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NASDAQ:WIFI - Boingo Wireless Stock Price, Forecast & News

$10.61
+0.69 (+6.96 %)
(As of 04/1/2020 04:42 AM ET)
Today's Range
$9.82
Now: $10.61
$10.77
50-Day Range
$6.70
MA: $11.71
$14.90
52-Week Range
$6.66
Now: $10.61
$25.98
Volume961,375 shs
Average Volume933,243 shs
Market Capitalization$469.81 million
P/E RatioN/A
Dividend YieldN/A
Beta0.94
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.
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Boingo Wireless logo

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$263.79 million
Cash Flow$1.79 per share
Book Value$2.12 per share

Profitability

Net Income$-10,300,000.00

Miscellaneous

Employees460
Market Cap$469.81 million
Next Earnings Date5/13/2020 (Estimated)
OptionableOptionable

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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 COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, WIFI shares have increased by 1.0% and is now trading at $10.61. View which stocks have been mosted 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 7 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 Wednesday, May 13th 2020. View our earnings forecast for Boingo Wireless.

How were Boingo Wireless' earnings last quarter?

Boingo Wireless Inc (NASDAQ:WIFI) issued its quarterly earnings results on Monday, March, 2nd. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.11) by $0.01. The technology company earned $64.06 million during the quarter, compared to analyst estimates of $69.74 million. Boingo Wireless had a negative return on equity of 10.85% and a negative net margin of 3.90%. The business's quarterly revenue was down 5.5% on a year-over-year basis. During the same period last year, the firm earned ($0.01) earnings per share. View Boingo Wireless' earnings history.

What price target have analysts set for WIFI?

7 brokers have issued 12-month target prices for Boingo Wireless' shares. Their forecasts range from $18.00 to $30.00. On average, they expect Boingo Wireless' share price to reach $22.10 in the next year. This suggests a possible upside of 108.3% 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?

Press coverage about WIFI stock has been trending very negative this week, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news 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 positive five, with scores nearest to five being the most favorable. Boingo Wireless earned a news impact score of -3.0 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future. View the latest news aboutBoingo Wireless.

Are investors shorting Boingo Wireless?

Boingo Wireless saw a increase in short interest in March. As of March 13th, there was short interest totaling 4,307,500 shares, an increase of 5.1% from the February 27th total of 4,100,000 shares. Based on an average daily volume of 1,564,200 shares, the days-to-cover ratio is presently 2.8 days. Approximately 10.2% 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), Advanced Micro Devices (AMD), Alibaba Group (BABA), JD.Com (JD), Micron Technology (MU), Gilead Sciences (GILD), Applied Materials (AMAT), salesforce.com (CRM), Paypal (PYPL) and Enterprise Products Partners (EPD).

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."

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 $10.61.

How big of a company is Boingo Wireless?

Boingo Wireless has a market capitalization of $469.81 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. 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:  2.9 out of 5 (star star)
Outperform Votes:  464 (Vote Outperform)
Underperform Votes:  348 (Vote Underperform)
Total Votes:  812
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 4/1/2020 by MarketBeat.com Staff

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