Aerohive Networks, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Second Quarter of 2017
For the second quarter, the company currently anticipating revenues in the range of $42 million to $43.5 million. On a non-GAAP basis, the company expects gross margins to be in the range of 66.5% to 67.5%, driven by the impact of new Connect product offering, partially offset by improved margins from software and subscription business. On a non-GAAP basis, the company expects operating margins to be between breakeven and positive 1.5%. The company expects non-GAAP EPS in to be between breakeven in earnings of $0.01 per share. Given this, the estimated of share count for EPS purposes will be 54.3 million shares. On a GAAP basis, the company expects loss to be between $0.08 and $0.09 per share using a share count of 53.2 million shares outstanding.