Aerohive Networks designs and develops cloud networking and enterprise Wi-Fi solutions. The Company provides hardware products, such as wireless access points, branch routers, and switches; tiered maintenance and support services comprising technical support, bug fixes, access to priority hardware replacement service, and unspecified upgrades; and Software as a Service subscriptions, including comparable maintenance and support services. It offers HiveManager NG, a network management application that features improved troubleshooting, and expanded access to data and analytics, as well as an upgraded cloud-deployment platform.

Type
Public
HQ
Milpitas, US
Founded
2006
Size (employees)
490 (est)-20%
Aerohive Networks was founded in 2006 and is headquartered in Milpitas, US
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Key People/Management at Aerohive Networks

David Flynn

David Flynn

President, CEO
Changming Liu

Changming Liu

Co-Founder
John Ritchie

John Ritchie

SVP, CFO and COO
Alan Cuellar Amrod

Alan Cuellar Amrod

SVP and GM, Products and Marketing
Steve Debenham

Steve Debenham

Corporate VP, General Counsel and Secretary
Eyal Kaldes

Eyal Kaldes

VP of Client Services and Customer Success
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Aerohive Networks Office Locations

Aerohive Networks has offices in Seoul, Hangzhou, Boulogne-Billancourt, Atlanta and in 5 other locations
Milpitas, US (HQ)
1011 McCarthy Blvd
Atlanta, US
1050 Crown Pointe Parkway Suite 945
Alexandria, AU
100 Collins St
Hangzhou, CN
International Technologies Building No. 391, We'er Road
Boulogne-Billancourt, FR
121 rue d’Aguesseau
Seoul, KR
708, Kolon Digital Tower Billant 2nd, 30 Gil 31, Digital-Ro, Guro-gu
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Aerohive Networks Financials and Metrics

Aerohive Networks Revenue

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Aerohive Networks's revenue was reported to be $152.90 m in FY, 2017 which is a 10% decrease from the previous period.
USD

Revenue (Q1, 2018)

35.8 m

Gross profit (Q1, 2018)

23.7 m

Gross profit margin (Q1, 2018), %

66.2%

Net income (Q1, 2018)

(7.3 m)

EBIT (Q1, 2018)

(7.2 m)

Market capitalization (18-Jul-2018)

221.8 m

Closing share price (18-Jul-2018)

4.1

Cash (31-Mar-2018)

21.5 m
Aerohive Networks's current market capitalization is $221.8 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

137.3 m151.7 m169.8 m152.9 m

Revenue growth, %

10%12%(10%)

Cost of goods sold

44.8 m50.4 m55.3 m50.2 m

Gross profit

92.5 m101.3 m114.5 m102.7 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

25.8 m36.8 m42.8 m40.1 m47.6 m40.4 m36.4 m42.3 m37.1 m35.8 m

Cost of goods sold

8.6 m12.1 m14.4 m13.3 m15.5 m13.2 m11.9 m13.8 m12.7 m12.1 m

Gross profit

17.2 m24.7 m28.4 m26.8 m32.2 m27.2 m24.4 m28.5 m24.4 m23.7 m

Gross profit Margin, %

67%67%66%67%68%67%67%67%66%66%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

98 m45.7 m34.3 m27.2 m

Accounts Receivable

24.7 m22.8 m42.4 m17.7 m

Prepaid Expenses

2.6 m4.1 m6.3 m6.5 m

Inventories

8.4 m10.8 m12.6 m13.5 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

92.7 m85.4 m88.2 m41.4 m39.3 m43.9 m28.9 m34.6 m33.9 m21.5 m

Accounts Receivable

17.6 m20.8 m16.3 m20.9 m29.5 m22.5 m21.6 m22.9 m17.2 m

Prepaid Expenses

2.1 m3.9 m4.3 m11.6 m12.4 m7.2 m6.9 m7.1 m7.9 m

Inventories

11.4 m11.9 m11.8 m11.5 m14.7 m15.7 m11.7 m15 m13.2 m13.6 m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(30.6 m)(46.2 m)(36.9 m)(22.9 m)

Depreciation and Amortization

2.3 m3.5 m3.5 m3.1 m

Inventories

(1.5 m)(2.4 m)(1.9 m)(866 k)

Accounts Payable

1.3 m5.2 m(4.5 m)1.3 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

(16.1 m)(27.5 m)(38.8 m)(12.5 m)(19.9 m)(29.6 m)(9 m)(12.9 m)(19.5 m)(7.3 m)

Depreciation and Amortization

619 k1.6 m2.6 m896 k1.8 m2.7 m842 k1.6 m2.4 m708 k

Inventories

(3 m)(3.6 m)(3.4 m)(714 k)(3.9 m)(4.9 m)961 k(2.4 m)(577 k)(63 k)

Accounts Payable

2.5 m1.8 m(17 k)(684 k)1.1 m(2 m)(885 k)4.1 m(911 k)(56 k)
USDY, 2018

Financial Leverage

6.4 x
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Aerohive Networks Operating Metrics

Aerohive Networks's Customers was reported to be 30 k in FY, 2016. Aerohive Networks's Patent Applications was reported to be 45 in FY, 2017.
FY, 2014FY, 2015FY, 2016FY, 2017

Countries

40

Customers

19 k24 k30 k

Patent Applications

36 42 48 45

Patents Issued

13 22 29 54
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Aerohive Networks Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Pareto Networks January 18, 2011
Aerohive Networks Canada Inc.
Aerohive Networks Europe Ltd
Aerohive Networks Ltd.

Aerohive Networks Revenue Breakdown

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Aerohive Networks revenue breakdown by business segment: 26.9% from Software subscription and services and 73.1% from Product

Aerohive Networks revenue breakdown by geographic segment: 8.2% from Asia Pacific, 28.7% from Europe, Middle East and Africa and 63.1% from Americas

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Aerohive Networks Online and Social Media Presence

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Aerohive Networks Company Life and Culture

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