Boingo Wireless (NASDAQ:WIFI) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of -$0.20 to -$0.12 for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.14). The company issued revenue guidance of $50 million to $54 million, compared to the consensus revenue estimate of $52.89 million.Boingo Wireless also updated its FY18 guidance to -$0.48 to -$0.36 EPS.
Boingo Wireless (NASDAQ WIFI) opened at $26.29 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.50 and a quick ratio of 0.50. Boingo Wireless has a 12 month low of $10.46 and a 12 month high of $26.93.
WIFI has been the topic of a number of recent research reports. Craig Hallum boosted their price objective on Boingo Wireless from $24.00 to $28.00 and gave the stock a buy rating in a research note on Friday, November 3rd. Credit Suisse Group boosted their price objective on Boingo Wireless from $24.00 to $26.00 and gave the stock an outperform rating in a research note on Friday, November 3rd. Jefferies Group boosted their price objective on Boingo Wireless from $20.00 to $27.00 and gave the stock a buy rating in a research note on Friday, November 3rd. Oppenheimer boosted their price objective on Boingo Wireless and gave the stock an outperform rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research lowered Boingo Wireless from a buy rating to a hold rating in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $24.50.
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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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