Aerohive (HIVE) Sees Robust Demand In E-Rate, Retail and Enterprise - PiperJaffray

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Go back to Aerohive (HIVE) Sees Robust Demand In E-Rate, Retail and Enterprise - PiperJaffray

Aerohive Networks Reports Record Fourth Quarter 2015 Revenue of $46.2 Million, up 28% year-over-year

February 3, 2016 4:15 PM EST

Announces Share Repurchase Program

SUNNYVALE, Calif.--(BUSINESS WIRE)-- Aerohive Networks® (NYSE: HIVE), a leader in cloud networking and enterprise Wi-Fi, today announced financial results for its fourth quarter and fiscal year ended December 31, 2015.

Financial Summary

Total revenue for the fourth quarter of 2015 was $46.2 million, an increase of 8% compared with $42.8 million for the third quarter of 2015 and an increase of 28% compared with $36.2 million for the fourth quarter of 2014. Software subscription and services revenue was $7.3 million, or 16% of total revenue for the quarter, compared with $5.0 million, or 14% of... More