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 communications, telephony, and technology services, including data, Internet, and Voice over Internet Protocol services for offshore and onshore drilling rigs and production facilities, support vessels, and other remote sites. It also offers private networking and wide area network (WAN) acceleration solutions, software-defined appliances, content filtering, and Wi-Fi hotspots. The Apps & IoT segment provides supervisory control and data acquisition systems to monitor, gather, and process data while interacting with machines and devices, such as pipelines, valves, pumps, and motors; data analytics solutions to enhance customer productivity and safety; weather data monitoring services in the North Sea to support operations; adaptive video intelligence and video collaboration solutions; BlackTIE and CyphreLink cybersecurity offerings that protects customers data; and Wi-Fi hotspot solutions, which facilitate access to the Internet by personnel in remote facilities. The Systems Integration segment engages in the design, procurement, assembly and test, installation, and commissioning of communications systems, including WAN/LAN connectivity, access control, public address, microwave, and monitoring and control systems, as well as closed circuit televisions for monitoring and security. RigNet, Inc. was founded in 2000 and is headquartered in Houston, Texas.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Communication services, not elsewhere classified
Sub-IndustryOil & Gas Equipment & Services
SectorComputer and Technology
SymbolNASDAQ:RNET
CUSIP76658210
Phone281-674-0100
Debt
Debt-to-Equity Ratio0.48
Current Ratio1.75
Quick Ratio1.75
Price-To-Earnings
Trailing P/E Ratio-21.55
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$204.89 million
Price / Sales1.45
Cash Flow$1.0976 per share
Price / Cash13.94
Book Value$5.89 per share
Price / Book2.60
Profitability
EPS (Most Recent Fiscal Year)($0.71)
Net Income$-16,170,000.00
Net Margins-8.96%
Return on Equity-14.04%
Return on Assets-6.42%
Miscellaneous
Employees503
Outstanding Shares19,360,000
Market Cap$275.88 million
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) released its quarterly earnings results on Monday, August, 6th. The Wireless communications provider reported ($0.06) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.10) by $0.04. The Wireless communications provider had revenue of $60.01 million for the quarter. RigNet had a negative return on equity of 14.04% and a negative net margin of 8.96%. View RigNet's Earnings History.
When is RigNet's next earnings date?
What price target have analysts set for RNET?
2 analysts have issued 12-month price objectives for RigNet's shares. Their forecasts range from $15.00 to $19.00. On average, they expect RigNet's share price to reach $17.00 in the next year. This suggests a possible upside of 11.1% from the stock's current price. View Analyst Price Targets for RigNet.
What is the consensus analysts' recommendation for 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.
Who are some of RigNet's key competitors?
Some companies that are related to RigNet include ORBCOMM (ORBC), Gogo (GOGO), Calix (CALX), Hawaiian Telcom HoldCo (HCOM), Global Eagle Entertainment (ENT), B Communications (BCOM), Remark (MARK), Lithium Co.. (LTUM), Dropcar (DCAR), Plaintree Systems (PTEEF), China Teletech (CNCT), Towerstream (TWER), Directview (DIRV), RadioIO (RAIO) and DigitalGlobe (DGI).
Who are RigNet's key executives?
RigNet's management team includes the folowing people:
- Mr. Steven E. Pickett, CEO, Pres & Director (Age 54)
- Mr. Brendan Sullivan, CTO & Chief Information Officer (Age 44)
- Mr. Jay T. Hilbert, Sr. VP of Global Sales (Age 58)
- Mr. Edward Traupman, VP and GM of Products & Services (Age 67)
- Mr. William D. Sutton, Consultant (Age 64)
Has RigNet been receiving favorable news coverage?
News headlines about RNET stock have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. RigNet earned a news impact score of 0.20 on Accern's scale. They also assigned news stories about the Wireless communications provider an impact score of 46.08 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future. View Recent Headlines for RigNet.
Who are RigNet's major shareholders?
RigNet's stock is owned by many different of retail and institutional investors. Top institutional shareholders include FMR LLC (15.00%), BlackRock Inc. (4.84%), Renaissance Technologies LLC (3.07%), Dimensional Fund Advisors LP (3.04%), Stephens Investment Management Group LLC (2.48%) and Schwab Charles Investment Management Inc. (0.44%). Company insiders that own RigNet stock include Brendan Sullivan, Charles E Schneider, Charles Louis Iv Davis, Digital Oilfield Investments L and Kevin C Mulloy. View Institutional Ownership Trends for RigNet.
Which major investors are selling RigNet stock?
RNET stock was sold by a variety of institutional investors in the last quarter, including Stephens Investment Management Group LLC, Mackay Shields LLC and Bank of New York Mellon Corp. Company insiders that have sold RigNet company stock in the last year include Brendan Sullivan and Charles Louis Iv Davis. View Insider Buying and Selling for RigNet.
Which major investors are buying RigNet stock?
RNET stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, BlackRock Inc., Dimensional Fund Advisors LP, Schwab Charles Investment Management Inc., Trexquant Investment LP, Tower Research Capital LLC TRC , Renaissance Technologies LLC and Cubist Systematic Strategies LLC. View Insider Buying and Selling for RigNet.
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 $15.30.
How big of a company is RigNet?
RigNet has a market capitalization of $275.88 million and generates $204.89 million in revenue each year. The Wireless communications provider earns $-16,170,000.00 in net income (profit) each year or ($0.71) on an earnings per share basis. RigNet employs 503 workers across the globe.
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)
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.
