraded Aerohive (NYSE:HIVE) to Neutral. Its target is $6.
  • Aerohive plunged last month after issuing a Q3 warning. Bigger rival Aruba is selling off today due to its soft January quarter guidance.

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