NASDAQ:RNET RigNet Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding RigNet Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $4.49 -0.30 (-6.26 %) (As of 09/18/2020 12:00 AM ET) Add Compare Share Today's Range$4.49Now: $4.49▼$4.9950-Day Range$2.39MA: $4.02▼$5.6452-Week Range$0.77Now: $4.49▼$8.28Volume280,948 shsAverage Volume733,537 shsMarket Capitalization$92.29 millionP/E RatioN/ADividend YieldN/ABeta2.34 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 0.0 Analyst's Opinion Consensus RatingThere is not enough analysis data for RigNet. Previous Next 2.5 Community Rank Outperform VotesRigNet has received 285 “outperform” votes. (Add your “outperform” vote.)Underperform VotesRigNet has received 293 “underperform” votes. (Add your “underperform” vote.)Community SentimentRigNet has received 50.69% “underperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldRigNet does not currently pay a dividend.Dividend GrowthRigNet does not have a long track record of dividend growth. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, RigNet insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.50% of the stock of RigNet is held by insiders.Percentage Held by Institutions70.83% of the stock of RigNet is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of RigNet is -2.81, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of RigNet is -2.81, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioRigNet has a P/B Ratio of 1.91. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 0.0Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -Overall Beat the Market Rank™0.70 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Communication services, not elsewhere classified Sub-IndustryOil & Gas Equipment & Services SectorComputer and Technology Current SymbolNASDAQ:RNET Previous Symbol CUSIP76658210 CIK1162112 Webwww.rig.net Phone281-674-0100Debt Debt-to-Equity Ratio8.67 Current Ratio1.73 Quick Ratio1.73Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$242.93 million Price / Sales0.38 Cash Flow$0.42 per share Price / Cash Flow10.71 Book Value$2.35 per share Price / Book1.91Profitability EPS (Most Recent Fiscal Year)N/A Net Income$-19,160,000.00 Net Margins-13.44% Return on Equity-121.61% Return on Assets-15.52%Miscellaneous Employees604 Outstanding Shares20,554,000Market Cap$92.29 million Next Earnings Date11/5/2020 (Estimated) OptionableOptionable $4.49 -0.30 (-6.26 %) (As of 09/18/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart 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 How has RigNet's stock price been impacted by COVID-19 (Coronavirus)? RigNet's stock was trading at $3.47 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, RNET stock has increased by 29.4% and is now trading at $4.49. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of RigNet? 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RigNet in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for RigNet. When is RigNet's next earnings date? RigNet is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020. View our earnings forecast for RigNet. How were RigNet's earnings last quarter? RigNet Inc (NASDAQ:RNET) announced its quarterly earnings data on Thursday, August, 6th. The Wireless communications provider reported ($0.21) EPS for the quarter. The Wireless communications provider earned $53.39 million during the quarter. RigNet had a negative return on equity of 121.61% and a negative net margin of 13.44%. View RigNet's earnings history. Are investors shorting RigNet? RigNet saw a increase in short interest in July. As of July 31st, there was short interest totaling 812,100 shares, an increase of 57.5% from the July 15th total of 515,600 shares. Based on an average daily trading volume, of 1,590,000 shares, the days-to-cover ratio is presently 0.5 days. Currently, 5.5% of the shares of the stock are short sold. View RigNet's Short Interest. Who are some of RigNet's key competitors? Some companies that are related to RigNet include Schlumberger (SLB), Halliburton (HAL), National-Oilwell Varco (NOV), TechnipFMC (FTI), Dril-Quip (DRQ), RPC (RES), Seacor (CKH), Era Group (ERA), Helix Energy Solutions Group (HLX), Oceaneering International (OII), Tidewater (TDW), Matrix Service (MTRX), Oil States International (OIS), Newpark Resources (NR) and Natural Gas Services Group (NGS). View all 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 Advanced Micro Devices (AMD), NVIDIA (NVDA), Intel (INTC), B2Gold (BTG), Novavax (NVAX), Transocean (RIG), Skyworks Solutions (SWKS), Boeing (BA), Micron Technology (MU) and Valero Energy (VLO). Who are RigNet's key executives? RigNet's management team includes the following 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) What is RigNet's stock symbol? RigNet trades on the NASDAQ under the ticker symbol "RNET." Who are RigNet's major shareholders? RigNet's stock is owned by many different institutional and retail investors. Top institutional investors include ArrowMark Colorado Holdings LLC (13.42%), FMR LLC (7.85%), FMR LLC (7.63%), Kopion Asset Management LLC (7.14%), Bridgeway Capital Management Inc. (0.46%) and Jane Street Group LLC (0.38%). Company insiders that own RigNet stock include Keith Olsen and Kevin C Mulloy. 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 FMR LLC, FMR LLC, ArrowMark Colorado Holdings LLC, and Charles Schwab Investment Management Inc.. View insider buying and selling activity for RigNet. Which institutional investors are buying RigNet stock? RNET stock was bought by a variety of institutional investors in the last quarter, including Kopion Asset Management LLC, Jane Street Group LLC, Bridgeway Capital Management Inc., Commonwealth Equity Services LLC, and Goldman Sachs Group Inc.. View insider buying and selling activity 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 $4.49. How big of a company is RigNet? RigNet has a market capitalization of $92.29 million and generates $242.93 million in revenue each year. RigNet employs 604 workers across the globe. What is RigNet's official website? The official website for RigNet is 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] This page was last updated on 9/19/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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