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Boingo investors take some profits after near-42% gain [Seeking Alpha]

Boingo Wireless, Inc (WIFI)  More Company Research Source: Seeking Alpha
Last boingo wireless, inc earnings: 5/8 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: boingo.com/corporate
PDF 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 [Read more]

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