23.44 0.00 (0.00%)
After hours: 4:12PM EDT
|Bid||23.43 x 900|
|Ask||23.45 x 800|
|Day's Range||23.01 - 23.67|
|52 Week Range||18.50 - 35.98|
|Beta (3Y Monthly)||1.38|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Dave Hagan, CEO of public space wireless provider Boingo, joined Yahoo Finance Tech Reporter Dan Howley at CES 2019 in Las Vegas to discuss the company's expansion into airports, military bases and other venues
Wi-Fi provider Boingo Wireless said it has launched a commercial trial of next-generation wireless internet at John Wayne Airport in Orange County, California, marking the first known Wi-Fi 6 deployment at a major airport.
To receive further updates on this Boingo Wireless, Inc. (NASDAQ:WIFI) trade as well as an alert when it's time to take profits, sign up for a risk-free trial of Power Options Weekly today.This morning I'm recommending a bearish trade on Boingo Wireless, Inc. (NASDAQ:WIFI), the commercial mobile wireless solutions provider.Last week, my indicators gave me neutral readings for the first time in 2019 and for the first time since the market bottomed in late December. The upward momentum in the market started to slow last week, and this confirms to me that the market is indeed stalling out at overhead resistance near the 2,815 level.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe market has been on a very impressive run lately, so it may actually be a good thing for the longer term if the market takes a pause and consolidates at current levels. It's not unusual for a stock or the market to consolidate after a strong bullish move, as that can sometimes create a base of support for the next move higher.Still, it's really anyone's guess as to where the market will be a month or even a week from now, and I am recommending a bearish play as portfolio protection. WIFI has been struggling lately, and that makes it a good target for our trade this morning. WIFI Beat Earnings, But Not by MuchThe company reported earnings last week, and it was expected to report earnings per share (EPS) of -$0.09, but it beat expectations by $0.10. That may seem good, but at its last earnings report, WIFI beat expectations by $0.09, and it still lost more than 15% of its value in one day.Though some analysts still think the stock is worth buying, the technical picture for WIFI doesn't look strong in the near term. Retesting the $18.50 LowShares reached their 52-week low on Dec. 24, 2018. Right now the stock is sitting just under $21 after earnings, and if its behavior in November is any indication, it could head back down to the $18.50 level.Daily Chart of Boingo Wireless, Inc. (WIFI) -- Chart Source: TradingViewWIFI crossed below its 200-day moving average (MA) in November. Since then, its 200-day MA acted as resistance two times.When rejected at that level in late November, WIFI started falling for several weeks. In the run up to its recent earnings report, WIFI bounced bounced off that level again.With its poor earnings performance and weak technical picture, I think it will head back down toward its 52-week low, and we have a chance to profit when it does.Buy to open the Boingo Wireless, Inc. (WIFI) May 17th $20 Puts (WIFI190517P00020000) at $1.40 or lower. Follow our Facebook page to receive each Trade of the Day direct to your News Feed -- and join the conversation.InvestorPlace advisor Ken Trester brings you Power Options Weekly, which delivers 5 new options trades and his latest trading advice to you each Friday. Trester has been trading options since the first exchanges opened in 1973 with a winning streak that goes back to 1984 with money-doubling average annual profits since 1990.Compare Brokers The post WIFI Could Head Toward $18.50 After Poor Earnings appeared first on InvestorPlace.
The Zacks Analyst Blog Highlights: General Motors, Charles River, DSW, Shoe Carnival and Boingo
There will be more than 549 million global public and cable company-run hot spots by 2022, contributing to a technology that accounts for more than half of all internet traffic, according to equipment maker Cisco Systems Inc. At the same time, telecom executives say fifth-generation cellular technology could drive more data and revenue onto their networks. One of 5G’s top selling points is its ability to more cheaply link swarms of machines to cellphone networks.
Boingo Wireless Inc. shares fell more than 15% in the extended session Wednesday after the company told investors it expected a weaker-than-expected first-quarter. The company reported fourth-quarter net income of $416,000, or 1 cent a share, compared with losses of $1 million, or 2 cents a share, in the year-ago period. Adjusted earnings were TK a share. Revenue rose to $67.8 million from $57 million in the year-ago period. Analysts surveyed by FactSet had estimated losses of 9 cents a share on revenue of $66.2 million. For the first quarter, analysts model net losses of $3 million on revenue of $67.4 million. Boingo said it expects first quarter losses of $9 million. Boingo stock has fallen 18.3% this year, with the S&P 500 index rising 1.8%.
Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! Investors are always looking for growth in small-cap stocks likeRead More...
Boingo (WIFI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be remiss not to mention that insider sales have Read More...
Quotient Technology (QUOT) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
The deal was signed Nov. 1 and was the second consecutive negotiation during which the airport tried to extend free Wi-Fi access.
Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips on the charts, usually don’t make them change their opinion towards a company. This time it may be different. During the first 6 weeks of the fourth quarter we observed increased volatility and small-cap stocks underperformed […]
The wireless hotspot installer and operator beat the Street in the third quarter but might miss analysts' revenue target at the end of 2018.
Boingo Wireless Inc's (NASDAQ:WIFI): Boingo Wireless, Inc., together with its subsidiaries, provides wireless connectivity solutions for smartphones, tablets, laptops, wearables, and other wireless-enabled consumer devices. The US$1.1b market-cap company’s loss Read More...