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News: $HIVE Aerohive Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Aerohive Networks, Inc. is Fair to Shareholders - HIVE
NEW YORK, June 26, 2019 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Aerohive Networks, Inc. (NYSE: HIVE) to Extreme Networks, Inc. (“Extreme Networks”) is fair to Aerohive shareholders. On behalf of Ae...
In case you are interested https://marketwirenews.com/news-releases/aerohive-merger-investigation-halper-sadeh-llp-announces-investigation-into-whether-the-sale-of-aerohive-networks-inc-is-fair-to-shareholders-hive-8418632.html
News: $HIVE Extreme Networks to Acquire Aerohive Networks
SAN JOSE, Calif. , and MILPITAS, Calif. , June 26, 2019 /PRNewswire/ -- Extreme Networks , Inc. (Nasdaq: EXTR), a software-driven networking company, and Aerohive Networks (NYSE: HIVE), a pioneer in cloud-managed networking, today announced they have entered into a definitive agreemen...
In case you are interested https://marketwirenews.com/news-releases/extreme-networks-to-acquire-aerohive-networks-8416120.html
Aerohive Shareholders Seek to Recover Losses - (via NewsPoints Desk)
January 17, 2018
Tags: NewsPoints Aerohive United States Corporate Affairs
A group of Aerohive Networks shareholders are seeking to recover their losses
after the company announced that it had sales execution issues in its fourth quarter
2017. Shareholders who purchased since August 2017 and suffered losses
on their purchases of Aerohive Networks stock are eligible to participate in
the action. The shareholders allege that the company made materially false
and misleading statements regarding its sales practices and/or did not disclose
these material facts when they were known. As a result, shareholders
who acquired the stock since August 2017 and suffered losses on their
purchases are eligible to participate in an action, at no cost, to potentially
recover their losses.
Aerohive did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Aerohive for more information as to how you can participate
call toll free 800.511.7037 or contact@tripplevy.com
It sure looks possible. Great run beginning at the first of November. Unfortunately I have no shares and been out for a while. Been following occasionally, but kept waiting for the dip which hasn't appeared.
Good luck, you've done great.
HIVE
She wants 7 dollars + this week
Hive 7 dollars in sight
We have a history of losses and we may not achieve profitability in the future.
In February 2017, we indicated that we have taken actions to reduce our ongoing operating expenses that we believe positions us to achieve non-GAAP operating profitability at $45 million quarterly revenue. We may subsequently take actions which could raise or lower the level of quarterly revenue we would need to achieve non-GAAP profitability in any period. Nonetheless, we have a history of losses. We have never achieved GAAP profitability on a quarterly or annual basis, and we cannot predict with certainty whether or when we might be profitable in the foreseeable future, even at these revenue levels. We experienced net losses on a GAAP basis of $44.2 million, $36.9 million and $19.5 million for fiscal years 2015, 2016 and the nine months ended September 30, 2017, respectively. As of September 30, 2017, our accumulated deficit was $247.0 million . We expect to continue to incur expenses associated with the continued development and expansion of our business, including expenditures to hire additional personnel: specifically, personnel costs relating to sales, marketing and engineering, and investments in channel and product development and support. As such, we may not control our expenses sufficiently to achieve operating profitability on a non-GAAP basis even if we achieve quarterly revenue in the indicated range. If we fail to increase our revenue and manage our cost structure, we may not achieve or sustain profitability in the future. Once achieved, we may not be able to sustain or increase our profitability, at all or at levels our investors or industry analysts expect, or we may choose to continue to make investments in our operations which we feel will promote long-term growth but which will reduce near-term profitability. This could also require us to continue to use available cash to support our investments and ongoing operations. As a result, our business and prospects, and how investors view and value our common stock, would be harmed.
Aerohive Networks Recognized by Deloitte as the Fastest Growing Communications/Networking Company in North America for 2014
AEROHIVE NETWORKS, INC (NYSE:HIVE)
Today : Friday 14 November 2014
Aerohive Networks® (NYSE:HIVE), a leader in Wi-Fi and cloud-managed mobile networking, today announced that is has been ranked the fastest growing Communications/Networking company in the Deloitte Technology Fast 500 awards, and the forty-seventh fastest growing technology company in North America. This prestigious accolade provides a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.
News Facts
Deloitte Technology Fast 500 award winners for 2014 were selected based on the percentage of fiscal year revenue growth from 2009 to 2013. According to the Fast 500 list, over that period Aerohive’s annual revenue grew 2,811 percent, ranking as the #1 fastest growing Communications/Networking company, and the 47th fastest growing technology company, in North America.
In the Fast 500 list for 2013, Aerohive ranked as the 4th fastest growing Communications/Networking company, and the 41st fastest growing technology company in North America based on revenue growth from 2008 to 2012.
The software sector led all industry categories, with 241 companies on the list.
Aerohive deploys high-performance Wi-Fi and management solutions based on a unique, distributed intelligent architecture that include enterprise-class Access Points; revolutionary, easy-to-deploy Branch Routers; state-of-the-art SR Switch Platforms; and an on-premise or cloud-based network management solution for easy configuration and monitoring.
According to the International Data Corporation (IDC) Worldwide Quarterly, the enterprise Wi-Fi market grew 7.7 percent in Q2 2014 over Q2 2013, in significant part due to enterprise requirements around mobility, the Internet of Things and the mass adoption of the latest and fastest 802.11ac standard in Wi-Fi driving network upgrades to next-generation infrastructure. To date Aerohive has grown its customer base to over 17,000 customers worldwide.
For more information on Aerohive’s award winning technology, please visit https://www.aerohive.com/solutions/solutions-overview.
Comments
“As trends like BYOD, ubiquitous Wi-Fi, and the cloud continue to be widely adopted, organizations of various sizes across all industries are realizing the importance of choosing a networking infrastructure that simplifies this complexity,” said David Flynn, chief executive officer, Aerohive. “At Aerohive, our continued growth stems from our commitment to providing this primary access layer for easy to deploy, reliable and resilient network connectivity in our enterprise-class networking solutions. We’re honored to have been selected as a recipient of this prestigious award again and look forward to our continued growth and innovation in 2015.”
About Deloitte’s 2014 Technology Fast 500™
Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2009 to 2013.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years and be headquartered within North America.
About Aerohive Networks
Aerohive (NYSE: HIVE) unleashes the power of enterprise mobility. Aerohive’s technology enables organizations of all sizes to use mobility to increase productivity, engage customers and grow their business. Deployed in over 17,000 customers worldwide, Aerohive's proprietary mobility platform takes advantage of the cloud and a distributed architecture to deliver scalable, simplified, secure and cost-effective networks. Aerohive was founded in 2006 and is headquartered in Sunnyvale, Calif. For more information, please visit www.aerohive.com, call us at 408-510-6100, follow us on Twitter @Aerohive, subscribe to our blog, join our community or become a fan on our Facebook page.
“Aerohive,” is a registered trademark of Aerohive Networks, Inc. All product and company names used herein are trademarks or registered trademarks of their respective owners. All rights reserved.
Aerohive Networks
Jenni Adair, 408-510-6117
Director of PR/AR/Social Media
jadair@aerohive.com
Twitter: @Aerohive
iHub's news alert is incorrect. Financials were reported last week:
__________________________________________________________
Aerohive Networks Reports Third Quarter 2014 Financial Results
Sunnyvale, Calif. — November 5, 2014 — Aerohive Networks® (NYSE:HIVE), a leader in controller-less Wi-Fi and cloud-managed mobile networking for the enterprise market, today announced financial results for its third quarter of 2014 ended September 30, 2014.
Financial Summary
Total revenue for the third quarter of 2014 was $35.3 million, an increase of 22%, compared with $29.0 million for the third quarter of 2013. Software subscriptions and service revenue was $4.6 million, or 13% of total revenue for the quarter, compared with $2.6 million, or 9% of total revenue for the third quarter of 2013.
For the third quarter of 2014, GAAP net loss was $7.4 million, compared with $8.1 million in the third quarter of 2013. GAAP gross margin was 67.6%, compared with 66.3% in the year-ago period. Non-GAAP net loss for the third quarter of 2014 was $4.5 million, compared with $5.9 million in the third quarter of 2013. Non-GAAP gross margin was 68.0%, compared with 66.5% in the year-ago period. A description of the non-GAAP calculations and a reconciliation to comparable GAAP financial measures are provided in the accompanying table entitled “Reconciliation of GAAP to Non-GAAP Financial Measures.”
“We are disappointed with our revenue for the third quarter, which was below our original expectation due to sales capacity and performance, particularly in our less-developed territories,” stated David Flynn, President and Chief Executive Officer. “We realize we need to improve our execution, and we are actively working to more consistently grow capacity with increased investments in hiring additional sales people, ramping our recently hired sales people, and developing our channel. We remain confident in our competitive differentiation and the potential to address a large and growing market opportunity.”
Conference Call Information
Aerohive Networks will host a conference call and webcast for analysts and investors to discuss its third quarter 2014 results and outlook for its fourth quarter of 2014 at 2:00 pm Pacific Time today, November 5, 2014. The call may be accessed by dialing 1-888-461-2024 (toll free) or 1-719-325-2308 (international) and providing the passcode 6230678. A live audio webcast of the conference call will be accessible from the “Investor Relations” section of the Company’s website at http://ir.aerohive.com. An audio replay of the call may be accessed via dial-in at 1-888-203-1112 with the passcode 6230678 or by webcast on the Investor Relations section of Aerohive’s website at http://ir.aerohive.com.
Safe Harbor Statement
This press release contains forward-looking statements, including statements regarding Aerohive Networks’ financial expectations and operating performance and expectations for continued growth in 2014, including statements regarding our efforts and investments to increase capacity, hire and ramp additional sales personnel, develop our channel, and our expectations with respect to our competitive differentiation, potential to address our market opportunity, size of market opportunity and ability to improve our execution. These forward-looking statements are based on current expectations and are subject to inherent uncertainties, risks and changes in circumstances that are difficult or impossible to predict. The actual outcomes and results may differ materially from those contemplated by these forward-looking statements as a result of these uncertainties, risk and changes in circumstances, including, but not limited to, risks and uncertainties related to: our ability to continue to attract, integrate, retain and train skilled personnel, especially skilled sales personnel, in general and in specific regions, our ability to develop and expand our sales capacity and improve the effectiveness of our channel, our ability to improve our operating and sales execution, general demand for wireless networking in the industry verticals targeted or demand for Aerohive products in particular, unpredictable and changing market conditions, risks associated with the deployment, performance and adoption of new products and services, risks associated with our growth, competitive pressures from existing and new companies, technological change, product development delays, reliance on third parties to manufacture, warehouse and timely deliver Aerohive products or international operations, our inability to protect Aerohive intellectual property or to predict or limit exposure to third party claims relating to its or Aerohive’s intellectual property, Aerohive’s limited operating history, particularly as a newly public company; and general market, political, regulatory, economic and business conditions in the United States and internationally.
Additional risks and uncertainties that could affect Aerohive’s financial and operating results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," in the Company’s recent quarterly report on Form 10-Q. Aerohive’s SEC filings are available on the Investor Relations section of the Company’s website at http://ir.aerohive.com and on the SEC's website at www.sec.gov. All forward-looking statements in this press release are based on information available to the Company as of the date hereof, and Aerohive Networks disclaims any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law.
Non-GAAP Financial Measures
Aerohive’s reported results include certain non-GAAP financial measures, including:
non-GAAP gross profit and non-GAAP gross margin
non-GAAP operating expense and non-GAAP operating expense percentage
non-GAAP operating loss and non-GAAP operating loss percentage
non-GAAP net loss and non-GAAP net loss per share
The Company defines non-GAAP financial measures to exclude share-based compensation, amortization of acquired intangibles and the periodic fair value re-measurements related to convertible preferred stock warrants.
The Company has included non-GAAP financial measures in this press release because they are key measures used to evaluate the business, measure performance, identify trends affecting the business, formulate financial projections and make strategic decisions. In particular, the exclusion of certain non-cash expenses in calculating these non-GAAP financial measures can provide a useful measure for period-to-period comparisons of the Company’s core business.
Although non-GAAP financial measures are frequently used by investors in their evaluations of companies, these non-GAAP financial measures have limitations in that they do not reflect all of the amounts associated with the Company’s results of operations as determined in accordance with GAAP. Some of these limitations are:
the non-GAAP measures do not consider the dilutive impact of stock-based compensation, which is an ongoing expense for the Company;
although amortization is a non-cash charge, the assets being amortized often will have to be replaced in the future, and non-GAAP gross profit percentage, non-GAAP operating loss, non-GAAP operating loss percentage, non-GAAP net loss, and non-GAAP loss per share do not reflect any cash requirement for such replacements;
non-GAAP net loss and non-GAAP net loss per share do not reflect the periodic fair value re-measurements related to convertible preferred stock warrants; and
other companies, including companies in this industry, may calculate these non-GAAP financial measures differently, which reduces their usefulness as a comparative measure.
Because of these limitations, you should consider non-GAAP financial measures only together with other financial performance measures, including various cash flow metrics, net loss and other GAAP results.
About Aerohive Networks
Aerohive (NYSE: HIVE) unleashes the power of enterprise mobility. Aerohive’s technology enables organizations of all sizes to use mobility to increase productivity, engage customers, and grow their business. Deployed in over 17,000 enterprises worldwide, Aerohive's proprietary mobility platform takes advantage of the cloud and a distributed architecture to deliver unified, intelligent, simplified and cost-effective networks. Aerohive was founded in 2006 and is headquartered in Sunnyvale, Calif. For more information, please visit www.aerohive.com, call us at 408-510-6100, follow us on Twitter @Aerohive, subscribe to our blog, join our community or become a fan on our Facebook page.
“Aerohive” is a registered trademark of Aerohive Networks, Inc. All product and company names used herein are trademarks or registered trademarks of their respective owners. All rights reserved.
Investor Relations Contract:
The Blueshirt Group
Suzanne Schmidt or Melanie Solomon
(408) 769-6720
ir@aerohive.com
[tables follow]
_____________________________________________
http://www.aerohive.com/company/press-releases/aerohive-networks-reports-third-quarter-2014-financial-results
HIVE
Aerohive Networks Inc.
NYSE: HIVE
Snapshot
Average Recommendation: BUY Average Target Price: 7.73
Number of Ratings: 11 Current Quarters Estimate: -0.11
________________________________________________
http://www.marketwatch.com/investing/stock/HIVE/analystestimates?subview=snapshot&pg=analyst
HIVE
Aerohive Networks Selected by Apple to Provide Wi-Fi for ConnectED Initiative
SUNNYVALE, Calif.--(BUSINESS WIRE)--
Aerohive Networks® (NYSE:HIVE), a leader in Wi-Fi and cloud-managed mobile networking, today announced it will provide the Wi-Fi infrastructure to support Apple's® $100M contribution to ConnectED. Aerohive's next-generation networking solutions will enable superior connectivity for Apple devices and supporting content, providing teachers a new set of tools to engage and inspire their students. Aerohive is the only Wi-Fi infrastructure company working with Apple on this initiative.
News Facts
ConnectED is a U.S. government initiative to empower teachers with the best technology and training to make the most of it, to empower students through individualized learning and rich, digital content.
In support of ConnectED Apple will grant 114 schools iPads, MacBooks, and Apple TVs, along with technical and professional development support. Apple ConnectED Partners who share Apple's vision for transforming education with technology will provide educational content, tailored curriculum and network connectivity.
Aerohive will provide the Wi-Fi infrastructure as part of Apple's deployments, supporting Apple-provided devices and giving reliable access to content and curriculum. This includes Aerohive 802.11ac wireless access points, switches and cloud-based management.
Managed service provider and Aerohive Partner Education Networks of America (ENA)®, will deploy and manage Aerohive's Wi-Fi solution in the Apple-selected schools with their turnkey managed service, ENA Air?.
Aerohive enables high-performance, enterprise-grade Wi-Fi infrastructure for the best possible Wi-Fi-connected Apple-device experience. Aerohive's unique Bonjour Gateway is designed around the properties and requirements of iOS- and OS X-based client devices to manage and control Apple service availability, such as AirPrint™, AirPlay®, file sharing and collaboration applications.
Resources
ConnectED Initiative
Apple and ConnectED
Apple ConnectED Partners
Aerohive and Apple solution page
ENA Partnership
JAMF Software Partnership
Aerohive Customer Case Studies - Apple device deployments
Rowan Salisbury School District
Pender County School District
Pulaski County Special School District
Allegany County Public Schools
Holly Area School District
Comments
"Apple has the ability to work with most any solution on the market and we are truly honored that Aerohive is the one standing next to Apple in support of this important initiative," said Bill Hoppin, vice president of business development, Aerohive Networks. "Like Apple, we understand that technology can transform the classroom. Our robust Wi-Fi infrastructure for Apple devices will allow these schools to get the most from their new technology, focusing on engaging students and opening new opportunities."
"Aerohive's participation in this program brings together a number of the company's unique capabilities and differentiators: a passionate focus on the end-user experience; solutions that are optimized for iOS and OS X devices; integration with third-party vendors to facilitate deployments; and turnkey delivery via managed service partners," said John McKnight, vice president, research and analyst services, Enterprise Strategy Group. "More importantly, Aerohive brings a focus on enabling better application experiences as well as the ability to deliver unique insights about application and infrastructure usage to school technical staff, faculty, and administrators alike. ESG sees this as an ideal template for schools across the country and looks forward to monitoring Aerohive's progress in this program. We will also be watching how Aerohive builds on its Apple relationship to drive future activity not only in education but across the broader commercial enterprise market."
About Aerohive Networks
Aerohive (NYSE:HIVE) unleashes the power of enterprise mobility. Aerohive's technology enables organizations of all sizes to use mobility to increase productivity, engage customers and grow their business. Deployed in over 17,000 customers worldwide, Aerohive's proprietary mobility platform takes advantage of the cloud and a distributed architecture to deliver scalable, simplified, secure and cost-effective networks. Aerohive was founded in 2006 and is headquartered in Sunnyvale, Calif. For more information, please visit www.aerohive.com, call us at 408-510-6100, follow us on Twitter @Aerohive, subscribe to our blog, join our community or become a fan on our Facebook page.
"Aerohive," is a registered trademark of Aerohive Networks, Inc. All product and company names used herein are trademarks or registered trademarks of their respective owners. All rights reserved.
Source: Aerohive Networks
Read more: http://www.nasdaq.com/press-release/aerohive-networks-selected-by-apple-to-provide-wifi-for-connected-initiative-20141028-01087#ixzz3IyJWcuZ5
____________________________________
HIVE
Same here , it was a pleasure.
That was the one of few "adult" convos ive had on ihub. Nice to see there are objective intelligent minds still out there.
That's the way I originally looked at it good young company. The apple thing was not about revenue now , its about exposure and credibility of product
GL
On the other hand I think it's a great business move by Aerohive to get their foot in the door and be associated with Apple in some way shape or form. It does add slight value but ton's of credibility to HIVE. I now have this on my radar. GL
I get what your saying , this isn't a financial partnership like g$tat was. They just build the best product in the sector , for that apple chose them to contribute to there initiative they are sold in apple store , but again to me this was a huge positive for a young company to get the stamp of approval in a sense from apple by then one selling it and two allowing them into the initiative.
There major financial deal was done with Verizon a few weeks back in regards to retail WiFi / connectivity
They had no knowledge of the newly formed Apple - Aerohive relationship. I'm guessing because no money changed hands. HIVE might be a quality company I dont know. I have nothing against them or their stock. I was merely trying to confirm news to justify the jump yesterday.
I'm not sure what or why they told you at apple ir but they have posted on the website and the product in the stores.
I'm assuming that's why they had no clue at APPLE IR. I don't post BS. I guess I should of called the Apple Gifting/Donation Dept.
It was assumed it was charity this isn't a pinky POS lol. Companies that can donate massive amounts of goods are usually pretty good companies
They have 19% rev growth rate since inception vs 3% for sector
They are working with two world leading companies Verizon with retail connectivity and are sold on the apple store which is not a small achievement's
The quick pop might have been pre mature , but this is a 12-15$ company in the next 6 months if you still believe this is a POS please post DD to prove me wrong
Sorry I was Wrong.. Sell this crap while you can ! The media forgot to tell us that the partnership with Apple is a Gift : "Aerohive Networks, Inc. would like to clarify that it is providing the Wi-Fi infrastructure, including its Aerohive 802.11ac wireless access points, switches and cloud-based management, as a donation in support of Apple's grant program
Thanks for the post , it`s good to see Aerohive Networks is listed as a partner on Apple`s website store.Huge Volume today will probable gap up tomorrow. I look for the $8.00 range tomorrow, The ask is $7.00 for tomorrow after the close of after hours trading. The street will push this baby back to double digits they are talking about the coming short squeeze. Goldman owns shares in the High $9`s.
Yea I'd say so. You know how it goes a pharm co. could sell a tube of hemorrhoid cream to Tim Cook and the word Apple is mentioned and the sh*t blows up . I'm talking about the ticker not Tim's a*s. Lol
,,,,,,,Not getting ANY LOVE AH!
* * $HIVE Video Chart 10-28-14 * *
Link to Video - click here to watch the technical chart video
Sounds good , I guess I spoke to a Nitwit. Not "THE" Nitwit but def a
Twit . TY I Will be checking the action here in the AM
Confirmed HIVE is supplying all the WiFi hardware as a partner with apple.
I believe so. I think its the main number, then I was transferred twice. Not sure if IR is on the same premises.
That was the corporate office you called?
Hey AT yea I called for the heck of it cuz I was one of the idiots that bought into that " IC*A WiFi being bought out by Google scam " It hit every news feed in the country ,granted it was a penny stock but I held that crap for a couple of years. So when I hear BIG names I double check. News probably didnt filter down yet.
Nice job!
HIVE CAUTION
I just spoke to a young lady at Apple IR and she had no knowledge of this .http://www.cnbc.com/id/102128862#. Maybe they didn't get the news yet , but I was put on hold and she double checked and nada. I wanted confirmation before I jumped in. No go. Disappointing
Apple
1 Infinite Loop
Cupertino, CA 95014
408.996.1010
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