Revenue Update on Aerohive Networks Inc(NYSE:HIVE)

Aerohive Networks Inc(NYSE:HIVE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $47.63M. Analysts estimated a revenue of $47.44M. Earnings per share were $-0.15. Analysts had estimated an EPS of $-0.06.

In a different note, Wunderlich said it Initiates Coverage on Aerohive Networks Inc, according to a research note issued on Jun 8, 2016. The shares have been rated ‘Buy’ by the firm.

Aerohive Networks Inc (HIVE) made into the market gainers list on Fridays trading session with the shares advancing 0.15% or 0.01 points. Due to strong positive momentum, the stock ended at $6.86, which is also near the day’s high of $6.9. The stock began the session at $6.87 and the volume stood at 56,309 shares. The 52-week high of the shares is $7.88 and the 52 week low is $4.08. The company has a current market capitalization of $347 M and it has 5,05,99,217 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 27, 2016, Changming Liu (director) sold 3,000 shares at $6.34 per share price.Also, On Nov 9, 2015, Efstathios Papaefstathiou (SVP, Engineering) sold 27,308 shares at $6.45 per share price.On Sep 8, 2015, David K. Flynn (CEO) purchased 3,728 shares at $6.16 per share price, according to the Form-4 filing with the securities and exchange commission.

Aerohive Networks Inc. together with its subsidiaries has designed and developed a cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge. The Company’s hardware products are managed by the Company’s Cloud Services Platform which delivers cloud-managed network management and mobility applications giving end customers a single unified and contextual view of the entire network edge. The Company conducts its business in three geographic regions: Americas; Europe the Middle East and Africa (EMEA) and Asia Pacific (APAC). The Company’s product portfolio includes hardware products cloud-based network management and applications and support services. The Company’s hardware products include access points branch routers and access switches. The Company’s cloud-based product offering includes HiveManager ID Manager Client Management and Social Login applications.

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