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Boingo Wireless Stock Price, Forecast & Analysis (NASDAQ:WIFI)

$12.20
+0.08 (+0.66 %)
(As of 11/16/2019 08:00 AM ET)
Today's Range
$12.08
Now: $12.20
$12.39
50-Day Range
$9.04
MA: $10.32
$13.00
52-Week Range
$8.85
Now: $12.20
$26.67
Volume419,800 shs
Average Volume843,268 shs
Market Capitalization$538.75 million
P/E RatioN/A
Dividend YieldN/A
Beta0.99
Boingo Wireless, Inc, together with its subsidiaries, provides wireless connectivity solutions for smartphones, tablets, laptops, wearables, and other wireless-enabled consumer devices worldwide. The company offers distributed antenna systems and small cell networks at managed and operated locations; high-speed Wi-Fi services for residential consumers on military bases and at multifamily properties; and wholesale Wi-Fi services to network operators, device manufacturers, technology companies, enterprise software and services companies, venue operators, and financial services companies, as well as retail Internet access services. Read More…

Industry, Sector and Symbol

Industry Communication services, not elsewhere classified
Sub-IndustryWireless Telecommunication Services
SectorComputer and Technology
Current SymbolNASDAQ:WIFI
CUSIP09739C10
Phone310-586-5180

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$250.82 million
Cash Flow$1.98 per share
Book Value$2.18 per share

Profitability

Net Income$-1,220,000.00

Miscellaneous

Employees460
Market Cap$538.75 million
Next Earnings Date2/26/2020 (Estimated)
OptionableOptionable

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Boingo Wireless (NASDAQ:WIFI) Frequently Asked Questions

What is Boingo Wireless' stock symbol?

Boingo Wireless trades on the NASDAQ under the ticker symbol "WIFI."

How were Boingo Wireless' earnings last quarter?

Boingo Wireless Inc (NASDAQ:WIFI) posted its quarterly earnings results on Thursday, November, 1st. The technology company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.09. The technology company earned $65.25 million during the quarter, compared to analyst estimates of $63.32 million. Boingo Wireless had a negative net margin of 1.76% and a negative return on equity of 4.52%. The company's quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.09) EPS. View Boingo Wireless' Earnings History.

When is Boingo Wireless' next earnings date?

Boingo Wireless is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for Boingo Wireless.

What guidance has Boingo Wireless issued on next quarter's earnings?

Boingo Wireless updated its FY19 earnings guidance on Tuesday, November, 5th. The company provided EPS guidance of $(0.32-0.23) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.26). The company issued revenue guidance of $267-273 million, compared to the consensus revenue estimate of $269.87 million.

What price target have analysts set for WIFI?

6 brokerages have issued 1-year price targets for Boingo Wireless' stock. Their forecasts range from $18.00 to $30.00. On average, they expect Boingo Wireless' stock price to reach $24.75 in the next year. This suggests a possible upside of 102.9% from the stock's current price. View Analyst Price Targets for Boingo Wireless.

What is the consensus analysts' recommendation for Boingo Wireless?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Boingo Wireless in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Boingo Wireless.

What are Wall Street analysts saying about Boingo Wireless stock?

Here are some recent quotes from research analysts about Boingo Wireless stock:
  • 1. According to Zacks Investment Research, "Boingo Wireless, Inc. is a Wi-Fi software and services provider. Boingo users can access the mobile Internet via Boingo Network locations that include the airports, hotel chains, cafés and coffee shops, restaurants, convention centers and metropolitan hot zones. The company provides its solutions to individual users and partners consisting of telecom operators, network operators, cable companies, technology companies, enterprise software and services companies, and communications companies. Boingo Wireless, Inc. is headquartered in Los Angeles, California. " (11/16/2019)
  • 2. Northland Securities analysts commented, "We believe WIFI’s maintained guidance for 2019, substantial DAS backlog, increasing carrier offload usage and solid growth opportunities within the Multi-Family segment will continue to benefit the company going forward. We therefore maintain our OP rating and $30 price target. Key Points WIFI reported Q2:19 revenue and adjusted EBITDA of $68.6M and $21.9M, ahead of our $68.2M and $21.4M estimates, and in-line with guidance of $66-71M and $20-24M, respectively. Overall revenue growth of ~15% YoY was driven by growth in DAS (+26% YoY) revenues. The DAS segment benefited from access fee revenue growth of ~81% YoY, as well as a ~29% increase in DAS nodes deployed (~31.1K nodes are now deployed, with ~24.2K nodes in backlog)." (8/2/2019)

Has Boingo Wireless been receiving favorable news coverage?

Media stories about WIFI stock have been trending very positive recently, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Boingo Wireless earned a media sentiment score of 3.3 on InfoTrie's scale. They also assigned news stories about the technology company a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Boingo Wireless.

Are investors shorting Boingo Wireless?

Boingo Wireless saw a decline in short interest during the month of October. As of October 15th, there was short interest totalling 4,810,000 shares, a decline of 11.9% from the September 15th total of 5,460,000 shares. Based on an average daily trading volume, of 705,200 shares, the days-to-cover ratio is currently 6.8 days. Approximately 11.4% of the shares of the stock are sold short. View Boingo Wireless' Current Options Chain.

Who are some of Boingo Wireless' key competitors?

What other stocks do shareholders of Boingo Wireless own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Boingo Wireless investors own include NVIDIA (NVDA), Alibaba Group (BABA), JD.Com (JD), Advanced Micro Devices (AMD), Applied Materials (AMAT), Micron Technology (MU), Intel (INTC), Chipotle Mexican Grill (CMG), Costco Wholesale (COST) and salesforce.com (CRM).

Who are Boingo Wireless' key executives?

Boingo Wireless' management team includes the folowing people:
  • Mr. Michael J. Finley, CEO & Director (Age 58)
  • Mr. Peter Hovenier, CFO, Treasurer & Sec. (Age 51)
  • Dr. Derek Peterson, Chief Technology Officer (Age 48)
  • Ms. Dawn Callahan, Chief Marketing Officer (Age 49)
  • Mr. Tom Tracey, Sr. VP of Commercial Operations (Age 56)

Who are Boingo Wireless' major shareholders?

Boingo Wireless' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Handelsbanken Fonder AB (5.67%), Rice Hall James & Associates LLC (3.81%), Pembroke Management LTD (2.15%), Stephens Investment Management Group LLC (2.11%), Emerald Advisers LLC (1.28%) and KAMES CAPITAL plc (1.26%). Company insiders that own Boingo Wireless stock include David Hagan, Dawn Callahan, Derek Peterson, Michael Finley, Peter Hovenier, Terrell B Jones and Tom Tracey. View Institutional Ownership Trends for Boingo Wireless.

Which institutional investors are selling Boingo Wireless stock?

WIFI stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., State of New Jersey Common Pension Fund D, Assenagon Asset Management S.A., Emerald Mutual Fund Advisers Trust, KAMES CAPITAL plc, Emerald Advisers LLC, Pembroke Management LTD and Envestnet Asset Management Inc.. Company insiders that have sold Boingo Wireless company stock in the last year include David Hagan, Derek Peterson and Peter Hovenier. View Insider Buying and Selling for Boingo Wireless.

Which institutional investors are buying Boingo Wireless stock?

WIFI stock was acquired by a variety of institutional investors in the last quarter, including Handelsbanken Fonder AB, Rice Hall James & Associates LLC, Handelsinvest Investeringsforvaltning, Stephens Investment Management Group LLC, SG Americas Securities LLC, Trellus Management Company LLC, California Public Employees Retirement System and Oppenheimer & Co. Inc.. View Insider Buying and Selling for Boingo Wireless.

How do I buy shares of Boingo Wireless?

Shares of WIFI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Boingo Wireless' stock price today?

One share of WIFI stock can currently be purchased for approximately $12.20.

How big of a company is Boingo Wireless?

Boingo Wireless has a market capitalization of $538.75 million and generates $250.82 million in revenue each year. The technology company earns $-1,220,000.00 in net income (profit) each year or ($0.03) on an earnings per share basis. Boingo Wireless employs 460 workers across the globe.View Additional Information About Boingo Wireless.

What is Boingo Wireless' official website?

The official website for Boingo Wireless is http://www.boingo.com/.

How can I contact Boingo Wireless?

Boingo Wireless' mailing address is 10960 WILSHIRE BLVD. 23RD FLOOR, LOS ANGELES CA, 90024. The technology company can be reached via phone at 310-586-5180 or via email at [email protected]


MarketBeat Community Rating for Boingo Wireless (NASDAQ WIFI)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  419 (Vote Outperform)
Underperform Votes:  324 (Vote Underperform)
Total Votes:  743
MarketBeat's community ratings are surveys of what our community members think about Boingo Wireless and other stocks. Vote "Outperform" if you believe WIFI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WIFI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/17/2019 by MarketBeat.com Staff

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