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 $10.65 -0.11 (-1.02 %) (As of 04/7/2020 02:59 PM ET) Add Compare Share Today's Range$10.55Now: $10.65▼$11.1950-Day Range$6.70MA: $11.36▼$14.9052-Week Range$6.66Now: $10.65▼$25.98Volume348,643 shsAverage Volume1.07 million shsMarket Capitalization$471.58 millionP/E RatioN/ADividend YieldN/ABeta1.03 ProfileAnalyst RatingsAdvanced ChartEarningsFinancialsInsider 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™ 4.5 Analyst's Opinion Consensus RatingBoingo Wireless has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 7 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $22.10, Boingo Wireless has a potential upside of 107.5% from its current price of $10.65.Amount of Analyst CoverageBoingo Wireless has been the subject of 6 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 465 “outperform” votes. (Add your “outperform” vote.)Underperform VotesBoingo Wireless has received 348 “underperform” votes. (Add your “underperform” vote.)Community SentimentBoingo Wireless has received 57.20% “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 Institutions95.67% 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 0.0 Earnings and Valuation Earnings GrowthEarnings for Boingo Wireless are expected to decrease by -75.00% in the coming year, from ($0.16) to ($0.04) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Boingo Wireless is -44.38, 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 -44.38, 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 5.02. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.5Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.68 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 Webhttp://www.boingo.com/ Phone310-586-5180Debt Debt-to-Equity Ratio1.93 Current Ratio0.77 Quick Ratio0.77Price-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 / Sales1.79 Cash Flow$1.73 per share Price / Cash Flow6.15 Book Value$2.12 per share Price / Book5.02Profitability EPS (Most Recent Fiscal Year)($0.23) Net Income$-10,300,000.00 Net Margins-3.90% Return on Equity-10.85% Return on Assets-1.72%Miscellaneous Employees460 Outstanding Shares44,280,000Market Cap$471.58 million Next Earnings Date5/13/2020 (Estimated) OptionableOptionable 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. NASDAQ:WIFI Rates by TradingView 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 (COVID-19) reached pandemic status according to the World Health Organization. Since then, WIFI stock has increased by 1.3% and is now trading at $10.65. 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) released its earnings results on Monday, March, 2nd. The technology company reported ($0.12) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.11) by $0.01. The technology company had revenue of $64.06 million for 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 firm's quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.01) earnings per share. View Boingo Wireless' earnings history. What price target have analysts set for WIFI? 7 analysts have issued 12 month price targets for Boingo Wireless' shares. Their forecasts range from $18.00 to $30.00. On average, they expect Boingo Wireless' stock price to reach $22.10 in the next twelve months. This suggests a possible upside of 107.5% 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? News articles about WIFI stock have been trending very negative on Tuesday, InfoTrie reports. The research group rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Boingo Wireless earned a coverage optimism score of -3.3 on InfoTrie's scale. They also assigned media headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company'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 trading volume, of 1,564,200 shares, the short-interest ratio is currently 2.8 days. Currently, 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? Some companies that are related to Boingo Wireless include CROWN CASTLE IN/SH SH (CCI), Sprint (S), SBA Communications (SBAC), Shenandoah Telecommunications (SHEN), United States Cellular (USM), Telephone & Data Systems (TDS), BlackBerry (BB) and Spok (SPOK). 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 $10.65. How big of a company is Boingo Wireless? Boingo Wireless has a market capitalization of $471.58 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] This page was last updated on 4/7/2020 by MarketBeat.com StaffFeatured Article: Why is the price target of stocks important?
