Aerohive Networks

Aerohive delivers an open mobility platform that simplifies and transforms the Connected Experience, through information, insights, and applications. Aerohive Networks 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 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 Mc Carthy Blvd
Alexandria, AU
100 Collins St
Amstelveen, NL
2 Professor J.H. Bavincklaan
Boulogne Billancourt, FR
121 Rue D'aguesseau
Surrey, GB
16 West St
Portland, US
111 Sw 5th Ave
Atlanta, US
2002 Summit Blvd Ne

Aerohive Networks Data and Metrics

Aerohive Networks Financial Metrics

Aerohive Networks's revenue was reported to be $169.8 m in FY, 2016 which is a 12% increase from the previous period.
USD

Revenue (FY, 2016)

169.8 m

Revenue growth (FY, 2015 - FY, 2016), %

12%

Gross profit (FY, 2016)

114.5 m

Gross profit margin (FY, 2016), %

67%

Net income (FY, 2016)

(36.9 m)

EBIT (FY, 2016)

(36.8 m)

Market capitalization (26-Jun-2017)

233.3 m

Closing share price (26-Jun-2017)

5.4

Cash (31-Dec-2016)

34.3 m
Aerohive Networks's current market capitalization is $233.3 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

Gross profit Margin, %

67%67%67%

Sales and marketing expense

72.4 m83.1 m81 m

R&D expense

27.5 m36.9 m41.5 m

General and administrative expense

21.2 m26.3 m28.8 m

Operating expense total

121.1 m146.3 m151.3 m

EBIT

(28.6 m)(45 m)(36.8 m)

EBIT margin, %

(21%)(30%)(22%)

Interest expense

(1.8 m)(1.2 m)(474 k)

Interest income

37 k108 k468 k

Pre tax profit

(30.1 m)(45.8 m)(36.6 m)

Income tax expense

(441 k)(352 k)269 k

Net Income

(30.6 m)(46.2 m)(36.9 m)
USDFY, 2014FY, 2015FY, 2016

Cash

98 m45.7 m34.3 m

Inventories

8.4 m10.8 m12.6 m

Current Assets

134.7 m130.8 m121.9 m

PP&E

8.9 m9.2 m9 m

Goodwill

513 k513 k513 k

Total Assets

144.3 m140.9 m136.5 m

Accounts Payable

10.2 m15.1 m10.8 m

Current Liabilities

53.8 m54.9 m71.8 m

Retained Earnings

(150.9 m)(197.1 m)(227.3 m)

Total Equity

34.2 m28.7 m

Financial Leverage

4.1 x4.8 x
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)

Accounts Payable

1.3 m5.2 m(4.5 m)

Cash From Operating Activities

63 m(52.3 m)(14.6 m)

Purchases of PP&E

(2.4 m)(2.3 m)(2.2 m)

Cash From Investing Activities

(6.7 m)(50.9 m)276 k

Long-term Borrowings

10 m

Cash From Financing Activities

78.5 m3.6 m2.9 m

Interest Paid

1.4 m984 k484 k

Income Taxes Paid

420 k519 k666 k
Y, 2016

Financial Leverage

4.8 x

Aerohive Networks Market Value History

Aerohive Networks Median Salaries

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

Aerohive Networks Online and Social Media Presence

Aerohive Networks Company Life and Culture

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