Wunderlich Securities Downgrades Aerohive Networks (HIVE) to Hold
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Aerohive Networks Announces Preliminary Third Quarter 2016 Financial Results
October 13, 2016 4:15 PM EDTProvides Preliminary Outlook for Its Fourth Quarter 2016
MILPITAS, Calif.--(BUSINESS WIRE)-- Aerohive Networks® (NYSE: HIVE) today announced preliminary results for the third fiscal quarter ended September 30, 2016.
Revenue for the third fiscal quarter is expected to be $40 million, which is below the Company's previously stated guidance of $46 million to $50 million. On a GAAP basis, the Company expects gross margin for the third fiscal quarter to be between 66.3 percent and 66.8 percent. On a non-GAAP basis, the Company expects gross margin to be between 67.5... More