Replies to post #14 on Boingo Wireless (WIFI)

[PennyHeaven7]

Boingo Wireless Rings in 10th Anniversary


Anniversary Festivities Kick Off with NASDAQ Opening Bell Ringing, Interactive Celebrations and Giveaways

Press Release Source: Boingo Wireless, Inc. On Monday June 13, 2011, 8:30 am EDT

http://finance.yahoo.com/news/Boingo-Wireless-Rings-in-10th-bw-3571881159.html?x=0&.v=1
LOS ANGELES--(BUSINESS WIRE)-- Boingo Wireless, Inc., the Wi-Fi industry’s leading provider of software and services worldwide, today announced two milestone events: the ringing of the NASDAQ opening bell as a newly public company, and the launch of the company’s 10th anniversary celebration.



Boingo turns 10 by kicking off a virtual anniversary party a decade in the making.



To say “thanks” to customers and fans for their support over the last 10 years, Boingo is awarding customers and fans with gifts throughout the remainder of 2011. Visitors to the anniversary microsite, http://www.boingo.com/10 can earn anywhere from 10 minutes to 10 days of free Wi-Fi. Plus, every week participants may enter for a chance to win the latest must-have gadgets and gear, including the iPad 2, Barnes & Noble NOOK Color e-readers, smartphones, hotel stays, complimentary Boingo Wi-Fi accounts, gift cards, and more.



“At Boingo, we’ve always liked a good party, and we value our close connection to our customers,” said Dawn Callahan, vice president of consumer marketing for Boingo. “Our anniversary is the perfect opportunity to give back and celebrate with current and future customers throughout 2011. Boingo fans should check in on our anniversary microsite often for new anniversary gifts and surprises.”



Boingo president and CEO Dave Hagan and the company’s executive team will herald the launch of the 10th anniversary party by ringing the opening bell at the NASDAQ today. Boingo began trading on the NASDAQ Global Market under the symbol “WIFI” on May 4, 2011. The bell ringing can be viewed via live webcast at http://www.nasdaq.com/about/marketsitetowervideo.asx or http://social.nasdaqomx.com at 9:15 am EDT.



Since the company’s founding in 2001, Boingo has become a global leader in Wi-Fi services, making it easy, convenient and cost-effective for people to connect to the mobile Internet at more than 325,000 hotspots in more than 100 countries. Boingo has received numerous accolades for its superior customer service, including being named a finalist for Best Social Media Customer Service from Mashable, and has been named a top Wi-Fi and travel service by Global Traveler magazine, among many other honors.



Boingo’s longest standing customer, Thomas Hunt, President and CEO of INSTALLS, Inc. has been a loyal patron since the company’s beginning and will attend the anniversary kick-off and NASDAQ bell ringing as Boingo’s guest of honor.



“As the co-founder of a business that manages electronics installation programs for national chains, I’m always on the go,” said Hunt. “Boingo has provided me with reliable access to Wi-Fi networks wherever I've traveled — domestically or abroad. I was surprised to find out that I am their oldest customer, but I’m excited to help them ring in their second decade as my Wi-Fi provider of choice.”

[PennyHeaven7]

Boingo: Street Picks Up Coverage; Gets 4 Thumbs Up From Bankers
Jun. 13 2011 - 9:44

By ERIC SAVITZ
http://blogs.forbes.com/ericsavitz/2011/06/13/boingo-street-picks-up-coverage-gets-4-thumbs-up-from-bankers/?partner=yahootix
Analysts at the four investment banks that took Boingo Wireless this morning launched coverage of the WiFi hot spot provider – and I know you’ll be shocked to hear this – they all recommend buying the stock. Boingo came public May 4 at $13.50 a share, and has since staged a banker-embarrassing full-scale collapse, closing Friday at $7.65. This morning, the analysts come riding to the rescue.

•Deutsche Bank analyst Brett Feldman launched with a Buy rating and $15 target. Feldman writes that there are three reasons to be bullish on the stock: the company should benefit from adoption of smartphones and tablets; an attractive recurring revenue model with low customer acquisition costs and low core cap ex; attractive valuation. He sees Boingo posting 2011 revenue of $93 million and profits of 13 cents a share, with 2012 revenue of $113 million and profits of 10 cents.
•Credit Suisse analyst John Blackledge launched with an Outperform rating and $14 target. “We expect strong top-line growth (mid-teens) and continued margin expansion over the next few years, driven by further subscriber adoption and continued solid wholesale growth,” he writes. “We believe the recent weakness in the stock is overdone and look at current levels as a good entry point for investors.” The Credit Suisse analyst attributes the sharp post-IPO fall in the stock to “general market conditions and potentially limited appetite for unproven public companies, despite strong near and longer term growth projections.” His forecast is for 2011 revenue of $108.9 million with profits of 30 cents a share, and 2012 revenue of $126.9 million and profits of 40 cents a share.
•William Blair analyst Jim Breen begins coverage with an Outperform rating. He sees at least 25% upside for the stock. He notes that the company “is believed to have the largest Wi-Fi hotspot footprint in the world,” with over 325,000 venues in more than 100 countries, including 85 of the top 100 most-trafficked airports globally.” He sees profits of 17 cents a share this year, and 26 cents next year.
•Pacific Crest analyst James Faucette picked up coverage with an Outperform rating and a $13 price target. “We believe that Boingo is a strong play on the rapidly growing use of Wi-Fi, driven by increasing wireless data traffic, increasing cellular data costs and the generally better performance that Wi-Fi can deliver,” he writes. “We believe that the market significantly underestimates the advantages that Boingo is developing in securing key high-traffic sites like O’Hare International Airport, Kennedy International Airport and Soldier Field, particularly given the huge wave of locations that we believe are likely to deploy Wi-Fi networks and services in the coming two to three years.” He sees profits of 13 cents a share this year and 28 cents next year.

[PennyHeaven7]

More Banks & Investment firms as of today, now say, BUY, BUY, BUY BOINGO , BTW the SHARE PRICE IS ALSO WAY up TODAY High of $10.06 a share so far. $$$$
http://finance.yahoo.com/news/On-The-Fly-Analyst-Initiation-theflyonthewall-3645851852.html?x=0&.v=1

Today's noteworthy initiations include: Cliffs Natural (NYSE:CLF) initiated with a Buy at UBS...Boingo Wireless (NasdaqGM:WIFI) initiated with a Buy at Deutsche Bank...Boingo Wireless initiated with an Outperform at Credit Suisse...RPX Corp. (NasdaqGS:RPXC) initiated with an Outperform at RW Baird...Aviva (NYSE:AV) initiated with a Buy at Collins Stewart...Mead Johnson (NYSE:MJN) initiated with an Outperform at William Blair.