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
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 Ratio-16.62
Forward P/E Ratio-18.52
P/E GrowthN/A
Sales & Book Value
Annual Sales$204.89 million
Price / Sales1.12
Cash Flow$0.9975 per share
Price / Cash11.88
Book Value$5.89 per share
Price / Book2.01
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
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 data on Monday, May, 7th. The Wireless communications provider reported ($0.25) earnings per share 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?
What price target have analysts set for RNET?
4 brokers have issued twelve-month price objectives for RigNet's shares. Their forecasts range from $15.00 to $19.00. On average, they anticipate RigNet's stock price to reach $17.50 in the next twelve months. 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), B Communications (BCOM), Global Eagle Entertainment (ENT), Remark (MARK), Lithium Co.. (LTUM), Dropcar (DCAR), Directview (DIRV), Plaintree Systems (PTEEF), China Teletech (CNCT), Towerstream (TWER), 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. Jay T. Hilbert, Sr. VP of Sales & Marketing (Age 58)
- Mr. Edward Traupman, VP of Systems Integration & Global Customer Care (Age 67)
- Mr. William D. Sutton, Consultant (Age 64)
- Ms. Tonya Maumus McDermott, Interim CFO and VP of Tax & Treasury (Age 48)
Has RigNet been receiving favorable news coverage?
News stories about RNET stock have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. RigNet earned a media sentiment score of 0.07 on Accern's scale. They also assigned media stories about the Wireless communications provider an impact score of 46.90 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.
Who are RigNet's major shareholders?
RigNet's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (4.70%), Stephens Investment Management Group LLC (2.82%), Dimensional Fund Advisors LP (2.67%), Punch & Associates Investment Management Inc. (2.49%), JPMorgan Chase & Co. (2.08%) and Mackay Shields LLC (0.16%). Company insiders that own RigNet stock include Charles E Schneider, Charles Louis Iv Davis 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 JPMorgan Chase & Co., Stephens Investment Management Group LLC, BlackRock Inc. and Citigroup Inc.. View Insider Buying and Selling for RigNet.
Which major investors are buying RigNet stock?
RNET stock was purchased by a variety of institutional investors in the last quarter, including Punch & Associates Investment Management Inc., Dimensional Fund Advisors LP, Mackay Shields LLC and Matarin Capital Management 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 $11.85.
How big of a company is RigNet?
RigNet has a market capitalization of $235.27 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 (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.
