Boingo Wireless (WIFI +20.9%) bounces after four underwriters of its May IPO all initiate...

|About: Boingo Wireless (WIFI)|By:, SA News Editor

Boingo Wireless (WIFI +20.9%) bounces after four underwriters of its May IPO all initiate coverage recommending the stock. Though shares are off 43% from the IPO, Credit Suisse believes the 2011 outlook is “solid,” projecting 16% revenue growth and 44% EBITDA growth. CEO Dave Hagan sees WiFi coverage exploding, and expects to power 40% of new locations.