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HIVE $4.44

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Aerohive Networks, Inc.
Type
Public
Traded as NYSE: HIVE
Industry Technology
Founded
Founder Changming Liu
Headquarters Milpitas, California, U.S.
Key people
David Flynn (CEO)
Products Wi-Fi access points, switches, branch routers, applications and cloud enabled network management
Revenue Increase US$169.8 million (2016)
Number of employees
634 (2016)
Website aerohive.com

Aerohive Networks is an American multinational computer networking equipment company headquartered in Milpitas, California, with 17 additional offices worldwide. The company was founded in 2006 and provides wireless networking to medium-sized and larger businesses.

In 2012, Aerohive was listed on The Wall Street Journal's list of "Top 50 Start-Ups." The company raised around $105 million in venture capital funding before undergoing an IPO in March 2014.

Aerohive was founded in 2006 by Changming Liu. That same year, the company raised $4 million in series A round funding. In July 2007, the company raised an additional $20 million in series B round funding led by Kleiner Perkins Caufield & Byers. Aerohive completed a series C round of funding, raising $23.5 million to expand its sales and marketing strategy in March 2010. In 2011, the company acquired Pareto Networks, a cloud-based routing service, the acquisition allowed Aerohive to integrate Pareto's cloud management technology into its existing offerings. In September 2012, Aerohive raised $22.5 million in a series E round of funding and announced its plans to undergo an IPO the following year. The company raised an additional $10 million in funding as it prepared to go public, in 2013. On March 28, 2014, the company was listed on the New York Stock Exchange under the HIVE symbol. Aerohive joined Barack Obama's ConnectED initiative in October 2014, when it partnered with Apple Inc. and provided wireless connectivity to the schools receiving Apple products.

Aerohive announced that its devices would operate more seamlessly with Barracuda Networks security products in May 2015. In September 2015, the company announced a technology alliance with Juniper Networks. In January 2016, the company released HiveSchool, a learning application for K-12 classrooms that runs on any network with any computer running the Google Chrome web browser. The company announced that it had entered a distribution agreement with Synnex Corporation in February 2016. The agreement named Synnex as the exclusive distributor of Aerohive products in Canada. In April 2016, Aerohive announced a strategic partnership with the technology company Dell.

In September 2016, the company released SD-LAN, a software-defined network that functions on local area networks.

Aerohive develops a controller-less LAN architecture called Cooperative Control, which provides all the performance, availability, management, mobility, and security needed in a large campus deployment. This architecture also enables secure, scalable, high-performance, and mission-critical wireless networking in a manageable and cost-effective way to industries such as education, distributed enterprises, retail, healthcare, state and local government and manufacturing. The company also develops an operating system, HiveOS, for access points and switches, a cloud-enabled management system, HiveManager, Wi-Fi planning tools, applications, and network administration tools for its devices.

The company makes available open REST APIs to its cloud platform, Aerohive Cloud Services, for developers to build Wi-Fi management and analytics solutions. In September 2016, Aerohive announced an update to its cloud management system, HiveManager NG, which enabled LAN networks to become software-defined.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2022-07-19 0.00 0.00
Q3 2020 2022-02-14 0.00 0.00
Q1 2020 2021-10-01 0.00 0.00
Q2 2019 2019-07-30 0.03 -0.11
Q1 2019 2019-05-08 -0.09 -0.15
Q4 2018 2019-02-06 0.01 -0.10
Q3 2018 2018-10-31 0.03 -0.04

Ratings

2016-06-08 Initiated Coverage Wunderlich Buy $8.00
2016-04-05 Reiterated Rating JMP Securities Buy
2016-02-06 Reiterated Rating Bank of America Underperform $7.00 to $6.00
2016-02-06 Reiterated Rating Bank of America Corp. Underperform $7.00 to $6.00
2016-02-04 Lower Price Target Piper Jaffray Overweight $9.00 to $7.20
2016-02-04 Boost Price Target Dougherty & Co $6.00 to $7.00
2016-02-04 Lower Price Target Buckingham Research Buy $9.00 to $8.00
2016-02-04 Lower Price Target Piper Jaffray Cos. Overweight $9.00 to $7.20
2015-08-26 Downgrade Bank of America Buy to Underperform $9.00 to $7.00
2015-08-06 Reiterated Rating Dougherty & Co Buy $8.00 to $10.00
2015-07-06 Boost Price Target JMP Securities Market Outperform $8.00 to $10.00
2015-06-03 Initiated Coverage Citigroup Inc. Neutral
2015-06-02 Boost Price Target Piper Jaffray Overweight $7.00 to $9.00
2015-05-23 Reiterated Rating William Blair Outperform
2015-05-10 Reiterated Rating Piper Jaffray Overweight $6.00 to $7.00
2015-05-07 Upgrade Dougherty & Co Neutral to Buy $8.00
2015-04-28 Reiterated Rating William Blair Outperform
2015-04-14 Downgrade Stephens Overweight to Equal Weight
2015-01-06 Downgrade Goldman Sachs Buy to Neutral $6.25 to $5.25
2015-01-06 Downgrade Goldman Sachs Group Inc. Buy to Neutral $6.25 to $5.25
2014-11-21 Downgrade Macquarie Outperform to Neutral
2014-11-06 Reiterated Rating JMP Securities Market Outperform $27.00 to $22.00
2014-11-06 Downgrade Dougherty & Co Buy to Neutral
2014-11-06 Reiterated Rating Pacific Crest Outperform $10.00 to $8.00
2014-10-14 Reiterated Rating Pacific Crest Outperform $12.00 to $10.00
2014-09-12 Initiated Coverage Morgan Stanley Equal Weight
2014-09-11 Initiated Coverage Macquarie Outperform $10.00
2014-08-08 Boost Price Target Buckingham Research $11.00 to $12.00
2014-07-30 Initiated Coverage Pacific Crest Outperform $12.00
2014-07-16 Initiated Coverage Buckingham Research Buy $11.00
2014-05-17 Reiterated Rating Bank of America Buy $13.00
2014-05-16 Reiterated Rating JMP Securities Outperform $14.00
2014-05-16 Reiterated Rating Piper Jaffray Overweight $14.00
2014-05-16 Reiterated Rating Goldman Sachs Buy $13.00
2014-05-16 Reiterated Rating William Blair Outperform
2014-05-09 Reiterated Rating Bank of America Buy $13.00
2014-05-08 Reiterated Rating JMP Securities Outperform $14.00
2014-05-08 Reiterated Rating Piper Jaffray Overweight $14.00
2014-05-08 Reiterated Rating Goldman Sachs Buy $13.00
2014-05-08 Reiterated Rating William Blair Outperform
2014-05-01 Reiterated Rating Bank of America Buy $13.00
2014-04-30 Reiterated Rating JMP Securities Outperform $14.00
2014-04-30 Reiterated Rating Piper Jaffray Overweight $14.00
2014-04-30 Reiterated Rating Goldman Sachs Buy $13.00
2014-04-30 Reiterated Rating William Blair Outperform
2014-04-23 Initiated Coverage Stephens Overweight
2014-04-23 Reiterated Rating Bank of America Buy $13.00
2014-04-22 Initiated Coverage Bank of America Buy $13.00
2014-04-22 Initiated Coverage JMP Securities Outperform $14.00
2014-04-22 Initiated Coverage William Blair Outperform
2014-04-22 Initiated Coverage Goldman Sachs Buy $13.00
2014-04-22 Initiated Coverage Piper Jaffray Overweight $14.00
2016-06-08 Initiated Coverage Wunderlich Buy $8.00
2016-04-05 Reiterated Rating JMP Securities Buy
2016-02-06 Reiterated Rating Bank of America Underperform $7.00 to $6.00
2016-02-06 Reiterated Rating Bank of America Corp. Underperform $7.00 to $6.00
2016-02-04 Lower Price Target Piper Jaffray Overweight $9.00 to $7.20

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Lightspeed Venture Partners VII, L.P. 16.14%  (7376825) HIVE /
MOTT DAVID M 10.22%  (4673589) ABIO / AKAO / ARDX / AVEO / CLVS / CRCM / CVT / EPZM / HIVE / LOXO / ONTY / ROKA / SURF / SYBX / TSRO /
Viswanathan Ravi 10.22%  (4673589) ABIO / AKAO / ARDX / AVEO / CLVS / CRCM / CVT / EPZM / HIVE / LOXO / ONTY / ROKA / SURF / SYBX / TSRO /
Weller Harry R 10.22%  (4673589) ARDX / CLVS / CRCM / CVT / EPZM / HIVE / LOXO / OPWR / ROKA / TSRO /
BASKETT FOREST 10.22%  (4673589) ABIO / ADNC / AKAO / ARDX / AVEO / CLVS / CRCM / CVT / DATA / ECHO / EPZM / FIO / HIVE / HPTX / INWK / LOXO / ONTY / ROKA / SNSS / SUPN / SURF / SYBX / TSRO / XOOM /
KERINS PATRICK J 10.22%  (4673589) ARDX / CLVS / CRCM / CVT / ECHO / ECOM / EPZM / HIVE / HPTX / LOXO / MM / ROKA / SNSS / SURF / SYBX / TSRO /
SANDELL SCOTT D 10.22%  (4673589) ABIO / ADNC / AKAO / ARDX / AVEO / CLVS / CRCM / CVT / DATA / ECHO / EPZM / FIO / GLYC / HIVE / HPTX / INWK / LOXO / ONTY / ROKA / SNSS / SUPN / SURF / SYBX / TRGT / TSRO / VTAE / WDAY / WIFI / XOOM /
BARRETT M JAMES 10.22%  (4673589) ADNC / ARDX / CLVS / CRCM / CVT / DATA / ECHO / EPZM / FOLD / GLYC / HIVE / HPTX / INWK / LOXO / ROKA / SNSS / SUPN / SURF / SYBX / TRGT / TSRO / VTAE / WIFI / XOOM / ZSAN /
BARRIS PETER J 10.22%  (4673589) ABIO / ADNC / AKAO / ARDX / AVEO / CLVS / CRCM / CVT / DATA / ECHO / EPZM / GLYC / GRPN / HIVE / HPTX / INWK / LOXO / ONTY / ROKA / SNSS / SUPN / SURF / SYBX / TRGT / TSRO / VTAE / WIFI / XOOM / ZHNE /
DRANT RYAN D 10.22%  (4673589) ADNC / ARDX / CLVS / CRCM / CVT / DATA / ECHO / EPZM / HIVE / HPTX / INWK / LOXO / ROKA / SNSS / TSRO / XOOM /
NEW ENTERPRISE ASSOCIATES 13 LP 10.22%  (4673589) CLVS / CRCM / CVT / EPZM / GLYC / HIVE / ROKA / TSRO /
KPCB XII Associates, LLC 8.68%  (3967925) HIVE /
Wilburn Thomas J SVP Worldwide Sales 0.70%  (321579) HIVE /
Ritchie John SVP, Chief Financial Officer 0.64%  (294432) ACIA / HIVE / UBNT /
DEBENHAM STEPHEN VP, Gen. Counsel & Secretary 0.54%  (249097) HIVE /
Rulon-Miller Conway 0.53%  (241865) HIVE /
MARSHALL FRANK 0.52%  (237843) BLOX / HIVE / MOBL /
FLYNN DAVID K. President and CEO 0.49%  (225592) HIVE /
Liu Changming 0.47%  (215109) HIVE /
Greene David O. SVP, Chief Marketing Officer 0.44%  (203106) HIVE /
Papaefstathiou Efstathios SVP, Engineering 0.42%  (192066) CRAY / HIVE /
Amrod Alan SVP. Products and Marketing 0.36%  (165302) HIVE /
Brooks Gordon C. SVP, Chief Financial Officer 0.28%  (128298) HIVE /
Gernez Raphael SVP Operations & Business PMO 0.21%  (97720) HIVE /
CANESSA REMO 0.21%  (93843) BLOX / HIVE /
SCHAEPE CHRISTOPHER J 0.21%  (93843) HIVE / NMBL / RVBD / TNTR /
PAYNE JOHN GORDON 0.17%  (75558) CTXS / HIVE /
Hickman-Smith Dean SVP, Worldwide Field Ops 0.12%  (53904) HIVE /
Garner Curtis E 0.11%  (52263) CMG / HIVE /
KOLLURI KRISHNA KITTU 0.09%  (41580) ADNC / AKAO / ARDX / CLVS / CRCM / CVT / DATA / ECHO / EPZM / HIVE / HPTX / INWK / LOXO / ROKA / SNSS / SUPN / TSRO / XOOM /
DENG FENG 0.09%  (41580) HIVE /
MILBURY PAUL J 0.09%  (39365) GIMO / HIVE / INFN /