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NASDAQ:RNET

RigNet Stock Forecast, Price & News

$4.18
+0.08 (+1.95 %)
(As of 10/1/2020 12:13 PM ET)
Add
Compare
Today's Range
$4.09
Now: $4.18
$4.21
50-Day Range
$3.53
MA: $4.41
$5.64
52-Week Range
$0.77
Now: $4.18
$7.70
Volume751 shs
Average Volume709,622 shs
Market Capitalization$85.92 million
P/E RatioN/A
Dividend YieldN/A
Beta2.34
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: 0.0Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.70 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$0.39 per share
Book Value$2.35 per share

Profitability

Net Income$-19,160,000.00

Miscellaneous

Employees604
Market Cap$85.92 million
Next Earnings Date11/5/2020 (Estimated)
OptionableOptionable
$4.18
+0.08 (+1.95 %)
(As of 10/1/2020 12:13 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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RigNet (NASDAQ:RNET) Frequently Asked Questions

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

RigNet's stock was trading at $3.47 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, RNET stock has increased by 20.5% and is now trading at $4.18.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of RigNet?

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

When is RigNet's next earnings date?

RigNet is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for RigNet
.

How were RigNet's earnings last quarter?

RigNet Inc (NASDAQ:RNET) released its quarterly earnings results on Thursday, August, 6th. The Wireless communications provider reported ($0.21) earnings per share (EPS) for the quarter. The Wireless communications provider earned $53.39 million during the quarter. RigNet had a negative net margin of 13.44% and a negative return on equity of 121.61%.
View RigNet's earnings history
.

Are investors shorting RigNet?

RigNet saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,220,000 shares, an increase of 11.9% from the August 31st total of 1,090,000 shares. Based on an average daily trading volume, of 1,360,000 shares, the days-to-cover ratio is currently 0.9 days. Approximately 8.2% of the company's shares are short sold.
View RigNet's Short Interest
.

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 Advanced Micro Devices (AMD), NVIDIA (NVDA), Boeing (BA), Intel (INTC), B2Gold (BTG), Novavax (NVAX), Transocean (RIG), Skyworks Solutions (SWKS), Micron Technology (MU) and Valero Energy (VLO).

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 $4.18.

How big of a company is RigNet?

RigNet has a market capitalization of $85.92 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 10/1/2020 by MarketBeat.com Staff

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