Boingo Wireless Inc (WIFI) was Initiated by Lake Street to “Buy” and the brokerage firm has set the Price Target at $12. Lake Street advised their investors in a research report released on Jun 20, 2016.
On the company’s financial health, Boingo Wireless Inc reported $-0.27 EPS for the quarter, based on the information available during the earnings call on May 5, 2016. Analyst had a consensus estimate of $-0.27. The company had revenue of $34.50 million for the quarter, 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.
Boingo Wireless Inc (WIFI) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $8.79 and reached the intraday high at $8.88. The bulls started the profit booking and pushed the shares to intraday low of $8.74. The trading session was marked by a volume range of 3,59,669 shares exchanging hands. The 52-week high of the shares is $10.42 and the 52-week low is $5.4. The market cap of the company stands at $332 M and there are 3,78,74,375 shares in public circulation.
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.