Thursday, January 30, 2014

Bear of the Day: Boingo Wireless (WIFI)

<p>This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.</p><p>Earnings estimates have been falling for Boingo Wireless (WIFI - Snapshot Report) after the company reported its third quarter results back in November. The Zacks Consensus Estimate for both 2013 and 2014 have dropped significantly, sending it to a Zacks Rank #5 (Strong Sell).</p><p>While shares of Boingo Wireless have sold off a bit since the Q3 report, the stock still does not look cheap on a forward P/E basis. Investors should consider avoiding the stock until its earnings momentum improves.</p><p>Boingo Wireless provides individuals with access to the mobile Internet through high-speed, high-bandwidth Wi-Fi networks. It has more than 700,000 Wi-Fi locations, or hotspots, in over 100 countries at places like airports, hotels, coffee shops, shopping malls, arenas, stadiums and fast food restaurants.</p><p><a href="http://www.zacks.com/commentary/31094/bear-of-the-day-boingo-wireless-wifi">Keep reading...</a></p>

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