Aerohive Networks Inc (HIVE) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $-0.13 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $-0.16. The company posted revenue of $40.10 million in the period, compared to analysts expectations of $39.59 million. The company’s revenue was up 55.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.26 EPS.
Aerohive Networks Inc opened for trading at $5.83 and hit $6.24 on the upside on Monday, eventually ending the session at $6.23, with a gain of 7.41% or 0.43 points. The heightened volatility saw the trading volume jump to 1,88,743 shares. Company has a market cap of $305 M.
In a different news, on Apr 20, 2016, Changming Liu (director) sold 3,000 shares at $5.80 per share price. According to the SEC, on Nov 9, 2015, Efstathios Papaefstathiou (SVP, Engineering) sold 27,308 shares at $6.45 per share price. On Sep 8, 2015, David K. Flynn (CEO) purchased 3,728 shares at $6.16 per share price, according to the Form-4 filing with the securities and exchange commission.
Aerohive Networks Inc. together with its subsidiaries has designed and developed a cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge. The Company’s hardware products are managed by the Company’s Cloud Services Platform which delivers cloud-managed network management and mobility applications giving end customers a single unified and contextual view of the entire network edge. The Company conducts its business in three geographic regions: Americas; Europe the Middle East and Africa (EMEA) and Asia Pacific (APAC). The Company’s product portfolio includes hardware products cloud-based network management and applications and support services. The Company’s hardware products include access points branch routers and access switches. The Company’s cloud-based product offering includes HiveManager ID Manager Client Management and Social Login applications.