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May 22, 2015 8:42 PM ET

Communications Equipment

Company Overview of Aerohive Networks, Inc.

Company Overview

Aerohive Networks, Inc., together with its subsidiaries, designs and develops cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge in the United Sates and internationally. The company’s Cloud Services Platform delivers cloud-based network management and mobility applications that enable a unified and contextual view; and HiveOS, a mobility-optimized network operating system, which implements a suite of proprietary cooperative control protocols and policy enforcement engines. It offers HiveManager, a unified network management system, which enables end-customers and partners to create, deploy, and manage unified wired and wireless policies ...

330 Gibraltar Drive

Sunnyvale, CA 94089

United States

Founded in 2006

567 Employees

Phone:

408-510-6100

Fax:

408-510-6199

Key Executives for Aerohive Networks, Inc.

Chairman, Chief Executive Officer and President
Age: 50
Total Annual Compensation: $312.0K
Chief Financial Officer, Principal Accounting Officer and Senior Vice President
Age: 52
Total Annual Compensation: $239.6K
Chief Marketing Officer and Senior Vice President
Age: 48
Total Annual Compensation: $262.0K
Senior Vice President of Engineering
Age: 46
Total Annual Compensation: $87.2K
Compensation as of Fiscal Year 2014.

Aerohive Networks, Inc. Key Developments

Barracuda Networks, Inc. and Aerohive Networks Announce the Availability of Products

Barracuda Networks, Inc. and Aerohive Networks announced the availability of products which automate communication of wireless security policies between devices to reduce costs and improve efficiencies for customers. The mobile landscape is dramatically evolving, with trends such as BYOD and the "Internet of Things" (IoT) affecting every kind of organization, often without them even being aware of the infiltration. This mobility explosion is also causing organizations to rethink their underpinning infrastructure and security approach. By using Barracuda and Aerohive products together, customers can enable more advanced wireless access and security with greater user visibility in BYOD environments. Granular Security Policy Enforcement: Each user, device, and application poses a potential threat to an organization's security posture, and IT teams are struggling to balance the demand for flexibility against the security requirements needed to protect the network. Barracuda and Aerohive will provide customers more granular visibility into creating better-defined wireless security policies. Enhanced Regulatory Compliance: Aerohive devices, including access points, switches, and routers, now can integrate with Barracuda Web Security Service, Barracuda Web Filter, and Barracuda NG Firewall. The integration is particularly useful for organizations bound by regulatory compliance requirements including education, healthcare, financial services, and government organizations. Highlighted benefits include: Enhanced Per-User Visibility and Enforcement " Greater user identity, device type and IP address information can enhance and help create more defined security policies based on context. Client-Less Operation " Seamless information sharing between Aerohive and Barracuda products - no client or profile needs to be installed on client devices. Zero-Cost Data Performance " Easy product integrations with no in-line performance hit allow for easy customer installations. Comprehensive Application Visibility and Control " Enforce application controls at both the edge of the network and at the gateway, ensuring applications are identified and prioritized/de-prioritized/blocked based on context at the ideal enforcement point. The technology integration applies to select Barracuda and Aerohive product bundles across both product lines, including products such as Barracuda NG Firewall F10, F100 and F280 and Barracuda Web Filter 310 and 410, Aerohive's AP130, AP230, Barracuda NG Firewall F10 and F100, F280 and Barracuda Web Filter 310/410.

Bojangles’ Restaurants Continues to Rely on Aerohive’s Robust, Scalable and Flexible Wi-Fi for Employee Training

Aerohive Networks announced that Bojangles’ Restaurants Inc. continues to rely on Aerohive’s robust, scalable and flexible Wi-Fi for employee training, PCI compliance and additional customer service offerings across its rapidly expanding franchise.

Aerohive Networks, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015

Aerohive Networks reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue for the first quarter of 2015 was $25.8 million, a decrease of 9%, compared with $28.2 million for the first quarter of 2014. GAAP net loss was $16.1 million, compared with $8.9 million in the first quarter of 2014. Operating loss was $15.346 million compared with $8.560 million for the same period last year. Loss before income taxes was $15.951 million compared with $8.907 million for the same period last year. Net loss was $16.059 million or $0.35 per basic and diluted share against $8.927 million or $1.17 per basic and diluted share a year ago. Net cash used in operating activities was $2.940 million compared with $1.716 million for the same period last year. Purchases of property, equipment and intangible assets were $2.241 million compared with $1.433 million for the same period last year. Non-GAAP net loss for the first quarter of 2015 was $12.2 million or $0.26 basic and diluted per share compared with $7.4 million or $0.97 basic and diluted per share in the first quarter of 2014. As on March 31, 2015, the company's net debt was $20 million. For the second quarter of 2015, the company currently anticipates net revenue in the range of $34 million to $36 million. On a non-GAAP basis, the company expects gross margin to be between 66.5% and 68%. The company expects non-GAAP EPS in the quarter to be between negative $0.24 and negative $0.20. On a GAAP basis, the company expects EPS to be between negative $0.34 and negative $0.30.

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