Boingo Wireless, Inc. (NASDAQ:WIFI) issued its quarterly earnings data on Thursday. The technology company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04, Briefing.com reports. The firm had revenue of $53.66 million during the quarter, compared to analyst estimates of $50.22 million. Boingo Wireless had a negative return on equity of 23.73% and a negative net margin of 11.75%. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.15) EPS. Boingo Wireless updated its FY17 guidance to -0.66-0.58 EPS.

Boingo Wireless (NASDAQ:WIFI) traded up $1.99 during mid-day trading on Friday, hitting $25.16. The stock had a trading volume of 1,581,634 shares, compared to its average volume of 377,585.

A number of brokerages have commented on WIFI. Jefferies Group LLC boosted their price objective on Boingo Wireless from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Friday. 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 report on Friday. Craig Hallum boosted their price objective on Boingo Wireless from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Friday. Zacks Investment Research raised Boingo Wireless from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Thursday, October 5th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $24.00 price objective (up from $18.00) on shares of Boingo Wireless in a report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $21.37.

In other news, CFO Peter Hovenier sold 18,552 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $21.31, for a total value of $395,343.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David Hagan sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $18.39, for a total value of $1,103,400.00. Following the completion of the transaction, the chief executive officer now directly owns 621,853 shares of the company’s stock, valued at $11,435,876.67. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 270,778 shares of company stock valued at $5,291,249. 7.70% of the stock is currently owned by corporate insiders.

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About Boingo Wireless

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.

Earnings History for Boingo Wireless (NASDAQ:WIFI)

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