Boingo Wireless (WIFI) Earning Somewhat Favorable News Coverage, Analysis Finds

News coverage about Boingo Wireless (NASDAQ:WIFI) has trended somewhat positive recently, according to Accern. Accern rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Boingo Wireless earned a news impact score of 0.13 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 46.6462001363386 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news articles that may have effected Accern Sentiment’s scoring:

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Shares of WIFI opened at $24.41 on Monday. Boingo Wireless has a one year low of $13.29 and a one year high of $28.34. The company has a market cap of $1,008.24, a price-to-earnings ratio of -49.82 and a beta of 0.62. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.48 and a quick ratio of 0.48.



Boingo Wireless (NASDAQ:WIFI) last announced its quarterly earnings data on Tuesday, February 27th. The technology company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.09. Boingo Wireless had a negative net margin of 9.40% and a negative return on equity of 20.09%. The business had revenue of $57.35 million during the quarter, compared to the consensus estimate of $54.48 million. sell-side analysts anticipate that Boingo Wireless will post -0.43 earnings per share for the current fiscal year.

WIFI has been the subject of a number of analyst reports. Roth Capital initiated coverage on shares of Boingo Wireless in a research report on Wednesday, January 17th. They issued a “buy” rating and a $29.00 price target for the company. BidaskClub upgraded shares of Boingo Wireless from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Northland Securities restated a “buy” rating on shares of Boingo Wireless in a research report on Thursday, March 1st. Jefferies Group boosted their price objective on shares of Boingo Wireless to $32.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Finally, Lake Street Capital restated a “buy” rating and set a $30.00 price objective (up from $26.00) on shares of Boingo Wireless in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Boingo Wireless has a consensus rating of “Buy” and a consensus target price of $28.39.

In other Boingo Wireless news, CEO David Hagan sold 19,833 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $22.18, for a total transaction of $439,895.94. Following the sale, the chief executive officer now owns 606,186 shares of the company’s stock, valued at $13,445,205.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Tom Tracey sold 25,000 shares of the business’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $25.80, for a total transaction of $645,000.00. Following the sale, the vice president now directly owns 49,818 shares in the company, valued at approximately $1,285,304.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 374,352 shares of company stock valued at $9,439,720. Company insiders own 7.70% of the company’s stock.

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About Boingo Wireless

Boingo Wireless, Inc, together with its subsidiaries, provides wireless connectivity solutions for smartphones, tablets, laptops, wearables, and other wireless-enabled consumer devices. It designs, builds, monitors, and maintains distributed antenna systems (DAS), Wi-Fi, and small cell networks at managed and operated hotspot locations, such as airports, transportation hubs, stadiums, arenas, military bases, universities, convention centers, and office campuses in North America, Latin America, Europe, the Middle East, Africa, and Asia; and offers software applications and solutions to access its Wi-Fi network of approximately 1.5 million hotspots.

Insider Buying and Selling by Quarter for Boingo Wireless (NASDAQ:WIFI)

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