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

Boingo Wireless (NASDAQ:WIFI) opened at $25.10 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.11.

In related news, Director Michael Finley sold 7,500 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $19.34, for a total transaction of $145,050.00. Following the completion of the sale, the director now owns 52,998 shares of the company’s stock, valued at approximately $1,024,981.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David Hagan sold 60,000 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $18.39, for a total transaction of $1,103,400.00. Following the sale, the chief executive officer now directly owns 621,853 shares of the company’s stock, valued at approximately $11,435,876.67. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 270,778 shares of company stock worth $5,291,249. Insiders own 7.70% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of United States and international copyright legislation. The legal version of this piece of content can be read at https://www.watchlistnews.com/boingo-wireless-inc-wifi-posts-quarterly-earnings-results-beats-expectations-by-0-04-eps/1677865.html.

WIFI has been the topic of several recent research reports. BidaskClub upgraded shares of Boingo Wireless from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Craig Hallum upped their target price on shares of Boingo Wireless from $17.00 to $20.00 and gave the company a “buy” rating in a report on Friday, August 4th. Zacks Investment Research lowered shares of Boingo Wireless from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Jefferies Group LLC restated a “buy” rating and issued a $20.00 target price (up from $17.00) on shares of Boingo Wireless in a report on Wednesday, August 9th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $24.00 target price (up from $18.00) on shares of Boingo Wireless in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $21.37.

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.

Earnings History for Boingo Wireless (NASDAQ:WIFI)

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