Aerohive Networks Reports Fourth Quarter and Fiscal Year 2016 Results

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Go back to Aerohive Networks Reports Fourth Quarter and Fiscal Year 2016 Results

William Blair Reiterates Outperform on Aerohive Networks (HIVE)

February 15, 2017 8:00 AM EST

William Blair reiterated an Outperform rating on Aerohive Networks (NYSE: HIVE) following the company's 4Q earnings report. Revenues were down 10% yearover-year (missing consensus by $2 million), caused by a difficult E-rate environment and an elongated sales cycle.

Analyst Jason Ader commented, "Aerohive delivered a mixed fiscal fourth... More