NASDAQ:WIFIBoingo Wireless Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Boingo Wireless Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $14.84 -0.04 (-0.27 %) (As of 05/27/2020 04:00 PM ET) Add Compare Share Today's Range$14.44Now: $14.84▼$15.1150-Day Range$10.25MA: $12.83▼$14.4952-Week Range$6.66Now: $14.84▼$20.96Volume306,163 shsAverage Volume815,293 shsMarket Capitalization$657.80 millionP/E RatioN/ADividend YieldN/ABeta1.23 ProfileAnalyst RatingsAdvanced ChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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. It serves largest carriers, telecommunications service providers, global consumer brands, and property owners, as well as troops stationed at military bases and Internet savvy consumers. The company was formerly known as Project Mammoth, Inc. and changed its name to Boingo Wireless, Inc. in October 2001. Boingo Wireless, Inc. was founded in 2001 and is headquartered in Los Angeles, California.Read More Beat the Market (BTM) Rank™ 4.4 Analyst's Opinion Consensus RatingBoingo Wireless has received a consensus rating of Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $19.13, Boingo Wireless has a potential upside of 28.9% from its current price of $14.84.Amount of Analyst CoverageBoingo Wireless has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.9 Community Rank Outperform VotesBoingo Wireless has received 468 “outperform” votes. (Add your “outperform” vote.)Underperform VotesBoingo Wireless has received 351 “underperform” votes. (Add your “underperform” vote.)Community SentimentBoingo Wireless has received 57.14% “outperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldBoingo Wireless does not currently pay a dividend.Dividend GrowthBoingo Wireless does not have a long track record of dividend growth. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Boingo Wireless insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 4.50% of the stock of Boingo Wireless is held by insiders.Percentage Held by Institutions92.40% of the stock of Boingo Wireless is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Boingo Wireless are expected to grow in the coming year, from ($0.32) to ($0.19) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Boingo Wireless is -67.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Boingo Wireless is -67.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioBoingo Wireless has a P/B Ratio of 7.38. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.4Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.79 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Communication services, not elsewhere classified Sub-IndustryWireless Telecommunication Services SectorComputer and Technology Current SymbolNASDAQ:WIFI Previous Symbol CUSIP09739C10 CIK1169988 Webwww.boingo.com Phone310-586-5180Debt Debt-to-Equity Ratio3.17 Current Ratio1.39 Quick Ratio1.39Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$263.79 million Price / Sales2.49 Cash Flow$1.76 per share Price / Cash Flow8.41 Book Value$2.01 per share Price / Book7.38Profitability EPS (Most Recent Fiscal Year)($0.23) Net Income$-10,300,000.00 Net Margins-3.80% Return on Equity-10.45% Return on Assets-1.55%Miscellaneous Employees460 Outstanding Shares44,326,000Market Cap$657.80 million Next Earnings Date8/6/2020 (Estimated) OptionableOptionable NASDAQ:WIFI Rates by TradingView Receive WIFI News and Ratings via Email Sign-up to receive the latest news and ratings for WIFI and its competitors with MarketBeat's FREE daily newsletter. Boingo Wireless (NASDAQ:WIFI) Frequently Asked Questions How has Boingo Wireless' stock been impacted by COVID-19 (Coronavirus)? Boingo Wireless' stock was trading at $10.51 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, WIFI stock has increased by 41.2% and is now trading at $14.84. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Boingo Wireless? 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Boingo Wireless in the last year. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Boingo Wireless. When is Boingo Wireless' next earnings date? Boingo Wireless is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Boingo Wireless. How were Boingo Wireless' earnings last quarter? Boingo Wireless Inc (NASDAQ:WIFI) posted its earnings results on Tuesday, May, 5th. The technology company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.07) by $0.03. The technology company earned $59.89 million during the quarter, compared to analysts' expectations of $63.71 million. Boingo Wireless had a negative return on equity of 10.45% and a negative net margin of 3.80%. View Boingo Wireless' earnings history. What price target have analysts set for WIFI? 7 brokers have issued 1 year target prices for Boingo Wireless' shares. Their forecasts range from $18.00 to $20.50. On average, they expect Boingo Wireless' share price to reach $19.13 in the next twelve months. This suggests a possible upside of 28.9% from the stock's current price. View analysts' price targets 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. " (3/6/2020) 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 headlines about WIFI stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Boingo Wireless earned a media sentiment score of 1.8 on InfoTrie's scale. They also assigned media coverage about the technology company a news buzz of 9.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news aboutBoingo Wireless. Are investors shorting Boingo Wireless? Boingo Wireless saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 3,370,000 shares, a drop of 5.6% from the April 30th total of 3,570,000 shares. Based on an average trading volume of 954,600 shares, the short-interest ratio is presently 3.5 days. Approximately 7.9% of the company's stock are short sold. View Boingo Wireless' Current Options Chain. Who are some of Boingo Wireless' key competitors? Some companies that are related to Boingo Wireless include CROWN CASTLE IN/SH SH (CCI), Sprint (S), SBA Communications (SBAC), United States Cellular (USM), Shenandoah Telecommunications (SHEN), BlackBerry (BB), Telephone & Data Systems (TDS) and Spok (SPOK). View all 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 Alibaba Group (BABA), NVIDIA (NVDA), Advanced Micro Devices (AMD), JD.Com (JD), Applied Materials (AMAT), Gilead Sciences (GILD), Micron Technology (MU), salesforce.com (CRM), Walt Disney (DIS) and Bank of America (BAC). Who are Boingo Wireless' key executives? Boingo Wireless' management team includes the following 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) What is Boingo Wireless' stock symbol? Boingo Wireless trades on the NASDAQ under the ticker symbol "WIFI." Who are Boingo Wireless' major shareholders? Boingo Wireless' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.00%), Handelsbanken Fonder AB (6.69%), Victory Capital Management Inc. (6.06%), Victory Capital Management Inc. (6.06%), Rice Hall James & Associates LLC (3.50%) and Legion Partners Asset Management LLC (2.77%). Company insiders that own Boingo Wireless stock include David Hagan, Dawn Callahan, Derek Peterson, Michael Finley, Peter Hovenier 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 BlackRock Inc., Handelsbanken Fonder AB, Two Sigma Investments LP, Victory Capital Management Inc., Victory Capital Management Inc., Bogle Investment Management L P DE, Parametric Portfolio Associates LLC, and Two Sigma Advisers LP. 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 activity for Boingo Wireless. Which institutional investors are buying Boingo Wireless stock? WIFI stock was purchased by a variety of institutional investors in the last quarter, including Legion Partners Asset Management LLC, New York State Common Retirement Fund, Nuveen Asset Management LLC, Silvercrest Asset Management Group LLC, Portolan Capital Management LLC, Monarch Partners Asset Management LLC, Balyasny Asset Management LLC, and FDx Advisors Inc.. View insider buying and selling activity 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 $14.84. How big of a company is Boingo Wireless? Boingo Wireless has a market capitalization of $657.80 million and generates $263.79 million in revenue each year. The technology company earns $-10,300,000.00 in net income (profit) each year or ($0.23) on an earnings per share basis. Boingo Wireless employs 460 workers across the globe. What is Boingo Wireless' official website? The official website for Boingo Wireless is 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] This page was last updated on 5/27/2020 by MarketBeat.com Staff
