Aerohive Networks (HIVE) Tops Q4 EPS by 2c

Aerohive Networks (NYSE: HIVE) reported Q4 EPS of ($0.09), $0.02 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $36.2 million versus the consensus estimate of $36.2 million.

“Overall, 2014 was an eventful year for the company, as we completed our initial public offering and made important strides in driving the 802.11ac transition and diversifying revenue among our key verticals. We are encouraged by our fourth quarter results and the progress we are making to improve sales execution, though we realize we have more work to do,” stated David Flynn, President and Chief Executive Officer. “We look forward to 2015 being a year for Aerohive to drive more capacity and diversification while capitalizing on the AC transition and the expanding education opportunity.”

For earnings history and earnings-related data on Aerohive Networks (HIVE) click here.

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