Aerohive Networks (HIVE) Tops Q2 EPS by 4c

Aerohive Networks (NYSE: HIVE) reported Q2 EPS of ($0.02), $0.04 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $47.6 million versus the consensus estimate of $47.45 million.

“We delivered record results in Q2 through strong execution in the face of some market headwinds, leading to our fifth consecutive quarter of exceeding expectations on both the top and bottom line and continued progress toward non-GAAP operating profitability,” stated David Flynn, President and Chief Executive Officer. “I am also pleased with the significant progress we made in our business to strengthen our channels and product offerings, including the introduction of 7 new products in Q2.”

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

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