NASDAQ:RNET - RigNet Stock Price, Price Target & More

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$11.00 +0.05 (+0.46 %)
(As of 07/22/2018 10:44 AM ET)
Previous Close$11.00
Today's Range$10.95 - $11.20
52-Week Range$10.02 - $19.50
Volume15,959 shs
Average Volume62,630 shs
Market Capitalization$213 million
P/E RatioN/A
Dividend YieldN/A
Beta0.89
RigNet logoRigNet, 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.

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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 Ratio0.46
Current Ratio1.95
Quick Ratio1.95

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$204.89 million
Price / Sales1.04
Cash Flow$1.0223 per share
Price / Cash10.76
Book Value$5.89 per share
Price / Book1.87

Profitability

EPS (Most Recent Fiscal Year)($0.71)
Net Income$-16,170,000.00
Net Margins-9.38%
Return on Equity-13.83%
Return on Assets-6.59%

Miscellaneous

Employees503
Outstanding Shares19,360,000
Market Cap$213.00

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 Monday, May, 7th. The Wireless communications provider reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by $0.09. The Wireless communications provider had revenue of $53.83 million for the quarter. RigNet had a negative return on equity of 13.83% and a negative net margin of 9.38%. View RigNet's Earnings History.

When is RigNet's next earnings date?

RigNet is scheduled to release their next quarterly earnings announcement on Monday, August, 6th 2018. View Earnings Estimates for RigNet.

What price target have analysts set for RNET?

3 equities research analysts have issued 1 year price targets for RigNet's shares. Their forecasts range from $15.00 to $19.00. On average, they anticipate RigNet's share price to reach $17.00 in the next year. This suggests a possible upside of 54.5% from the stock's current price. View Analyst Ratings for RigNet.

What is the consensus analysts' recommendation for RigNet?

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

Who are some of RigNet's key competitors?

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?

Media stories about RNET stock have been trending somewhat positive on Sunday, Accern Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. RigNet earned a news impact score of 0.12 on Accern's scale. They also assigned news coverage about the Wireless communications provider an impact score of 44.19 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

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 $11.00.

How big of a company is RigNet?

RigNet has a market capitalization of $213 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)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  190 (Vote Outperform)
Underperform Votes:  192 (Vote Underperform)
Total Votes:  382
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 7/22/2018 by MarketBeat.com Staff

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