Aerohive's sales are on the rise, with the company's filing claiming average annual growth of 114 percent since 2010. In the first nine months of 2013, its revenue totaled $77 million, up from $50 million in the same part of 2012.
However, the company also warned it has a history of increasing losses. In the first nine months of 2013, Aerohive lost $25 million, up from $15.8 million a year earlier.
Nevertheless, with a strong management team and a focus on the higher layers of networking rather than sheer hardware, the company has good prospects, the analysts said.