Boingo Wireless Company Profile (NASDAQ:WIFI)

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

Boingo Wireless Inc (NASDAQ:WIFI) announced its earnings results on Thursday, May, 4th. The company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.03. The business had revenue of $44.30 million for the quarter, compared to the consensus estimate of $41.25 million. Boingo Wireless had a negative return on equity of 25.35% and a negative net margin of 17.38%. The company's revenue was up 28.4% on a year-over-year basis. During the same period last year, the business posted ($0.27) EPS. View Boingo Wireless' Earnings History.

Boingo Wireless is scheduled to release their next quarterly earnings announcement on Wednesday, August, 2nd 2017. View Earnings Estimates for Boingo Wireless.

Boingo Wireless issued an update on its FY17 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of (0.74)-($0.64) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.60). The company issued revenue guidance of $180-$188 million, compared to the consensus revenue estimate of $185.20 million.Boingo Wireless also updated its Q2 guidance to ($0.22)-($0.14) EPS.

8 equities research analysts have issued 12-month price targets for Boingo Wireless' shares. Their predictions range from $6.85 to $18.50. On average, they expect Boingo Wireless' share price to reach $15.04 in the next year. View Analyst Ratings for Boingo Wireless.

Here are some recent quotes from research analysts about Boingo Wireless stock:

• 1. Jefferies Group LLC analysts commented, "Though results were somewhat soft, the outlook was better than expected, and could prove conservative in areas. We believe momentum has picked up in recent quarters and see several catalysts ahead, including an expanded Military presence, ramping offloading activity, a nascent small cell opportunity, and a broadening of verticals served by DAS. Given stronger revenue and profitability, we raise our price target to $14. Soft 4Q vs. Expectations. Revenue of $45.0mn was 2.3%/1.8% below our/Street estimates, as weaker Military, Advertising and Wholesale, offset stronger DAS and Retail performance. Nevertheless, revenue grew 16% y/y, a sharp acceleration from 3Q levels. Adj. EBITDA of $14.3mn was below our $14.7mn but more in line with the Street's $14.4mn; margins of 31.8% improved ~350bps over the prior year. Attractive Revenue Growth Outlook... The company guided to 2017 revenue of $180- $188mn, with our prior forecast at the low end of the range. The midpoint implies modest acceleration from 2016 levels, with DAS and Military again driving attractive growth, and Wholesale growth expected to accelerate to the mid-teens, or higher." (3/8/2017)
• 2. 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. " (1/7/2017)

Boingo Wireless saw a decline in short interest during the month of April. As of April 28th, there was short interest totalling 1,015,938 shares, a decline of 24.9% from the April 13th total of 1,353,631 shares. Based on an average daily trading volume, of 315,137 shares, the days-to-cover ratio is presently 3.2 days. Approximately 2.8% of the shares of the stock are short sold.

Some companies that are related to Boingo Wireless include Gogo (GOGO), Iridium Communications (IRDM), ORBCOMM (ORBC), Premiere Global Services (PGI), Lumos Networks Corp (LMOS), Intelsat SA (I), Hawaiian Telcom HoldCo (HCOM), Ooma (OOMA), Inseego Corp (INSG), Towerstream (TWER), Oi SA (OIBR) and Xura (MESG).

Boingo Wireless' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Legion Partners Asset Management LLC (5.44%), Gilder Gagnon Howe & Co. LLC (5.21%), Columbia Wanger Asset Management LLC (5.20%), PARK WEST ASSET MANAGEMENT LLC (5.10%), Renaissance Technologies LLC (4.98%) and Dimensional Fund Advisors LP (4.64%). Company insiders that own Boingo Wireless stock include David Hagan, Dawn Callahan, Derek Peterson, Peter Hovenier and Tom Tracey. View Institutional Ownership Trends for Boingo Wireless.

Boingo Wireless' stock was sold by a variety of institutional investors in the last quarter, including Northpointe Capital LLC, Park West Asset Management LLC, Royce & Associates LP, Columbia Wanger Asset Management LLC, Skylands Capital LLC, Cowen Prime Services LLC, Pembroke Management LTD and Next Century Growth Investors LLC. Company insiders that have sold Boingo Wireless stock in the last year include David Hagan, Dawn Callahan, Derek Peterson, Peter Hovenier and Tom Tracey. View Insider Buying and Selling for Boingo Wireless.

Boingo Wireless' stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Vanguard Group Inc., Russell Investments Group Ltd., Spark Investment Management LLC, Dimensional Fund Advisors LP, TIAA CREF Investment Management LLC, Airain ltd and Hood River Capital Management LLC. View Insider Buying and Selling for Boingo Wireless.

Shares of Boingo Wireless can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Boingo Wireless stock can currently be purchased for approximately $15.70.