Market Overview

Aerohive® Extends Expiration Date of $20 Million Share Repurchase Program

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Aerohive Networks™ (NYSE:HIVE) today announced that the expiration date
of its existing share repurchase program has been extended to June 30,
2020.

The Company's board of directors previously authorized the purchase of
up to $20 million, extending the existing share repurchase authorization
announced in February 2016. Under this program, the Company may make
share purchases from time to time in compliance with applicable
securities laws in the open market or in privately negotiated
transactions. The timing and amounts of any purchases will be based on
market conditions and other factors, including price, regulatory
requirements and capital availability. The authorization does not
require that the Company purchase any minimum number of shares, and the
Company may suspend, modify or discontinue the program at any time
without prior notice. Unless modified, or earlier suspended or
discontinued, the authorization will expire as of June 30, 2020, without
further action of the Company's board of directors.

About Aerohive Networks

Aerohive (NYSE:HIVE) has a proven history
of innovation
 helping IT radically simplify wireless and wired
access using Cloud Networking. Aerohive's Public Cloud, Private Cloud,
or Portable Cloud Architecture is based on the latest Cloud technology
and offers unrivaled customer choice and flexibility in choosing a
deployment option that meets their current and future needs. Aerohive
was founded in 2006 and is headquartered in Milpitas, CA. For more
information, please visit www.aerohive.com,
call us at 408-510-6100, follow us on Twitter @Aerohive,
subscribe to our blog,
or become a fan on our Facebook
page
.

"Aerohive" is a registered trademark and "Aerohive Networks" is a
trademark of Aerohive Networks, Inc. All product and company names used
herein are trademarks or registered trademarks of their respective
owners. All rights reserved.

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