Aerohive Networks (HIVE) Misses Q2 EPS by 2c
Aerohive Networks (NYSE: HIVE) reported Q2 EPS of ($0.14), $0.02 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $37.6 million versus the consensus estimate of $35.82 million.
“The second quarter of 2014 - our first full quarter as a public company - was a strong quarter for Aerohive, driven by continued customer acquisition and sequential revenue growth of 33% over the first quarter,” stated David Flynn, President and Chief Executive Officer, Aerohive Networks. “The seasonally strong Education quarter, additional diversification coming from Retail and Enterprise, and the rapid ramp of our 802.11ac business contributed to our largest revenue quarter to date.”
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