Boingo Wireless Inc (WIFI) reported quarterly earnings results on Thursday, May-5-2016. The company reported $-0.27 EPS for the quarter. Analysts had a consensus estimate of $-0.27. The company posted revenue of $34.50 million in the period, compared to analysts expectations of $33.55 million. The company’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.22 EPS.
Many Wall Street Analysts have commented on Boingo Wireless Inc. Shares were Reiterated by Craig Hallum on Feb 26, 2016 to “Buy” and Lowered the Price Target to $ 10 from a previous price target of $14 .
Boingo Wireless Inc opened for trading at $7.63 and hit $7.75 on the upside on Wednesday, eventually ending the session at $7.7, with a gain of 0.79% or 0.06 points. The heightened volatility saw the trading volume jump to 2,28,106 shares. Company has a market cap of $288 M.
In a different news, on Apr 20, 2016, David Hagan (Chief Executive Officer) sold 35,000 shares at $7.63 per share price. According to the SEC, on Apr 13, 2016, Tom Tracey (Senior VP of Operations) sold 3,750 shares at $7.60 per share price. On Sep 16, 2015, Peter Hovenier (Chief Financial Officer) sold 10,000 shares at $7.38 per share price, according to the Form-4 filing with the securities and exchange commission.
Boingo Wireless Inc. is a provider of commercial mobile Wi-Fi Internet solutions and indoor direct-attached storage (DAS) services for carriers. The Company is a service provider of mobile Internet solutions across its managed and operated network and aggregated network for mobile devices such as laptops smartphones tablet computers and other wireless-enabled devices. It enables individuals to purchase Internet access at its managed and operated hotspots and select partner locations across the world. The Company offers its telecom operator partners access to its DAS infrastructure managed and operated hotspot locations. Its hardware and software platform allows it to provide a range of value-added services to network operators enterprise software and services companies and venue operators. The Company offers Boingo software client which is installed on Wi-Fi enabled devices such as smartphones laptops and tablet computers to enable customers to access its network.