Boingo investors take some profits after near-42% gain [Seeking Alpha]
BOINGO WIRELESS (WIFI)
Last boingo wireless earnings: 3/2 04:10 pm
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US:NASDAQ Investor Relations:
boingo.com/corporate
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Source: Seeking Alpha
Boingo Wireless (NASDAQ: WIFI ) is retrenching a bit today, on heavy volume, but only after one of the earnings season's best one-day gains ( ) on its solid Q2 beat . Credit Suisse has raised its price target to a Street-high $35, which implies nearly 20% upside taking today's decline into account. The firm attributed the beat to strong subscriptions and ARPU in military and wholesale, and says an acquisition of Elauwit Networks is a logical lateral step which opens up another vertical. It should add revenue of $3M in Q3 and $5M in Q4, and grow about 20% in the next fiscal year. (h/t Bloomberg) See all stocks on the move » Now read: GTT Communications, Inc. 2018 Q2 - Results - Earnings Call Slides » Subscribe for full text news in your inbox
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