Boingo Wireless, Inc. (WIFI) Scheduled to Post Earnings on Wednesday
Boingo Wireless, Inc. (NASDAQ:WIFI) will be releasing its earnings data after the market closes on Wednesday, November 1st. Analysts expect Boingo Wireless to post earnings of ($0.13) per share for the quarter. Boingo Wireless has set its Q3 guidance at ($0.18)-($0.10) EPS and its FY17 guidance at ($0.71)-($0.61) EPS.
Boingo Wireless (NASDAQ:WIFI) last announced its earnings results on Thursday, August 3rd. The technology company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.03). Boingo Wireless had a negative return on equity of 25.82% and a negative net margin of 13.85%. The business had revenue of $49.00 million for the quarter, compared to analyst estimates of $46.23 million. During the same period last year, the firm earned ($0.19) EPS. The company’s revenue for the quarter was up 25.3% compared to the same quarter last year. On average, analysts expect Boingo Wireless to post $-0.66 EPS for the current fiscal year and $-0.43 EPS for the next fiscal year.
Shares of Boingo Wireless, Inc. (NASDAQ WIFI) opened at 22.56 on Wednesday. The firm’s market cap is $904.86 million. The firm’s 50-day moving average is $21.47 and its 200 day moving average is $17.50. Boingo Wireless, Inc. has a 52 week low of $9.39 and a 52 week high of $22.91.
In related news, CFO Peter Hovenier sold 18,552 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $21.31, for a total transaction of $395,343.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David Hagan sold 75,000 shares of the stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $15.06, for a total value of $1,129,500.00. Following the transaction, the chief executive officer now owns 621,853 shares in the company, valued at $9,365,106.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 495,778 shares of company stock worth $8,768,999. Corporate insiders own 7.70% of the company’s stock.
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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