Boingo Wireless (NASDAQ:WIFI) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of -$0.48 to -$0.36 for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.40). The company issued revenue guidance of $227 million to $234 million, compared to the consensus revenue estimate of $232.11 million.Boingo Wireless also updated its Q1 guidance to -$0.20 to -$0.12 EPS.
A number of equities research analysts have recently commented on the company. Oppenheimer raised their price target on Boingo Wireless and gave the stock an outperform rating in a research report on Friday, November 3rd. Credit Suisse Group raised their price target on Boingo Wireless from $24.00 to $26.00 and gave the stock an outperform rating in a research report on Friday, November 3rd. Jefferies Group increased their price objective on Boingo Wireless from $20.00 to $27.00 and gave the stock a buy rating in a report on Friday, November 3rd. BidaskClub upgraded Boingo Wireless from a sell rating to a hold rating in a report on Thursday, December 21st. Finally, Zacks Investment Research downgraded Boingo Wireless from a hold rating to a sell rating in a report on Saturday, January 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $24.50.
Boingo Wireless (NASDAQ WIFI) traded up $0.15 during mid-day trading on Tuesday, reaching $26.29. The company’s stock had a trading volume of 629,244 shares, compared to its average volume of 415,806. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.50 and a current ratio of 0.50. The company has a market capitalization of $1,062.71, a P/E ratio of -45.07 and a beta of 0.57. Boingo Wireless has a 12-month low of $10.46 and a 12-month high of $26.93.
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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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