HIVE Aerohive Networks

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Commencement of an Investigation Involving Possible Securities Fraud Violations by the Board of Directors of Aerohive Networks, Inc.

NEW YORK--(BUSINESS WIRE)--

Levi & Korsinsky announces it has commenced an investigation of Aerohive Networks, Inc. (NYSE: HIVE) concerning possible violations of federal securities laws.

During a November 1, 2017 conference call, Aerohive CFO John Ritchie stated that the Company was expecting fourth quarter revenue between $40 and $42 million. Then on January 16, 2018, Aerohive reduced its guidance to approximately $37 million, attributing the reduction to “underlying sales execution issues” discovered at the end of the third quarter. Upon this news, shares of Aerohive fell from a close of $5.70 per share on January 16, 2018, to a close of $4.07 per share on January 17, 2018. To obtain additional information, go to:

http://www.zlkdocs.com/HIVE-Info-Request-Form-3037

or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

EN
19/01/2018

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