[March 26, 2015]

Federman & Sherwood Investigates Aerohive Networks, Inc. for Possible Violations of Federal Securities Laws

The law firm of Federman & Sherwood has initiated an investigation into Aerohive (News - Alert) Networks, Inc. (NYSE: HIVE) with respect to possible violations of federal securities laws.

Aerohive Networks, Inc. designs and develops cloud-managed mobile networking platforms, providing wireless networking to businesses. Aerohive's cloud services platform delivers cloud-based network management and mobility applications to its end-customers.

On March 28, 2014, Aerohive conducted its Initial Public Offering ("IPO") of its securities. Since the IPO date, the Company stock has declined from its high of $12.23 on April 2, 2014 t close at $4.62 on March 3, 2015. On October 13, 2014 the Company issued guidance for the third quarter of 2014. The Company announced that it was expecting a loss for the quarter in a range of $.16 to $.18 per share, an increase from the previous guidance of $.14 to $.16 per share loss. Revenue guidance was lowered to a range of $34.5 million to $35.5 million, down from $38 million to $40 million. On this news, the shares of Aerohive dropped more than 32%.

Federman & Sherwood are investigating whether the Company made false and misleading statements regarding the Company's business and prospects. If you purchased Aerohive Networks (News - Alert), Inc. securities that can be traced to the Company's IPO offering on March 28, 2014, and have information to assist in our investigation; or, have any questions or concerns regarding this notice or preservation of your rights, please contact our office. Federman & Sherwood has extensive nationwide experience in representing investors in securities, derivative and merger-related shareholder class actions, and has been appointed as lead counsel in multiple complex cases.

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