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Aerohive Networks: 2Q Earnings Snapshot

July 30, 2019

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HIVE at https://www.zacks.com/ap/HIVE

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