NEW YORK--(BUSINESS WIRE)--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.