Aerohive Networks: 2Q Earnings Snapshot
MILPITAS, Calif. (AP) _ Aerohive Networks Inc. (HIVE) on Tuesday reported a loss of $6.1 million in its second quarter.
The Milpitas, California-based company said it had a loss of 11 cents per share. Earnings, adjusted for stock option expense and restructuring costs, were 3 cents per share.
The developer of a cloud-managed mobile networking platform posted revenue of $38 million in the period.
In the final minutes of trading on Tuesday, the company’s shares hit $4.44. A year ago, they were trading at $4.03.