Wunderlich Securities Downgrades Aerohive Networks (HIVE) to Hold

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Go back to Wunderlich Securities Downgrades Aerohive Networks (HIVE) to Hold

Aerohive Networks (HIVE) Warns for Q3

October 13, 2016 4:16 PM EDT

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 (*** cons. is $47.96 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 percent and 68.0 percent, at the upper end... More