Somewhat Favorable News Coverage Somewhat Unlikely to Affect Boingo Wireless (WIFI) Stock Price

News headlines about Boingo Wireless (NASDAQ:WIFI) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Boingo Wireless earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 46.8723444955929 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

A number of research firms have commented on WIFI. Zacks Investment Research downgraded Boingo Wireless from a “buy” rating to a “hold” rating in a report on Wednesday, March 21st. William Blair reissued an “outperform” rating on shares of Boingo Wireless in a report on Monday, March 12th. BidaskClub raised Boingo Wireless from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Northland Securities reissued a “buy” rating on shares of Boingo Wireless in a report on Thursday, March 1st. Finally, Jefferies Group raised their target price on Boingo Wireless to $32.00 and gave the company a “buy” rating in a 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. The company presently has a consensus rating of “Buy” and a consensus target price of $28.39.

How to Become a New Pot Stock Millionaire

Shares of WIFI stock traded up $0.38 during mid-day trading on Thursday, reaching $24.77. The stock had a trading volume of 398,653 shares, compared to its average volume of 409,099. The stock has a market cap of $1,039.22, a P/E ratio of -50.55 and a beta of 0.49. Boingo Wireless has a 12-month low of $12.73 and a 12-month high of $28.34. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.07.

Boingo Wireless (NASDAQ:WIFI) last posted its quarterly earnings data on Tuesday, February 27th. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.09. The firm had revenue of $57.35 million during the quarter, compared to analysts’ expectations of $54.48 million. Boingo Wireless had a negative return on equity of 20.09% and a negative net margin of 9.40%. sell-side analysts anticipate that Boingo Wireless will post -0.41 earnings per share for the current year.

In other Boingo Wireless news, CEO David Hagan sold 59,500 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $22.10, for a total value of $1,314,950.00. Following the sale, the chief executive officer now directly owns 606,186 shares of the company’s stock, valued at approximately $13,396,710.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Derek Peterson sold 23,853 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $28.01, for a total value of $668,122.53. The disclosure for this sale can be found here. In the last quarter, insiders have sold 374,352 shares of company stock valued at $9,439,720. 7.70% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION WARNING: “Somewhat Favorable News Coverage Somewhat Unlikely to Affect Boingo Wireless (WIFI) Stock Price” was reported by BBNS and is the property of of BBNS. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://baseballnewssource.com/2018/03/30/somewhat-positive-press-coverage-somewhat-unlikely-to-impact-boingo-wireless-wifi-share-price/1973328.html.

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)

Receive News & Ratings for Boingo Wireless Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boingo Wireless and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Red Sox Tie Record for Best Start After 17 Games
Red Sox Tie Record for Best Start After 17 Games
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Rick Porcello’s Strong Start Gives Boost to Red Sox
Rick Porcello’s Strong Start Gives Boost to Red Sox
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Xander Bogaerts Goes on Red Sox DL
Xander Bogaerts Goes on Red Sox DL
Ohtani Goes Deep in Third Straight Game for Angels
Ohtani Goes Deep in Third Straight Game for Angels


Leave a Reply

 
© 2006-2018 BBNS.