Cases
Aerohive Networks, Inc. (HIVE)
Securities Class Action
Overview
Overview
- Date:
- 1/19/2018
- Company Name:
- Aerohive Networks, Inc.
- Stock Symbol:
- HIVE
- Status:
- Closed/Complete
NEW YORK, January 19, 2018 – Bragar Eagel & Squire, P.C. is investigating potential claims against Aerohive Networks, Inc. (NYSE: HIVE). Our investigation concerns potential breach of fiduciary duty and securities claims.
On January 16, 2018, Aerohive announced that it was revising its guidance downward, and that it expects net revenue for the fourth quarter to be approximately $37 million, which is below the Company’s previously stated guidance of $40 million to $42 million. According to David Flynn, Aerohive’s CEO, the Company also “uncovered underlying sales execution issues which became fully apparent in the last month of the fourth quarter.”
Following this news, the stock price of Aerohive fell $1.63 per share, or over 28%, to close at $4.07 on January 17, 2018.
If you purchased or otherwise acquired Aerohive shares and suffered a loss, continue to hold shares, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On January 16, 2018, Aerohive announced that it was revising its guidance downward, and that it expects net revenue for the fourth quarter to be approximately $37 million, which is below the Company’s previously stated guidance of $40 million to $42 million. According to David Flynn, Aerohive’s CEO, the Company also “uncovered underlying sales execution issues which became fully apparent in the last month of the fourth quarter.”
Following this news, the stock price of Aerohive fell $1.63 per share, or over 28%, to close at $4.07 on January 17, 2018.
If you purchased or otherwise acquired Aerohive shares and suffered a loss, continue to hold shares, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.