Boingo Wireless Inc (WIFI) Issues FY14 Earnings Guidance
Boingo Wireless Inc (NASDAQ:WIFI) updated its FY14 earnings guidance on Thursday. The company provided EPS guidance of ($0.50)-($0.41) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.33), Analyst Ratings.Net reports. The company issued revenue guidance of $116-121 million, compared to the consensus revenue estimate of $118.75 million.Boingo Wireless also updated its Q3 guidance to ($0.14)-($0.10) EPS.
WIFI has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of Boingo Wireless from a hold rating to a sell rating in a research note on Friday, June 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $7.88.
Boingo Wireless Inc (NASDAQ:WIFI) traded up 0.16% on Thursday, hitting $6.24. The stock had a trading volume of 132,231 shares. Boingo Wireless Inc has a one year low of $5.06 and a one year high of $8.00. The stock has a 50-day moving average of $6.56 and a 200-day moving average of $6.50. The company’s market cap is $221.8 million.
Boingo Wireless (NASDAQ:WIFI) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.02. The company had revenue of $28.40 million for the quarter, compared to the consensus estimate of $27.91 million. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Analysts expect that Boingo Wireless Inc will post $-0.32 EPS for the current fiscal year.
Boingo Wireless, Inc (NASDAQ:WIFI) provides mobile Internet through wireless fidelity (Wi-Fi) networks globally.
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