Aerohive Networks (HIVE) Tops Q3 EPS by 2c

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Go back to Aerohive Networks (HIVE) Tops Q3 EPS by 2c

Aerohive Networks™ Reports Q3 2018 Results, With Record EPS and Subscription and Support Revenue

October 31, 2018 4:15 PM EDT

MILPITAS, Calif.--(BUSINESS WIRE)-- Aerohive Networks (NYSE: HIVE), a Cloud Networking Leader, today announced financial results for its third quarter ended September 30, 2018.

Today we reported financially strong third quarter results with record subscription and support revenue and gross margins, as well as record high EPS and deferred revenue, stated David Flynn, President and Chief Executive Officer. These results demonstrate our progress moving to a SaaS-like business model and underscore our focus on profitability. We are pleased to return to growth in the second half, and while we are not yet... More