Aerohive Networks (HIVE) stock began trading Friday.
The company priced its initial public offering of 7.5 million shares at $10 per share, and it dropped 9% in the first day of trading but rebounded to close at $10. In its pre-IPO filing with the Securities and Exchange Commission, the company said its controller-less, cloud-based Wi-Fi offering had about 11,500 end customers at the end of September 2013.
According to the company’s pre-IPO SEC filing, it had about 11,500 end-customers worldwide at the end of September 2013.
—ABI Research reported several new tidbits on the small cell market. The company’s latest research predicts that growth in enterprise femtocells will outpace consumer/residential femtos and account for 97% of the $4.3 billion femtocell market by 2019.
“The femtocell business model becomes clear for small and medium enterprises. The cost of a distributed antenna system cannot be justified for these firms, but yet there is an increasing demand for voice services,” said Ahmed Ali, research analyst at ABI.
The research firm also took a look at the outdoor small cell market, predicting a “healthy 2014 growth” of 33% year-over-year, to $1.8 billion. That growth is being driven by operators including AT&T, Verizon, Vodafone, Telefonica, Softbank, SK Telecom and Sprint, ABI noted.
“As mobile network operators implement small cell outdoor networks, several success factors emerge as critical for a successful deployment,” said Nick Marshall, ABI Research principal analyst. “We see multiple solutions for backhaul, power, permitting and siting employed by the operator community throughout the rest of 2014 and which will increase small cell momentum in 2015.”
—Aruba Networks has a new installation at Fort Hays State University in Kansas, which it claims is the first all-802.11ac infrastructure deployed by a higher-education institution.
—Ruckus Wireless is providing 802.11ac Wi-Fi connectivity for attendees at the Interop 2014 conference this week in Las Vegas. Its InteropNet network to support an expected 12,000 attendees includes more than 75 of its new ZoneFlex R700 indoor access points, and is managed by a ZoneDirector 3000 series controller. Ruckus is also demonstrating its new cloud-based positioning solution, SPoT, at the show.
