NASDAQ:RNET - RigNet Stock Price, News & Analysis

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

RigNet Inc (NASDAQ:RNET) issued its quarterly earnings data on Monday, August, 5th. The Wireless communications provider reported ($0.32) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.06) by $0.26. The Wireless communications provider had revenue of $60.33 million for the quarter. RigNet had a negative return on equity of 34.33% and a negative net margin of 29.07%. View RigNet's Earnings History.

RigNet is scheduled to release their next quarterly earnings announcement on Thursday, November 14th 2019. View Earnings Estimates for RigNet.

1 brokerages have issued 12 month target prices for RigNet's shares. Their predictions range from $20.00 to $20.00. On average, they expect RigNet's stock price to reach $20.00 in the next year. This suggests a possible upside of 169.9% from the stock's current price. View Analyst Price Targets 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.

News coverage about RNET stock has trended negative on Sunday, according to InfoTrie. The research group identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. RigNet earned a news impact score of -2.3 on InfoTrie's scale. They also gave 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 stock's share price in the next several days. View News Stories for RigNet.

RigNet saw a increase in short interest in July. As of July 15th, there was short interest totalling 414,900 shares, an increase of 23.8% from the June 15th total of 335,200 shares. Based on an average daily volume of 66,100 shares, the short-interest ratio is presently 6.3 days. Approximately 3.0% of the company's shares are short sold. View RigNet's Current Options Chain.

Some companies that are related to RigNet include Boingo Wireless (WIFI), ORBCOMM (ORBC), Gogo (GOGO), Calix (CALX), Directview (DIRV), Global Eagle Entertainment (ENT), B Communications (BCOM), Remark (MARK), Lithium Co.. (LTUM), Dropcar (DCAR), Plaintree Systems (PTEEF), China Teletech (CNCT), Towerstream (TWER) and RadioIO (RAIO).

Based on aggregate information from My MarketBeat watchlists, some companies that other RigNet investors own include FLIR Systems (FLIR), Valero Energy (VLO), Amicus Therapeutics (FOLD), Asante Solutions (PUMP), Rigel Pharmaceuticals (RIGL), SunPower (SPWR), Viper Energy Partners (VNOM), Callon Petroleum (CPE), Radian Group (RDN) and Allena Pharmaceuticals (ALNA).

RigNet's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.58%), Vanguard Group Inc. (2.99%), Renaissance Technologies LLC (2.67%), Stephens Investment Management Group LLC (2.18%), JPMorgan Chase & Co. (1.05%) and Northern Trust Corp (1.03%). Company insiders that own RigNet stock include Benjamin Andrew Carter, Brendan Sullivan, Charles Louis Iv Davis, Digital Oilfield Investments L, Fund Holdings Gp Ltd Kkr, Keith Olsen, Kevin C Mulloy and Tonya Maumus Mcdermott. View Institutional Ownership Trends for RigNet.

RNET stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Vanguard Group Inc., BlackRock Inc., Morgan Stanley, Russell Investments Group Ltd., Bank of New York Mellon Corp, Wells Fargo & Company MN and Stephens Investment Management Group LLC. Company insiders that have sold RigNet company stock in the last year include Benjamin Andrew Carter, Brendan Sullivan, Keith Olsen, Kevin C Mulloy and Tonya Maumus Mcdermott. View Insider Buying and Selling for RigNet.

RNET stock was bought by a variety of institutional investors in the last quarter, including Jacobs Levy Equity Management Inc., JPMorgan Chase & Co., Parametric Portfolio Associates LLC, Northern Trust Corp and Strs Ohio. Company insiders that have bought RigNet stock in the last two years include Digital Oilfield Investments L and Fund Holdings Gp Ltd Kkr. View Insider Buying and Selling for 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.

One share of RNET stock can currently be purchased for approximately $7.41.

RigNet has a market capitalization of $147.98 million and generates $238.85 million in revenue each year. RigNet employs 604 workers across the globe.View Additional Information About RigNet.

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

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]