Bragar Eagel & Squire, P.C. is investigating potential claims against Aerohive Networks, Inc. (NYSE:HIVE). Our investigation concerns whether Aerohive has violated the federal securities laws and/or engaged in other unlawful business practices.

On January 16, 2018, Aerohive announced that it was revising its guidance downward, and that it expects net revenue for the fourth quarter to be approximately $37 million, which is below the Company’s previously stated guidance of $40 million to $42 million. According to David Flynn, Aerohive’s CEO, the Company also “uncovered underlying sales execution issues which became fully apparent in the last month of the fourth quarter.”

Following this news, the stock price of Aerohive fell $1.63 per share, or over 28%, to close at $4.07 on January 17, 2018.

If you purchased or otherwise acquired Aerohive shares and suffered a loss, continue to hold shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Aerohive Networks, Inc., please go to http://www.bespc.com/aerohive. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.