Aerohive Networks

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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.

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TypePublic
Founded2006
HQMilpitas, USMap
Websiteaerohive.com
Employee Ratings2.7More
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Latest Updates

Employees (est.) (Feb 2019)490
Job Openings20
Revenue (FY, 2017)$152.9 M(-9%)
Share Price (Feb 2019)$4.2 (+3%)

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 Milpitas, Atlanta, , Alexandria and in 6 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 (Q3, 2018)

40.6m

Gross profit (Q3, 2018)

26.6m

Gross profit margin (Q3, 2018), %

65.6%

Net income (Q3, 2018)

(2.4m)

EBIT (Q3, 2018)

(2.6m)

Market capitalization (13-Feb-2019)

235.6m

Closing stock price (13-Feb-2019)

4.2

Cash (30-Sep-2018)

32.5m

EV

223.1m
Aerohive Networks's current market capitalization is $235.6 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

137.3m151.7m169.8m152.9m

Revenue growth, %

10%12%(10%)

Cost of goods sold

44.8m50.4m55.3m50.2m

Gross profit

92.5m101.3m114.5m102.7m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

28.2m37.6m35.3m25.8m36.8m42.8m40.1m47.6m40.4m36.4m42.3m37.1m35.8m40.5m40.6m

Cost of goods sold

9.2m12.2m11.4m8.6m12.1m14.4m13.3m15.5m13.2m11.9m13.8m12.7m12.1m13.8m13.9m

Gross profit

19.0m25.4m23.9m17.2m24.7m28.4m26.8m32.2m27.2m24.4m28.5m24.4m23.7m26.7m26.6m

Gross profit Margin, %

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

Cash

98.0m45.7m34.3m27.2m

Accounts Receivable

24.7m22.8m42.4m17.7m

Prepaid Expenses

2.6m4.1m6.3m6.5m

Inventories

8.4m10.8m12.6m13.5m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

33.3m103.9m106.2m92.7m85.4m88.2m41.4m39.3m43.9m28.9m34.6m33.9m21.5m35.0m32.5m

Accounts Receivable

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

Prepaid Expenses

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

Inventories

6.3m12.1m9.5m11.4m11.9m11.8m11.5m14.7m15.7m11.7m15.0m13.2m13.6m11.2m13.7m
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Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

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

Depreciation and Amortization

2.3m3.5m3.5m3.1m

Inventories

(1.5m)(2.4m)(1.9m)(866.0k)

Accounts Payable

1.3m5.2m(4.5m)1.3m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(8.9m)(15.2m)(22.6m)(16.1m)(27.5m)(38.8m)(12.5m)(19.9m)(29.6m)(9.0m)(12.9m)(19.5m)(7.3m)(10.1m)(12.6m)

Depreciation and Amortization

497.0k1.0m1.8m619.0k1.6m2.6m896.0k1.8m2.7m842.0k1.6m2.4m708.0k1.5m2.3m

Inventories

487.0k(5.2m)(2.7m)(3.0m)(3.6m)(3.4m)(714.0k)(3.9m)(4.9m)961.0k(2.4m)(577.0k)(63.0k)2.3m(195.0k)

Accounts Payable

1.8m7.6m1.4m2.5m1.8m(17.0k)(684.0k)1.1m(2.0m)(885.0k)4.1m(911.0k)(56.0k)(105.0k)2.9m
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USDY, 2018

EV/EBIT

-85.5 x

EV/CFO

15.7 x

Debt/Equity

1 x

Debt/Assets

0.1 x

Financial Leverage

6.8 x
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Aerohive Networks Operating Metrics

Aerohive Networks's Customers was reported to be 30 k in FY, 2016.
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 NetworksJanuary 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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Competitors

Mist Systems
Mobile & Telecommunications - Private
Perspecta
Government & Public Services - Public
CradlePoint
Technology - Private
Ruckus Wireless
Technology - Subsidiary
Ubiquiti
Manufacturing & Industrial - Public
Aruba Networks
Technology - Subsidiary
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Aerohive Networks Online and Social Media Presence

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Aerohive Networks Blogs

February 14, 2019

The Five Love Languages: How to Express Our Commitment to Our Customers

Valentine’s Day is the perfect time to express our commitment to our loved ones, as well as the other people in our lives who we share an emotional connection with, our customers. You may have heard of the 5 Love Languages book, and the idea of “love languages”. If you haven’t, the whole premise is …
February 13, 2019

Top ‘Must Haves’ of Next-Generation Retail Wi-Fi

Treat Wi-Fi as a business enablement/business intelligence tool A device’s Wi-Fi signals can be anonymously detected and, due to the high-percentage of shoppers carrying Wi-Fi-equipped devices, can be used to accurately measure shopper behavior. The Aerohive Cloud Services solution platform includes…
February 11, 2019

The Future of Enterprise Networking: Wi-Fi 6, Machine Learning, Artificial Intelligence, and More

Ahead of our 2019 Channel Xperience Day in Amsterdam, Aerohive’s own Alan Cuellar Amrod (Senior Vice President and General Manager – Products and Marketing) was interviewed by Vincent Everts about a multitude of topics ranging from 802.11ax, Machine Learning, AI, Atom AP30, Aerohive Connect, and mor…
February 06, 2019

International Partnership with Westcon Enables More Customers to Experience Cloud-Managed Wi-Fi

It was recently announced that Westcon has signed an agreement with Aerohive to distribute our products and services across nine markets that include Singapore, Indonesia, Malaysia; Thailand and Philippines, Vietnam, China, Hong Kong and Taiwan. This partnership covers cloud-based networking, access…
February 06, 2019

Anima Group Chooses Aerohive’s Cloud Management Solution to Simplify Multi-Campus Wi-Fi Network and Handle Client Density

We recently spoke with The Anima Group about their Aerohive deployment. The Anima Group operates in the education segment of Brazil, with four universities in Sao Paulo, Minas, Parana, Santa Catarina, and Goias. They have been in operation for 16 years, have 4,000 employees, and serve 100,000 studen…
February 04, 2019

6 Things to Expect from 802.11ax (Wi-Fi 6)

On the CWNP Blog, they published a new post called 6 Things to Expect from 802.11ax that is a great read. If you’re having trouble falling asleep, try reading the draft of the latest standard IEEE 802.11ax. David Coleman, CWNE #4 and Senior Tech Evangelist at Aerohive Networks, jokes that while the …
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Aerohive Networks Company Life and Culture

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 Aerohive Networks Frequently Asked Questions

  • When was Aerohive Networks founded?

    Aerohive Networks was founded in 2006.

  • Who are Aerohive Networks key executives?

    Aerohive Networks's key executives are David Flynn, Changming Liu and John Ritchie.

  • How many employees does Aerohive Networks have?

    Aerohive Networks has 490 employees.

  • What is Aerohive Networks revenue?

    Latest Aerohive Networks annual revenue is $152.9 m.

  • What is Aerohive Networks revenue per employee?

    Latest Aerohive Networks revenue per employee is $312 k.

  • Who are Aerohive Networks competitors?

    Competitors of Aerohive Networks include Mist Systems, Perspecta and CradlePoint.

  • Where is Aerohive Networks headquarters?

    Aerohive Networks headquarters is located at 1011 McCarthy Blvd, Milpitas.

  • Where are Aerohive Networks offices?

    Aerohive Networks has offices in Milpitas, Atlanta, , Alexandria and in 6 other locations.

  • How many offices does Aerohive Networks have?

    Aerohive Networks has 19 offices.