Aerohive Networks (HIVE) Tops Q1 EPS by 10c
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Aerohive Networks® Reports Q1 2019 Results
May 8, 2019 4:15 PM EDTMILPITAS, Calif.--(BUSINESS WIRE)-- Aerohive Networks (NYSE: HIVE), a leader in cloud-managed networking, today announced financial results for its first quarter ended March 31, 2019.
Given our first quarter results, we have taken actions to improve execution and predictability going forward. Looking ahead, we are encouraged by our continued progression to a more SaaS-like business model, the Wi-Fi 6 (802.11ax) upgrade opportunity, and our success in the 2019 E-rate cycle, stated David Flynn, president and chief executive officer, Aerohive Networks.
First Quarter 2019 Financial Summary
Total revenue for the first quarter of fiscal year 2019 was $33.0... More
