Market Overview

Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of Aerohive Networks, Inc. Investors (HIVE)


Prongay & Murray LLP
("GPM") announces that a class action
lawsuit has been filed on behalf of investors that purchased or
otherwise acquired securities of Aerohive Networks, Inc. ("Aerohive" or
the "Company") (NYSE: HIVE)
securities between November 1, 2017 and January 16, 2018, , inclusive
(the "Class Period"). Aerohive investors have until March 20,
to file a lead plaintiff motion.

To obtain information or actively participate in the class action,
please visit the Aerohive page on our website at
Investors that suffered losses on their Aerohive investments are
encouraged to contact Lesley Portnoy of GPM to discuss their legal
rights in this class action at 310-201-9150 or by email to

On November 1, 2017, Aerohive's CFO, John Ritchie, stated that the
Company was expecting Q4 revenue in the range of $40 million to $42
million, and that Aerohive realized "significant sales efficiency" with
non-GAAP sales and marketing costs.

Then, on January 16, 2018, Aerohive announced that it expected net
revenue of only $37 million for Q4 due to "underlying sales execution
issues." On this news, Aerohive's share price fell $1.63 per share or
more than 29%, to close at $4.07 on January 17, 2018, thereby injuring

The complaint filed in this class action alleges that throughout the
Class Period defendants made false and/or misleading statements and/or
failed to disclose that: (1) there were underlying sales execution
issues that were uncovered at the end of the third quarter of 2017; (2)
consequently, Aerohive's revenue guidance for the fourth quarter of 2017
was overstated; and (3) as a result, defendants' public statements were
materially false and misleading at all relevant times.

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If you purchased shares of Aerohive during the Class Period you may move
the Court no later than March 20, 2018 to ask the Court to
appoint you as lead plaintiff. To be a member of the Class you need not
take any action at this time; you may retain counsel of your choice or
take no action and remain an absent member of the Class. If you wish
to learn more about this action, or if you have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century
Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150,
Toll-Free at 888-773-9224, by email to,
or visit our website at
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

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