Aerohive Networks

Aerohive delivers an open mobility platform that simplifies and transforms the Connected Experience, through information, insights, and applications. The Company unleashes the potential of enterprise Wi-Fi, enabling customers to stop buying copper, move applications to the air, and maximize workforce productivity. Aerohive's Connected Experience is built on three core solutions that unlock the potential of mobility, and make networks easier to design, deploy, and manage Cloud Networking, Great Wi-Fi and Applications & Insights (business and IT applications that increase engagement and fuel business intelligence, powered by APIs, big data, and a partner ecosystem).

Company Growth (employees)
Type
Public
HQ
Milpitas, US
Founded
2006
Size (employees)
620 (est)
Aerohive Networks was founded in 2006 and is headquartered in Milpitas, US

Key People/Management at Aerohive Networks

David Flynn

David Flynn

CEO
Changming Liu

Changming Liu

Founder and CTO
Steve Debenham

Steve Debenham

VP, Legal Services
Chris Schaepe

Chris Schaepe

Investor, Board Member

Aerohive Networks Office Locations

Aerohive Networks has offices in Milpitas, Atlanta, Portland, Surrey and in 6 other locations
Milpitas, US (HQ)
1011 McCarthy Blvd
Atlanta, US
2002 Summit Blvd NE
Portland, US
111 SW 5th Ave
Boulogne-Billancourt, FR
121 Rue d'Aguesseau
Amstelveen, NL
2 Professor J.H. Bavincklaan
Surrey, GB
16 West St
Show all (10)

Aerohive Networks Financials and Metrics

Aerohive Networks Financials

Aerohive Networks's revenue was reported to be $169.8 m in FY, 2016
USD

Revenue (Q2, 2017)

42.3 m

Gross profit (Q2, 2017)

28.5 m

Gross profit margin (Q2, 2017), %

67%

Net income (Q2, 2017)

(3.9 m)

EBIT (Q2, 2017)

(3.6 m)

Market capitalization (13-Dec-2017)

312.4 m

Cash (30-Jun-2017)

34.6 m
Aerohive Networks's current market capitalization is $312.4 m.
USDFY, 2014FY, 2015FY, 2016

Revenue

137.3 m151.7 m169.8 m

Revenue growth, %

10%12%

Cost of goods sold

44.8 m50.4 m55.3 m

Gross profit

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

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

98 m45.7 m34.3 m

Accounts Receivable

524 k

Inventories

8.4 m10.8 m12.6 m

Current Assets

134.7 m130.8 m121.9 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

33.3 m103.9 m106.2 m92.7 m85.4 m88.2 m41.4 m39.3 m43.9 m28.9 m34.6 m

Inventories

6.3 m12.1 m9.5 m11.4 m11.9 m11.8 m11.5 m14.7 m15.7 m11.7 m15 m

Current Assets

63.8 m142.9 m137.3 m124.7 m122.8 m121.4 m130.5 m136 m124.8 m115.1 m125.3 m

PP&E

4.5 m5.8 m7.2 m10.4 m10.1 m9.9 m8.5 m9.9 m9.6 m8.2 m7.6 m
USDFY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

2.3 m3.5 m3.5 m

Accounts Receivable

(7.1 m)1.9 m(3.4 m)

Inventories

(1.5 m)(2.4 m)(1.9 m)
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

(8.9 m)(6.3 m)(7.4 m)(16.1 m)(27.5 m)(38.8 m)(12.5 m)(19.9 m)(29.6 m)(9 m)(12.9 m)

Depreciation and Amortization

619 k1.6 m2.6 m896 k1.8 m2.7 m842 k1.6 m

Accounts Receivable

7.1 m3.9 m8.3 m1.9 m(6.7 m)352 k4.6 m3.3 m

Inventories

12.1 m9.5 m(3 m)(3.6 m)(3.4 m)(714 k)(3.9 m)(4.9 m)961 k(2.4 m)
Y, 2017

Financial Leverage

5.5 x
Show all financial metrics

Aerohive Networks Operating Metrics

Aerohive Networks's Customers was reported to be 30 k in FY, 2016, which is a 25% increase from the previous period. Aerohive Networks's Patent Applications was reported to be 48 in FY, 2016, which is a 14% increase from the previous period
FY, 2014FY, 2015FY, 2016

Customers

19 k24 k30 k

Patents Issued

132229

Patent Applications

364248

Countries

40
Show all operating metrics

Aerohive Networks Market Value History

Aerohive Networks Revenue Breakdown

Aerohive Networks Median Salaries

Source: 42 public H-1B filings from Aerohive Networks

Aerohive Networks's Web-traffic and Trends

Aerohive Networks Online and Social Media Presence

Aerohive Networks Company Life and Culture

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