Boingo Wireless Company Profile (NASDAQ:WIFI)

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

Boingo Wireless, Inc. (NASDAQ:WIFI) posted its earnings results on Thursday, May, 4th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.21) by $0.03. The company earned $44.30 million during the quarter, compared to the consensus estimate of $41.25 million. Boingo Wireless had a negative net margin of 14.32% and a negative return on equity of 24.60%. The firm's quarterly revenue was up 28.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.27) earnings per share. View Boingo Wireless' Earnings History.

Boingo Wireless is scheduled to release their next quarterly earnings announcement on Thursday, August, 3rd 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 guidance of (0.74)-($0.64) for the period, compared to the Thomson Reuters consensus 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 brokers have issued 12 month target prices for Boingo Wireless' stock. Their predictions range from $6.85 to $18.50. On average, they anticipate Boingo Wireless' stock 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. 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. " (7/7/2017)
• 2. 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)

Boingo Wireless saw a increase in short interest during the month of July. As of July 14th, there was short interest totalling 1,439,775 shares, an increase of 39.8% from the June 30th total of 1,029,549 shares. Based on an average daily volume of 238,986 shares, the short-interest ratio is presently 6.0 days. Currently, 4.0% of the company's shares are short sold.

Some companies that are related to Boingo Wireless include Web.com Group (WEB), Bottomline Technologies (EPAY), ePlus inc. (PLUS), Talend S.A. (TLND), ADTRAN (ADTN), Benefitfocus (BNFT), NIC (EGOV), ATN International (ATNI), Quotient Technology (QUOT), Iridium Communications (IRDM), Gogo (GOGO), Varonis Systems (VRNS), CEVA (CEVA), Extreme Networks (EXTR), MINDBODY (MB), Virtusa Corporation (VRTU), Universal Electronics (UEIC) and Fitbit (FIT).

Boingo Wireless' management team includes the folowing people:

• David Hagan, Chairman of the Board, Chief Executive Officer
• Peter Hovenier CPA, Chief Financial Officer, Secretary
• Tom Tracey, Senior Vice President - Operations
• Derek Peterson, Chief Technology Officer
• Dawn Callahan, Chief Marketing Officer
• Charles M. Boesenberg, Lead Independent Director
• Maury Austin, Independent Director
• David Cutrer, Independent Director
• Chuck Davis, Independent Director
• Michael Finley, Independent Director

Boingo Wireless' stock is owned by a variety of of institutional and retail investors. Top institutional investors include LEGION PARTNERS ASSET MANAGEMENT, LLC (4.63%), Pembroke Management LTD (3.91%), Russell Investments Group Ltd. (3.18%), Spark Investment Management LLC (0.62%), Skylands Capital LLC (0.39%) and P.A.W. Capital Corp (0.24%). 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 Skylands Capital LLC, Pembroke Management LTD, P.A.W. Capital Corp and Reliance Trust Co. of Delaware. 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 purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Strs Ohio, Aperio Group LLC and CAPROCK Group Inc.. 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 $14.99.