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    This submission does not create an attorney-client relationship. If we believe that you might be an appropriate lead plaintiff, we will contact you to discuss whether to establish an attorney-client relationship.

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    Levi & Korsinsky announces the filing of a complaint in the USDC for the Northern District of California on behalf of Aerohive Networks, Inc. (NYSE: HIVE) shareholders who purchased shares between November 1, 2017 and January 16, 2018. The action is entitled Panjabi v. Aerohive Networks, Inc. (5:18-cv-00656).

    The complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) there were underlying sales execution issues that were uncovered at the end of the third quarter of 2017; (2) consequently, Aerohive’s revenue guidance for the fourth quarter of 2017 was overstated; and (3) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

    If you suffered a loss in Aerohive you have until March 20, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.