Aerohive Netwo…
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Aerohive Networks

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    • Technologyapplication softwarecloud services(SaaS)communication equipmentconnectivitywireless

    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.

    Revenue(FY, 2017)
    $152.9 M
    Market capitalization(2018-09-18)
    $224.1 M
    Customers(FY, 2016)
    30 K
    TypePublic
    HQMilpitas, US
    Founded2006
    Size (employees)490 (est)-20%
    Websiteaerohive.com
    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

    Embed Graph
    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 (Q2, 2018)

    		76.2 m

    Gross profit (Q2, 2018)

    		50.4 m

    Gross profit margin (Q2, 2018), %

    		66.1%

    Net income (Q2, 2018)

    		(10.1 m)

    EBIT (Q2, 2018)

    		(10.1 m)

    Market capitalization (18-Sep-2018)

    		224.1 m

    Closing stock price (18-Sep-2018)

    		4.1

    Cash (30-Jun-2018)

    		35 m
    Aerohive Networks's current market capitalization is $224.1 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, 2018Q2, 2018

    Revenue

    		25.8 m36.8 m42.8 m40.1 m47.6 m40.4 m36.4 m42.3 m37.1 m35.8 m76.2 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 m25.8 m

    Gross profit

    		17.2 m24.7 m28.4 m26.8 m32.2 m27.2 m24.4 m28.5 m24.4 m23.7 m50.4 m

    Gross profit Margin, %

    		67%67%66%67%68%67%67%67%66%66%66%
    show all
    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, 2018Q2, 2018

    Cash

    		92.7 m85.4 m88.2 m41.4 m39.3 m43.9 m28.9 m34.6 m33.9 m21.5 m35 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 m11.2 m
    show all
    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, 2018Q2, 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)(10.1 m)

    Depreciation and Amortization

    		619 k1.6 m2.6 m896 k1.8 m2.7 m842 k1.6 m2.4 m708 k1.5 m

    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)2.3 m

    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)(105 k)
    show all
    USDY, 2018

    Revenue/Employee

    		155.6 k

    Financial Leverage

    		6.5 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
    Show all operating metrics

    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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    Competitors

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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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