Press coverage about Boingo Wireless (NASDAQ:WIFI) has been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Boingo Wireless earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 46.2164396444013 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- BidaskClub Downgrades Boingo Wireless (WIFI) to Sell (americanbankingnews.com)
- Boingo Wins its Eighth Global Traveler Award for ‘Best WiFi Service’ (tmcnet.com)
- Boingo Wireless, Inc. breached its 50 day moving average in a Bearish Manner : WIFI-US : December 7, 2017 (finance.yahoo.com)
- Boingo Wins its Eighth Global Traveler Award for ‘Best WiFi Service’ (finance.yahoo.com)
Boingo Wireless (NASDAQ:WIFI) opened at $22.51 on Wednesday. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.09. Boingo Wireless has a 1 year low of $10.46 and a 1 year high of $25.99.
Boingo Wireless (NASDAQ:WIFI) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.09) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.04. The firm had revenue of $53.66 million during the quarter, compared to analysts’ expectations of $50.22 million. Boingo Wireless had a negative net margin of 11.75% and a negative return on equity of 23.62%. The firm’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.15) EPS. equities analysts expect that Boingo Wireless will post -0.58 earnings per share for the current fiscal year.
WIFI has been the subject of several analyst reports. Credit Suisse Group increased their price target on shares of Boingo Wireless from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Zacks Investment Research raised shares of Boingo Wireless from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Thursday, October 5th. Craig Hallum increased their price target on shares of Boingo Wireless from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Jefferies Group increased their price target on shares of Boingo Wireless from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Finally, Oppenheimer reissued a “buy” rating and issued a $30.00 price target on shares of Boingo Wireless in a research note on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Boingo Wireless currently has an average rating of “Hold” and an average target price of $22.04.
In related news, CFO Peter Hovenier sold 18,552 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $21.31, for a total transaction of $395,343.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dawn Callahan sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $25.10, for a total transaction of $627,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 78,552 shares of company stock valued at $1,873,093 in the last ninety days. 7.70% of the stock is currently owned by corporate insiders.
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Boingo Wireless Company Profile
Boingo Wireless, Inc is a provider of commercial mobile wireless fidelity (Wi-Fi) Internet solutions and indoor direct-attached storage (DAS) services. The Company operates as a service provider of wireless connectivity solutions across its managed and operated network and aggregated network for mobile devices such as laptops, smartphones, tablets and other wireless-enabled consumer devices.
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