NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong notifies investors of an investigation concerning whether Aerohive Networks, Inc. (“Aerohive Networks” or the “Company”) (NYSE: HIVE) violated federal securities laws.
Click here to learn about the case: http://docs.wongesq.com/HIVE-Info-Request-Form-1789. There is no cost or obligation to you.
During a conference call on November 1, 2017, 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 learn more about the investigation of Aerohive contact Vincent Wong, Esq. either via email firstname.lastname@example.org, by telephone at 212.425.1140, or visit http://docs.wongesq.com/HIVE-Info-Request-Form-1789.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.