Boingo Wireless, Inc. (NASDAQ:WIFI) is set to announce third quarter earning results on Monday 9th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, WIFI to report 3Q20 loss of $ 0.11 per share from revenue of $ 59.37 million.
For the full year, analysts anticipate top line of $ 239.19 million, while looking forward to loss of $ 0.44 per share bottom line.
Previous Quarter Performance
Boingo Wireless, Inc. announced loss for the second quarter of $ 0.13 per share, from the revenue of $ 58.67 million. Street analysts expected Boingo Wireless, Inc. to report loss of $ 0.08 per share on revenue of $ 61.08 million for the second quarter. The bottom line results missed street analysts by $ 0.05 or 62.5 percent, at the same time, top line results fell short of analysts by $ 2.41 million or 3.95 percent.
Stock Performance
On Friday, shares of Boingo Wireless, Inc. has traded high as $ 10.00 and has cracked $ 9.46 on the downward trend, reaching $ 9.50 with volume of 228.40 thousand shares.
According to the previous trading day, closing price of $ 9.50, representing a 47.90 % increase from the 52 week low of $ 6.66 and a 38.13 % decrease over the 52 week high of $ 15.92.
The company has a market capital of $ 422.45 million and is part of the Communication Services sector and Telecom Services industry.
Conference Call
Boingo Wireless, Inc. will be hosting a conference call at 4:30 PM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.boingo.com
Boingo Wireless, Inc., together with its subsidiaries, provides wireless connectivity solutions for smartphones, tablets, laptops, wearables, and other wireless-enabled consumer devices worldwide. The company offers distributed antenna systems and small cell networks at managed and operated locations; high-speed Wi-Fi services for residential consumers on military bases and at multifamily properties; and wholesale Wi-Fi services to network operators, device manufacturers, technology companies, enterprise software and services companies, venue operators, and financial services companies, as well as retail Internet access services. It serves largest carriers, telecommunications service providers, global consumer brands, and property owners, as well as troops stationed at military bases and Internet savvy consumers.
