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NASDAQ:RNETRigNet Stock Price, Forecast & News

$1.89
+0.01 (+0.53 %)
(As of 07/14/2020 04:00 PM ET)
Add
Compare
Today's Range
$1.78
Now: $1.89
$1.95
50-Day Range
$0.95
MA: $1.81
$3.49
52-Week Range
$0.77
Now: $1.89
$10.17
Volume5,753 shs
Average Volume428,625 shs
Market Capitalization$37.76 million
P/E RatioN/A
Dividend YieldN/A
Beta1.61
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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RigNet logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.48 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$242.93 million
Cash Flow$0.41 per share
Book Value$2.35 per share

Profitability

Net Income$-19,160,000.00

Miscellaneous

Employees604
Market Cap$37.76 million
Next Earnings Date8/3/2020 (Estimated)
OptionableOptionable

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RigNet (NASDAQ:RNET) Frequently Asked Questions

How has RigNet's stock been impacted by COVID-19 (Coronavirus)?

RigNet's stock was trading at $3.47 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, RNET stock has decreased by 45.5% and is now trading at $1.89. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of RigNet?

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

When is RigNet's next earnings date?

RigNet is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for RigNet.

How were RigNet's earnings last quarter?

RigNet Inc (NASDAQ:RNET) released its quarterly earnings data on Friday, May, 8th. The Wireless communications provider reported ($1.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.57) by $0.77. The Wireless communications provider had revenue of $58.76 million for the quarter. RigNet had a negative return on equity of 100.04% and a negative net margin of 13.83%. View RigNet's earnings history.

What price target have analysts set for RNET?

2 brokers have issued 12 month price targets for RigNet's shares. Their forecasts range from $20.00 to $20.00. On average, they anticipate RigNet's stock price to reach $20.00 in the next twelve months. This suggests a possible upside of 958.2% from the stock's current price. View analysts' price targets for RigNet.

Has RigNet been receiving favorable news coverage?

News headlines about RNET stock have trended somewhat negative on Tuesday, InfoTrie reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. RigNet earned a media sentiment score of -1.5 on InfoTrie's scale. They also assigned media headlines about the Wireless communications provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news about RigNet.

Are investors shorting RigNet?

RigNet saw a increase in short interest in June. As of June 30th, there was short interest totaling 899,700 shares, an increase of 67.6% from the June 15th total of 536,900 shares. Based on an average daily volume of 606,700 shares, the days-to-cover ratio is currently 1.5 days. Currently, 6.1% of the company's shares are sold short. View RigNet's Current Options Chain.

Who are some of RigNet's key competitors?

What other stocks do shareholders of RigNet own?

Based on aggregate information from My MarketBeat watchlists, some companies that other RigNet investors own include Ring Energy (REI), Ring Energy (REI), B2Gold (BTG), Advanced Micro Devices (AMD), FLIR Systems (FLIR), Intel (INTC), SSR Mining (SSRM), Bristol-Myers Squibb (BMY), Enbridge (ENB) and Gates Industrial (GTES).

Who are RigNet's key executives?

RigNet's management team includes the following people:
  • Mr. Steven E. Pickett, CEO, Pres & Director (Age 55)
  • Mr. Lee M. Ahlstrom, Sr. VP & CFO (Age 52)
  • Mr. Brendan Sullivan, CTO & Chief Information Officer (Age 45)
  • Mr. Brad Eastman, Sr. VP & Gen. Counsel (Age 51)
  • Mr. Jay T. Hilbert, Sr. VP of Global Sales (Age 59)

What is RigNet's stock symbol?

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

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, Robinhood, Fidelity, and Charles Schwab.

What is RigNet's stock price today?

One share of RNET stock can currently be purchased for approximately $1.89.

How big of a company is RigNet?

RigNet has a market capitalization of $37.76 million and generates $242.93 million in revenue each year. RigNet employs 604 workers across the globe.

What is RigNet's official website?

The official website for RigNet is 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]

This page was last updated on 7/14/2020 by MarketBeat.com Staff

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