The Klein Law Firm Notifies Investors of an Investigation Concerning Possible Violations of Federal Securities Laws by Aerohive Networks, Inc.

NEW YORK--()--The Klein Law Firm announces the commencement of an investigation of Aerohive Networks, Inc. (NYSE: HIVE) concerning possible violations of federal securities laws. 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.

If you suffered a loss in Aerohive and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kkclasslaw.com/HIVE-Info-Request-Form-250.

Joseph Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

The Klein Law Firm
Joseph Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

Release Summary

The Klein Law Firm announces the commencement of an investigation of Aerohive Networks, Inc.

Contacts

The Klein Law Firm
Joseph Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com