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Aerohive Networks: 4Q Earnings Snapshot

MILPITAS, Calif. (AP) _ Aerohive Networks Inc. (HIVE) on Wednesday reported a loss of $5.8 million in its fourth quarter.

The Milpitas, California-based company said it had a loss of 10 cents per share. Earnings, adjusted for stock option expense and restructuring costs, came to 1 cent per share.

The developer of a cloud-managed mobile networking platform posted revenue of $38.1 million in the period.

For the year, the company reported that its loss narrowed to $18.3 million, or 33 cents per share. Revenue was reported as $154.9 million.

In the final minutes of trading on Wednesday, the company's shares hit $3.90. A year ago, they were trading at $3.96.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HIVE at https://www.zacks.com/ap/HIVE