Log in

NASDAQ:RNET - RigNet Stock Price, Forecast & News

$3.48
-0.16 (-4.40 %)
(As of 02/16/2020 04:00 PM ET)
Add
Today's Range
$3.45
Now: $3.48
$3.69
50-Day Range
$3.48
MA: $5.29
$6.64
52-Week Range
$3.45
Now: $3.48
$16.15
Volume69,934 shs
Average VolumeN/A
Market CapitalizationN/A
P/E RatioN/A
Dividend YieldN/A
BetaN/A
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. Read More…

Industry, Sector and Symbol

Industry N/A
Sub-IndustryOil & Gas Equipment & Services
SectorN/A
Current SymbolNASDAQ:RNET
CUSIP76658210
WebN/A
PhoneN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

Employees604
Next Earnings Date3/12/2020 (Estimated)
OptionableOptionable

Receive RNET News and Ratings via Email

Sign-up to receive the latest news and ratings for RNET and its competitors with MarketBeat's FREE daily newsletter.


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, May, 6th. The Wireless communications provider reported ($0.63) earnings per share for the quarter, missing the consensus estimate of ($0.22) by $0.41. The Wireless communications provider had revenue of $57.51 million for the quarter. View RigNet's Earnings History.

When is RigNet's next earnings date?

RigNet is scheduled to release their next quarterly earnings announcement on Thursday, March 12th 2020. View Earnings Estimates for RigNet.

What price target have analysts set for RNET?

2 equities research analysts have issued twelve-month price objectives for RigNet's stock. Their forecasts range from $20.00 to $20.00. On average, they expect RigNet's share price to reach $20.00 in the next twelve months. This suggests a possible upside of 474.7% 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for RigNet.

Has RigNet been receiving favorable news coverage?

News stories about RNET stock have trended somewhat positive on Sunday, InfoTrie reports. InfoTrie scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. RigNet earned a daily sentiment score of 2.0 on InfoTrie's scale. They also gave news stories about the Wireless communications provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for RigNet.

Are investors shorting RigNet?

RigNet saw a increase in short interest during the month of January. As of January 15th, there was short interest totalling 662,300 shares, an increase of 36.6% from the December 31st total of 485,000 shares. Based on an average trading volume of 48,200 shares, the days-to-cover ratio is presently 13.7 days. Approximately 4.8% of the company's shares are sold short. View RigNet's Current Options Chain.

Who are some of RigNet's key competitors?

What other stocks do shareholders of RigNet own?

Based on aggregate information from My MarketBeat watchlists, some companies that other RigNet investors own include FLIR Systems (FLIR), Enbridge (ENB), Valero Energy (VLO), Exxon Mobil (XOM), Baidu (BIDU), Callon Petroleum (CPE), IBM (IBM), Occidental Petroleum (OXY), Corbus Pharmaceuticals (CRBP) and Amicus Therapeutics (FOLD).

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 investors include FMR LLC (14.76%), ArrowMark Colorado Holdings LLC (14.16%), Punch & Associates Investment Management Inc. (3.78%), Renaissance Technologies LLC (2.78%), Kopion Asset Management LLC (2.48%) and State Street Corp (1.33%). 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 major investors are selling RigNet stock?

RNET stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Russell Investments Group Ltd., FMR LLC and Charles Schwab Investment Management Inc.. 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 Kopion Asset Management LLC, ArrowMark Colorado Holdings LLC, Renaissance Technologies LLC, Barclays PLC, UBS Group AG, State Street Corp and Punch & Associates Investment Management Inc.. 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, Robinhood, Fidelity and Charles Schwab.

What is RigNet's stock price today?

One share of RNET stock can currently be purchased for approximately $3.48.


MarketBeat Community Rating for RigNet (NASDAQ RNET)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  276 (Vote Outperform)
Underperform Votes:  285 (Vote Underperform)
Total Votes:  561
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 2/16/2020 by MarketBeat.com Staff

Featured Article: Stock Portfolio Tracker

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel