Aerohive Networks (HIVE) Tops Q1 EPS by 2c; Sees Profits in Q2

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Go back to Aerohive Networks (HIVE) Tops Q1 EPS by 2c; Sees Profits in Q2

Aerohive Networks Reports Q1 2017 Results; Guides to Profitability in Q2

May 3, 2017 4:16 PM EDT

Record Software and Subscriptions Revenue, with 24% YoY Growth in Q1

MILPITAS, Calif.--(BUSINESS WIRE)-- Aerohive Networks® (NYSE: HIVE), a leader in cloud networking and enterprise Wi-Fi, today announced financial results for its first quarter ended March 31, 2017.

Were pleased to deliver results at the high end of our guidance for revenue and exceeding our guidance for gross margin and earnings per share, made possible by the actions we have taken to improve our execution and operational efficiency, stated David Flynn, President and Chief Executive Officer.... More