Boingo Wireless (WIFI) Reports In-Line Q4 EPS

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Oppenheimer Reiterates Outperform on Boingo Wireless (WIFI) Following 4Q

March 8, 2017 9:35 AM EST

Oppenheimer reiterated an Outperform rating and $15.00 price target on Boingo Wireless (NASDAQ: WIFI) following the company's 4Q. Revenue of $45M grew 16% Y/Y driven by strong DAS/Military revenue. Adjusted EBITDA of $14.3M was 1% above estimates.

Analyst Timothy Horan commented, "4Q16 revenue... More