NASDAQ:RNET - RigNet Stock Price, News, & Analysis

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$8.07 +0.02 (+0.25 %)
(As of 05/22/2019 04:50 AM ET)
Previous Close$8.05
Today's Range$7.96 - $8.18
52-Week Range$7.96 - $24.05
Volume29,200 shs
Average Volume42,778 shs
Market Capitalization$159.07 million
P/E RatioN/A
Dividend YieldN/A
Beta1.63
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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Industry, Sector and Symbol

Industry Communication services, not elsewhere classified
Sub-IndustryOil & Gas Equipment & Services
SectorComputer and Technology
Current SymbolNASDAQ:RNET
CUSIP76658210
Phone281-674-0100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$238.85 million
Cash Flow$1.0760 per share
Book Value$2.39 per share

Profitability

Net Income$-62,450,000.00

Miscellaneous

Employees604
Market Cap$159.07 million
Next Earnings Date8/5/2019 (Estimated)
OptionableOptionable

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) announced its quarterly earnings results on Monday, May, 6th. The Wireless communications provider reported ($0.63) earnings per share for the quarter, missing analysts' consensus estimates of ($0.22) by $0.41. The Wireless communications provider had revenue of $57.51 million for the quarter. RigNet had a negative return on equity of 25.06% and a negative net margin of 28.36%. 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 5th 2019. View Earnings Estimates for RigNet.

What price target have analysts set for RNET?

1 analysts have issued twelve-month target prices for RigNet's stock. Their predictions range from $24.00 to $24.00. On average, they anticipate RigNet's stock price to reach $24.00 in the next twelve months. This suggests a possible upside of 197.4% from the stock's current price. View Analyst Price Targets for RigNet.

What is the consensus analysts' recommendation 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.

Has RigNet been receiving favorable news coverage?

News articles about RNET stock have trended neutral on Wednesday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. RigNet earned a news impact score of 0.2 on InfoTrie's scale. They also gave headlines about the Wireless communications provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the next several days.

Who are some of RigNet's key competitors?

What other stocks do shareholders of RigNet own?

Who are RigNet's key executives?

RigNet's management team includes the folowing 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)

Who are RigNet's major shareholders?

RigNet's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include FMR LLC (14.62%), ArrowMark Colorado Holdings LLC (12.56%), BlackRock Inc. (4.78%), Skandinaviska Enskilda Banken AB publ (4.16%), Dimensional Fund Advisors LP (3.48%) and Renaissance Technologies LLC (2.95%). 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.

Which institutional investors are selling RigNet stock?

RNET stock was sold by a variety of institutional investors in the last quarter, including ArrowMark Colorado Holdings LLC, Skandinaviska Enskilda Banken AB publ , BlackRock Inc., Boston Partners, FMR LLC, Renaissance Technologies LLC, Morgan Stanley and Parametric Portfolio Associates 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.

Which institutional investors are buying RigNet stock?

RNET stock was bought by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, JPMorgan Chase & Co., Punch & Associates Investment Management Inc., Wells Fargo & Company MN and BNP Paribas Arbitrage SA. 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.

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 $8.07.

How big of a company is RigNet?

RigNet has a market capitalization of $159.07 million and generates $238.85 million in revenue each year. RigNet employs 604 workers across the globe.

What is RigNet's official website?

The official website for RigNet is http://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]


MarketBeat Community Rating for RigNet (NASDAQ RNET)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  238 (Vote Outperform)
Underperform Votes:  239 (Vote Underperform)
Total Votes:  477
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 5/22/2019 by MarketBeat.com Staff

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