Aerohive Networks (HIVE) Misses Q3 EPS by 2c
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Union Pacific beats profit estimates on stronger pricing, resumes share buyback
- Hertz Global (HTZ) misses earnings expectations as fleet costs weigh
- Teladoc (TDOC) Misses Q1 EPS by 3c, offers outlook
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Aerohive Networks Reports Fiscal Third Quarter 2016 Results
November 2, 2016 4:18 PM EDTRecord Revenue for Software and Subscriptions Business Growing 30% Year over Year
MILPITAS, Calif.--(BUSINESS WIRE)-- Aerohive Networks® (NYSE: HIVE), a leader in cloud networking and enterprise Wi-Fi, today announced financial results for its third fiscal quarter ended September 30, 2016.
Total revenue for the third fiscal quarter of 2016 was $40.4 million, a decrease of 6% compared with $42.8 million for the third quarter of 2015 and a decrease of 15% compared with $47.6 million for the second quarter of 2016. Software subscription and services revenue was $8.7 million, or 21% of total revenue for the quarter, compared with $6.7... More