Boingo Wireless, Inc. (WIFI - Free Report) was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $20.40 to $23.97 in the past one-month time frame.
The company has seen a mixed track record when it comes to estimate revision of no increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Boingo Wireless currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Investors interested in the Internet - Software and Services industry may consider a better-ranked stock like ChannelAdvisor Corporation (ECOM - Free Report) , which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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