NASDAQ:RNET - RigNet Stock Price, News, & Analysis

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$9.52 -1.01 (-9.59 %)
(As of 04/25/2019 04:33 AM ET)
Previous Close$10.53
Today's Range$9.52 - $10.41
52-Week Range$8.87 - $24.05
Volume47,300 shs
Average Volume39,350 shs
Market Capitalization$185.36 million
P/E RatioN/A
Dividend YieldN/A
Beta1.67
RigNet, Inc., a technology company, provides customized communications services, applications, and cybersecurity solutions in the United States and internationally. The company operates through three segments: Managed Services, Applications and Internet-of-Things (Apps & IoT), and Systems Integration. The Managed Services segment provides remote communication, telephony, and technology services for offshore and onshore drilling rigs and production facilities, support vessels, and other remote sites. The Applications and Internet-of-Things segment offers applications over-the-top of the network layer, including Software as a Service offerings, such as cyber security; applications for safety and workforce productivity; a real-time machine learning and AI data platform; and other value-added solutions. The Systems Integration segment engages in the design, consulting, engineering, project management, procurement, testing, installation, commissioning, and maintenance of telecommunications systems. RigNet, Inc. was founded in 2000 and is headquartered in Houston, Texas.

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Industry, Sector and Symbol

Industry Communication services, not elsewhere classified
Sub-IndustryOil & Gas Equipment & Services
SectorComputer and Technology
Current SymbolNASDAQ:RNET
CUSIP76658210
Phone281-674-0100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$238.85 million
Cash Flow$1.0578 per share
Book Value$2.88 per share

Profitability

Net Income$-62,450,000.00

Miscellaneous

Employees604
Market Cap$185.36 million
Next Earnings Date5/6/2019 (Estimated)
OptionableOptionable

RigNet (NASDAQ:RNET) Frequently Asked Questions

What is RigNet's stock symbol?

RigNet trades on the NASDAQ under the ticker symbol "RNET."

How were RigNet's earnings last quarter?

RigNet Inc (NASDAQ:RNET) posted its quarterly earnings results on Thursday, March, 14th. The Wireless communications provider reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.15. The Wireless communications provider earned $60.24 million during the quarter. RigNet had a negative return on equity of 13.12% and a negative net margin of 26.11%. View RigNet's Earnings History.

When is RigNet's next earnings date?

RigNet is scheduled to release their next quarterly earnings announcement on Monday, May 6th 2019. View Earnings Estimates for RigNet.

What price target have analysts set for RNET?

1 brokers have issued 12-month price targets for RigNet's stock. Their predictions range from $24.00 to $24.00. On average, they expect RigNet's share price to reach $24.00 in the next year. This suggests a possible upside of 152.1% from the stock's current price. View Analyst Price Targets for RigNet.

What is the consensus analysts' recommendation for RigNet?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RigNet in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for RigNet.

What are Wall Street analysts saying about RigNet stock?

Here are some recent quotes from research analysts about RigNet stock:
  • 1. Maxim Group analysts commented, "RNET posted 4Q18 revenue of $60.2M, +6% y/y, below our estimate and consensus of $62.5M. However, Adjusted EBITDA of $10.5M, up 23% y/y, topped our estimate of $5.1M, on better margins." (3/18/2019)
  • 2. According to Zacks Investment Research, "RigNet, Inc is engaged in providing data network infrastructure serving the remote communications needs of the oil and gas industry. The Company delivers voice, data, video and other value-added services such as real-time management services through a Internet Protocol/Multiprotocol Label Switching, or IP/MPLS, global network. RigNet operates its business through three reportable segments: eastern hemisphere, western hemisphere and U.S. land. The eastern hemisphere segment provides services outside USA in the eastern part; western hemisphere provides services outside USA in the western part; while the U.S. land segment offers services to facilities located onshore in North America. RigNet, Inc is headquartered in Houston, Texas. " (5/9/2018)

Has RigNet been receiving favorable news coverage?

Media stories about RNET stock have trended somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. RigNet earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave news coverage about the Wireless communications provider a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days.

Who are some of RigNet's key competitors?

What other stocks do shareholders of RigNet own?

Who are RigNet's key executives?

RigNet's management team includes the folowing people:
  • Mr. Steven E. Pickett, CEO, Pres & Director (Age 55)
  • Mr. Brendan Sullivan, CTO & Chief Information Officer (Age 45)
  • Mr. Jay T. Hilbert, Sr. VP of Global Sales (Age 59)
  • Mr. Edward Traupman, VP and GM of Products & Services (Age 68)
  • Mr. William D. Sutton, Consultant (Age 65)

How do I buy shares of RigNet?

Shares of RNET can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is RigNet's stock price today?

One share of RNET stock can currently be purchased for approximately $9.52.

How big of a company is RigNet?

RigNet has a market capitalization of $185.36 million and generates $238.85 million in revenue each year. RigNet employs 604 workers across the globe.

What is RigNet's official website?

The official website for RigNet is http://www.rig.net.

How can I contact RigNet?

RigNet's mailing address is 15115 PARK ROW BOULEVARD SUITE 300, HOUSTON TX, 77084. The Wireless communications provider can be reached via phone at 281-674-0100 or via email at [email protected]


MarketBeat Community Rating for RigNet (NASDAQ RNET)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  235 (Vote Outperform)
Underperform Votes:  235 (Vote Underperform)
Total Votes:  470
MarketBeat's community ratings are surveys of what our community members think about RigNet and other stocks. Vote "Outperform" if you believe RNET will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RNET will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 4/25/2019 by MarketBeat.com Staff

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