Aerohive Networks (HIVE) Misses Q2 EPS by 3c

Aerohive Networks (NYSE: HIVE) reported Q2 EPS of ($0.24), $0.03 worse than the analyst estimate of ($0.21). Revenue for the quarter came in at $36.8 million versus the consensus estimate of $35.07 million.

"Our second quarter results validate our confidence in Aerohive’s underlying business, with good growth in enterprise and a return towards more typical education buying patterns,” stated David Flynn, President and Chief Executive Officer. “We look forward to continued diversification and growth based on improving sales execution, partnerships and further development of channel opportunities.”

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

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