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WIFI - Boingo Wireless: A Growth Stock To Buy On Mobile Data Growth And 5G Adoption
Boingo Wireless Inc.
Boingo Wireless (WIFI) is a fast-growing company that I am bullish on due to rapid mobile data growth and the deployment of 5G. Boingo is uniquely placed to take advantage of both trends on a microeconomic business level.
Boingo saw its best year yet in 2018, with revenue of $250.8 million. This is a 22.7% increase from 2017. This is from a company that has grown in double digits for the past 4 years, doubling its revenue and its EBITDA margins, as it continued to benefit from economies of scale. This is a trend I