KBW kept its Market Perform rating and $4.50 price target on HIVE (NASDAQ: HIVE) on Monday after the operator posted better-than-expected EBITDA and expanded its contracted AI cloud revenue. The target implies about 67% upside from the $2.69 share price cited in the note.
Analyst Stephen Glagola said HIVE generated fiscal first-quarter 2027 revenue of $79.1 million, above KBW's $77.9 million estimate but below the $82.2 million consensus. Gross margin reached 30.6%, compared with KBW's 29.7% forecast.
KBW-defined EBITDA was $15.2 million, topping the bank's $13.2 million estimate and the $11.7 million consensus. Cash G&A declined 4% sequentially to $9 million, versus KBW's $9.9 million estimate, while HIVE's adjusted EBITDA was $13.4 million.
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HIVE's AI cloud subsidiary has secured two multi-year reserved GPU contracts in British Columbia since its previous earnings call. The agreements carry combined annual recurring revenue of about $143 million, modestly above KBW's $135 million model and prior management guidance.
#estimate #price #cloud
Analyst Stephen Glagola said HIVE generated fiscal first-quarter 2027 revenue of $79.1 million, above KBW's $77.9 million estimate but below the $82.2 million consensus. Gross margin reached 30.6%, compared with KBW's 29.7% forecast.
KBW-defined EBITDA was $15.2 million, topping the bank's $13.2 million estimate and the $11.7 million consensus. Cash G&A declined 4% sequentially to $9 million, versus KBW's $9.9 million estimate, while HIVE's adjusted EBITDA was $13.4 million.
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HIVE's AI cloud subsidiary has secured two multi-year reserved GPU contracts in British Columbia since its previous earnings call. The agreements carry combined annual recurring revenue of about $143 million, modestly above KBW's $135 million model and prior management guidance.
#estimate #price #cloud
2 months ago
