BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors in Aerohive Networks, Inc. (“Aerohive” or the “Company”) (NYSE:HIVE) concerning possible violations of federal securities laws.
Aerohive designs and develops wifi networks, and other mobile networking platforms that enable businesses and organizations to deploy a mobile-centric access point, or “network edge,” at which devices access the enterprise network.
The investigation concerns whether the Company misled investors regarding future revenues and profits, including whether the Company hid from shareholders that its sales capacity was far below guidance provided by the Company. Following the Company’s reporting very poor financial results, the price of Aerohive shares dropped more than 32%, or $2.14 per share, to close at $4.49 per share on October 13, 2014. Investors have been damaged by the Company’s and its officers alleged fraud, and can recover their losses through a shareholder class action.
If you purchased Aerohive 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at http://www.howardsmithlaw.com.
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