Dougherty & Co Upgrades Aerohive Networks (HIVE) to Buy

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Go back to Dougherty & Co Upgrades Aerohive Networks (HIVE) to Buy

Aerohive Networks Reports First Quarter 2015 Financial Results

May 6, 2015 4:05 PM EDT

SUNNYVALE, Calif.--(BUSINESS WIRE)-- Aerohive Networks® (NYSE: HIVE), a leader in controller-less Wi-Fi and cloud-managed mobile networking for the enterprise market, today announced financial results for its first quarter of 2015, ended March 31, 2015.

Financial Summary

Total revenue for the first quarter of 2015 was $25.8 million, a decrease of 9%, compared with $28.2 million for the first quarter of 2014. Software subscription and services revenue was $5.3 million, or 21% of total revenue for the quarter, compared with $3.4 million, or 12% of total revenue for the first quarter of 2014.

For the first quarter of 2015, GAAP net loss was $16.1... More