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

$15.15 -0.10 (-0.66 %)

(As of 04/23/2018 01:18 PM ET)

Previous Close$15.25

Today's Range$15.00 - $15.35

52-Week Range$12.70 - $21.35

Volume3,616 shs

Average Volume27,749 shs

Market Capitalization$280.61 million

P/E Ratio-21.41

Dividend YieldN/A

Beta0.93

About RigNet (NASDAQ:RNET)

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.

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Industry, Sector and Symbol

Industry Communication services, not elsewhere classified

Sub-IndustryOil & Gas Equipment & Services

SectorComputer and Technology

SymbolNASDAQ:RNET

CUSIP76658210

Webwww.rig.net

Phone281-674-0100

Debt

Debt-to-Equity Ratio0.50%

Current Ratio2.11%

Quick Ratio2.11%

Price-To-Earnings

Trailing P/E Ratio-21.41

Forward P/E Ratio-23.67

P/E GrowthN/A

Sales & Book Value

Annual Sales$204.89 million

Price / Sales1.36

Cash Flow$1.0161 per share

Price / Cash14.91

Book Value$5.89 per share

Price / Book2.57

Profitability

EPS (Most Recent Fiscal Year)($0.71)

Net Income$-16,170,000.00

Net Margins-7.92%

Return on Equity-11.51%

Return on Assets-5.62%

Miscellaneous

Employees503

Outstanding Shares18,400,000

How to Become a New Pot Stock Millionaire

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 (NASDAQ:RNET) announced its quarterly earnings results on Tuesday, March, 6th. The Wireless communications provider reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.15) by $0.06. The Wireless communications provider had revenue of $56.81 million for the quarter, compared to analyst estimates of $51 million. RigNet had a negative net margin of 7.92% and a negative return on equity of 11.51%. View RigNet's Earnings History.

When is RigNet's next earnings date?

RigNet is scheduled to release their next quarterly earnings announcement on Monday, May, 7th 2018. View Earnings Estimates for RigNet.

What price target have analysts set for RNET?

3 Wall Street analysts have issued 1-year price objectives for RigNet's shares. Their predictions range from $15.00 to $19.00. On average, they anticipate RigNet's share price to reach $17.00 in the next year. View Analyst Ratings for RigNet.

Who are some of RigNet's key competitors?

Some companies that are related to RigNet include Control4 (CTRL), Synchronoss Technologies (SNCR), Limelight Networks (LLNW), XO Group (XOXO), Ribbon Communications (RBBN), Bandwidth (BAND), Photronics (PLAB), QuinStreet (QNST), Emis Group (EMIS), Model N (MODN), Aquantia (AQ), Castlight Health (CSLT), Quantenna Communications (QTNA), MobileIron (MOBL), USA Technologies (USAT), Frontier Developments (FDEV), Gilat Satellite Networks (GILT) and pdvWireless (PDVW).

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 coverage about RNET stock has trended positive on Monday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. RigNet earned a news impact score of 0.25 on Accern's scale. They also assigned news headlines about the Wireless communications provider an impact score of 44.99 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.

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 $15.15.

How big of a company is RigNet?

RigNet has a market capitalization of $280.61 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)

Community Ranking:		2.5 out of 5 ( )
Outperform Votes:		173 (Vote Outperform)
Underperform Votes:		167 (Vote Underperform)
Total Votes:		340

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.

RigNet (NASDAQ:RNET) Price Target and Consensus Rating

(How are Consensus Ratings Calculated?)

3 Wall Street analysts have issued ratings and price targets for RigNet in the last 12 months. Their average twelve-month price target is $17.00, suggesting that the stock has a possible upside of 12.21%. The high price target for RNET is $19.00 and the low price target for RNET is $15.00. There are currently 3 hold ratings for the stock, resulting in a consensus rating of "Hold."

	Today	30 Days Ago	90 Days Ago	180 Days Ago
Consensus Rating:	Hold	Hold	Hold	Hold
Consensus Rating Score:	2.00	2.00	2.33	2.33
Ratings Breakdown:	0 Sell Rating(s) 3 Hold Rating(s) 0 Buy Rating(s) 0 Strong Buy Rating(s)	0 Sell Rating(s) 3 Hold Rating(s) 0 Buy Rating(s) 0 Strong Buy Rating(s)	0 Sell Rating(s) 2 Hold Rating(s) 1 Buy Rating(s) 0 Strong Buy Rating(s)	0 Sell Rating(s) 2 Hold Rating(s) 1 Buy Rating(s) 0 Strong Buy Rating(s)
Consensus Price Target:	$17.00	$17.00	$19.3333	$19.3333
Price Target Upside:	12.21% upside	17.65% upside	29.32% upside	29.32% upside

RigNet (NASDAQ:RNET) Consensus Price Target History

Price Target History for RigNet (NASDAQ:RNET)

RigNet (NASDAQ:RNET) Analyst Ratings History

Show:

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
3/8/2018	Wells Fargo	Set Price Target	Market Perform -> Hold	$18.00 -> $15.00	Low
8/16/2017	Piper Jaffray	Set Price Target	Hold	$17.00	Low
7/3/2017	Simmons	Boost Price Target	Neutral	$17.00 -> $19.00	Medium
3/11/2017	Jefferies Group	Reiterated Rating	Buy	$17.00 -> $22.00	N/A
8/17/2016	Oppenheimer	Reiterated Rating	Market Perform		N/A
6/28/2016	Sidoti	Upgrade	Neutral -> Buy	$14.00	N/A

(Data available from 4/23/2016 forward)

RigNet (NASDAQ:RNET) Earnings History and Estimates Chart

Earnings by Quarter for RigNet (NASDAQ:RNET)

RigNet (NASDAQ:RNET) Earnings Estimates

2018 EPS Consensus Estimate: $0.44

Quarter	Number of Estimates	Low Estimate	High Estimate	Average Estimate
Q1 2018	1	$0.16	$0.16	$0.16
Q2 2018	1	$0.13	$0.13	$0.13
Q3 2018	1	$0.09	$0.09	$0.09
Q4 2018	1	$0.06	$0.06	$0.06

RigNet (NASDAQ RNET) Earnings History by Quarter

Date	Quarter	Consensus Estimate	Actual EPS	Revenue Estimate	Actual Revenue	Release Link	Conference Call
5/7/2018		($0.07)					N/A
3/6/2018	Q4 2017	($0.15)	($0.21)	$51.00 million	$56.81 million	View	N/A
11/6/2017	Q3 2017	($0.07)	($0.14)		$50.84 million	View	N/A
8/7/2017	Q2 2017	($0.06)	($0.24)	$49.37 million	$49.16 million	View	Listen
5/8/2017	Q1 2017	($0.13)	($0.11)	$49.46 million	$48.10 million	View	Listen
3/6/2017	Q4 2016	($0.09)	($0.21)	$48.21 million	$52.76 million	View	Listen
11/7/2016	Q3	($0.10)	($0.09)	$52.37 million	$50.60 million	View	Listen
8/8/2016	Q2	$0.02	($0.27)	$58.50 million	$54.91 million	View	N/A
5/9/2016	Q1	$0.06	$0.52	$58.91 million	$62.30 million	View	N/A
2/29/2016	Q4	$0.12	$0.03	$60.00 million	$52.19 million	View	Listen
11/9/2015	Q3	$0.26	($0.62)	$73.14 million	$66.32 million	View	N/A
8/4/2015	Q2	$0.26	$0.34	$76.10 million	$75.10 million	View	Listen
5/11/2015	Q115	$0.26	($0.06)	$81.48 million	$77.70 million	View	Listen
3/3/2015	Q414	$0.34	$0.78	$88.20 million	$86.70 million	View	Listen
11/4/2014	Q314	$0.38	$0.34	$84.70 million	$87.82 million	View	N/A
8/4/2014	Q214	$0.32	$0.35	$80.79 million	$80.70 million	View	N/A
5/12/2014	Q114	$0.27	$0.25	$66.26 million	$75.00 million	View	N/A
3/5/2014	Q413	$0.26	$0.38	$57.84 million	$59.70 million	View	N/A
11/4/2013	Q313	$0.28	$0.29	$54.33 million	$56.90 million	View	N/A
8/5/2013	Q2 2013		$0.28	$33.50 million	$51.30 million	View	N/A
5/6/2013	Q1 2013	$0.23	$0.22	$50.37 million	$52.82 million	View	N/A
3/7/2013	Q4 2012	$0.23	$0.20			View	N/A
11/8/2012	Q312	$0.20	$0.19	$32.00 million	$47.90 million	View	N/A
8/6/2012	Q2 2012	$0.20	$0.21			View	N/A
5/9/2012	Q1 2012	$0.17	$0.14			View	N/A
3/7/2012	Q4 2011	$0.19	$0.12			View	N/A
11/9/2011	Q3 2011	$0.16	$0.32			View	N/A
8/10/2011	Q2 2011	$0.13	$0.13			View	N/A
3/28/2011	Q4 2010	$0.07	$0.09			View	N/A

(Earnings results data provided by Zacks Investment Research)

RigNet (NASDAQ:RNET) Dividend History by Quarter

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date

(Data available from 1/1/2013 forward)

RigNet (NASDAQ RNET) Insider Trading and Institutional Ownership History

Insider Ownership Percentage: 2.30%
Institutional Ownership Percentage: 90.92%

Insider Trading History for RigNet (NASDAQ:RNET)

Institutional Ownership by Quarter for RigNet (NASDAQ:RNET)

RigNet (NASDAQ RNET) Insider Trading History

Transaction Date	Insider Name	Title	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
3/28/2018	Charles Louis Iv Davis	Director	Sell	12,000	$13.45	$161,400.00	28,313
3/19/2018	Charles Louis Iv Davis	Director	Sell	8,000	$13.51	$108,080.00	32,313
9/6/2017	Charles Louis Iv Davis	Director	Sell	3,000	$16.25	$48,750.00	40,313
5/24/2017	Charles Louis Iv Davis	Director	Sell	1,750	$16.87	$29,522.50	43,313
3/28/2017	Charles Louis Iv Davis	Director	Sell	1,500	$19.85	$29,775.00	37,406
3/24/2017	Charles E. Schneider	CFO	Sell	2,280	$19.88	$45,326.40
3/22/2017	Charles E. Schneider	CFO	Sell	4,220	$20.31	$85,708.20
9/2/2016	Kevin C Mulloy	Director	Sell	3,650	$12.14	$44,311.00	52
5/31/2016	Kevin C Mulloy	Director	Sell	3,700	$12.80	$47,360.00	3,702
5/27/2016	Martin L Jimmerson	CEO	Sell	29,192	$12.51	$365,191.92	67,932
5/26/2016	Charles Louis Iv Davis	Director	Sell	3,500	$12.42	$43,470.00	42,406
5/26/2016	Martin L Jimmerson	CEO	Sell	28,683	$12.59	$361,118.97	39,674
3/29/2016	Charles Louis Iv Davis	Director	Sell	3,907	$15.49	$60,519.43	45,906
12/9/2015	Charles Louis Iv Davis	Director	Sell	10,000	$20.96	$209,600.00	45,906
12/3/2015	Charles Louis Iv Davis	Director	Sell	2,000	$22.15	$44,300.00	55,906
9/2/2015	William D Sutton	VP	Sell	3,444	$27.84	$95,880.96	17,282
8/11/2015	James H Browning	Director	Buy	2,000	$27.00	$54,000.00
3/23/2015	Mark B Slaughter	CEO	Buy	2,000	$28.65	$57,300.00
3/9/2015	Martin L Jimmerson	CFO	Sell	2,000	$27.81	$55,620.00
3/6/2015	William D Sutton	VP	Sell	2,030	$29.33	$59,539.90
12/11/2014	Kevin C Mulloy	Director	Sell	1,100	$38.44	$42,284.00
12/10/2014	Keith Olsen	Director	Sell	1,000	$40.73	$40,730.00
9/11/2014	Kevin C Mulloy	Director	Sell	1,000	$45.88	$45,880.00
9/9/2014	Keith Olsen	Director	Sell	1,000	$46.19	$46,190.00
6/10/2014	Keith Olsen	Director	Sell	1,000	$49.67	$49,670.00
6/9/2014	Hansen Morten Hagland	VP	Sell	15,515	$50.00	$775,750.00
4/1/2014	William Sutton	VP	Sell	5,000	$53.42	$267,100.00	20,436
3/26/2014	Mark Slaughter	CEO	Sell	25,000	$54.63	$1,365,750.00	39,396
3/19/2014	Martin Jimmerson	CFO	Sell	25,000	$55.25	$1,381,250.00	22,371
3/11/2014	Keith Olsen	Director	Sell	1,000	$53.78	$53,780.00	8,469
3/6/2014	James Crenshaw	VP	Sell	3,414	$56.48	$192,822.72	6,281
11/20/2013	Kevin Mulloy	Director	Sell	1,400	$38.74	$54,236.00	4,518
10/22/2013	Mark B Slaughter	CEO	Sell	35,000	$40.79	$1,427,650.00
8/22/2013	Charles Louis Iv Davis	Director	Sell	1,800	$33.42	$60,156.00	54,127
8/9/2013	Brent Whittington	Director	Buy	1,800	$27.84	$50,112.00	14,669
5/15/2013	Charles Louis Iv Davis	Director	Sell	2,750	$24.65	$67,787.50
2/5/2013	Mark B Slaughter	CEO	Sell	2,674	$22.00	$58,828.00
2/5/2013	Martin L Jimmerson	CFO	Sell	1,226	$22.00	$26,972.00

(Data available from 1/1/2013 forward)

RigNet (NASDAQ RNET) News Headlines

Source:

Date	Headline
	RigNet (RNET) and Intelsat (I) Head-To-Head Analysis www.americanbankingnews.com - April 23 at 3:34 AM
	-$0.18 EPS Expected for RigNet (RNET) This Quarter www.americanbankingnews.com - April 21 at 3:22 PM
	RigNet (RNET) Upgraded to Sell by BidaskClub www.americanbankingnews.com - April 19 at 12:49 PM
	BRIEF-Rignet Announces Acquisitions In Energy Sector www.reuters.com - April 18 at 4:54 PM
	RigNet Announces Acquisitions in Energy Sector finance.yahoo.com - April 18 at 9:16 AM
	RigNet (RNET) Upgraded by ValuEngine to Hold www.americanbankingnews.com - April 16 at 7:35 PM
	Zacks: Analysts Expect RigNet (RNET) to Announce -$0.18 EPS www.americanbankingnews.com - April 4 at 3:14 PM
	RigNet (RNET) Rating Lowered to Sell at Zacks Investment Research www.americanbankingnews.com - April 4 at 1:52 PM
	Directview (DIRV) vs. RigNet (RNET) Head-To-Head Analysis www.americanbankingnews.com - April 2 at 5:34 AM
	RigNet (RNET) Receives Average Rating of "Hold" from Brokerages www.americanbankingnews.com - March 31 at 7:34 PM
	RigNet (RNET) Lifted to Buy at BidaskClub www.americanbankingnews.com - March 29 at 12:34 AM
	Insider Selling: RigNet (RNET) Director Sells 12,000 Shares of Stock www.americanbankingnews.com - March 28 at 10:46 PM
	RigNet (RNET) Research Coverage Started at Wells Fargo www.americanbankingnews.com - March 26 at 3:42 PM
	RigNet Announces Closing of Intelie Acquisition feeds.benzinga.com - March 26 at 9:37 AM
	RigNet (RNET) Cut to "Sell" at BidaskClub www.americanbankingnews.com - March 25 at 9:50 AM
	RigNet (RNET) vs. Its Competitors Head to Head Review www.americanbankingnews.com - March 24 at 9:09 PM
	RigNet (RNET) Upgraded to "Sell" at BidaskClub www.americanbankingnews.com - March 24 at 6:46 PM
	RigNet Inc (RNET) Director Sells $108,080.00 in Stock www.americanbankingnews.com - March 20 at 1:23 PM
	Head-To-Head Survey: RigNet (RNET) versus The Competition www.americanbankingnews.com - March 20 at 1:30 AM
	Edited Transcript of RNET earnings conference call or presentation 7-Mar-18 4:00pm GMT finance.yahoo.com - March 18 at 9:10 AM
	RigNet (RNET) Lifted to Sell at ValuEngine www.americanbankingnews.com - March 10 at 7:42 PM
	RigNet (RNET) Price Target Lowered to $15.00 at Wells Fargo & Co www.americanbankingnews.com - March 8 at 5:20 PM
	RigNet Inc.'s Revenue Keeps Growing Even as Its Losses Pile Up finance.yahoo.com - March 7 at 5:29 PM
	RigNet Inc (RNET) Given Average Recommendation of "Hold" by Analysts www.americanbankingnews.com - March 6 at 9:46 PM
	RigNet Announces Fourth Quarter and Full Year 2017 Earnings Results finance.yahoo.com - March 6 at 4:58 PM
	RigNet (RNET) Stock Rating Lowered by ValuEngine www.americanbankingnews.com - March 4 at 3:19 PM
	RigNet Announces Fourth Quarter and Full-Year 2017 Earnings Release Date and Conference Call Information finance.yahoo.com - March 1 at 8:59 AM
	BRIEF-Rignet Says On Feb. 21 Co Appointed Tonya McDermott As Interim CFO www.reuters.com - February 26 at 5:07 PM
	RigNet (RNET) Set to Announce Quarterly Earnings on Monday www.americanbankingnews.com - February 26 at 3:54 AM
	RigNet (RNET) Upgraded to Sell at BidaskClub www.americanbankingnews.com - February 24 at 11:18 AM
	RigNet (RNET) Rating Lowered to Strong Sell at BidaskClub www.americanbankingnews.com - February 17 at 1:52 PM
	RigNet Inc (RNET) Receives Consensus Recommendation of "Hold" from Brokerages www.americanbankingnews.com - February 9 at 9:28 PM
	RigNet (RNET) Rating Lowered to Hold at BidaskClub www.americanbankingnews.com - January 31 at 9:52 PM
	BRIEF-RigNet Announces Acquisition Of Intelie www.reuters.com - January 18 at 3:28 PM
	RigNet (RNET) Announces Acquisition of Intelie www.streetinsider.com - January 17 at 11:32 AM
	RigNet Announces Acquisition of Intelie, a Provider of Real-Time Streaming Analytics and Operational Intelligence finance.yahoo.com - January 17 at 11:32 AM
	RigNet Inc (RNET) Receives Average Recommendation of "Hold" from Brokerages www.americanbankingnews.com - January 15 at 9:42 PM
	RigNet (RNET) Appoints Gail Smith to Board www.streetinsider.com - January 12 at 3:24 PM
	Gail Smith Joins RigNet’s Board of Directors finance.yahoo.com - January 11 at 8:50 AM
	RigNet (RNET) Upgraded at BidaskClub www.americanbankingnews.com - January 7 at 2:08 PM
	RigNet (RNET) Lowered to "Sell" at BidaskClub www.americanbankingnews.com - December 30 at 1:26 PM
	RigNet (RNET) Rating Increased to Hold at BidaskClub www.americanbankingnews.com - December 22 at 6:12 PM
	RigNet Inc (RNET) Given Average Rating of "Hold" by Brokerages www.americanbankingnews.com - December 21 at 9:24 PM
	RigNet Announces Executive Leadership Change finance.yahoo.com - December 21 at 3:28 PM
	Reviewing Keane Group (FRAC) and RigNet (RNET) www.americanbankingnews.com - December 18 at 8:18 AM
	Select Egy Svcs (WTTR) versus RigNet (RNET) Head to Head Comparison www.americanbankingnews.com - December 11 at 3:34 PM
	RigNet (RNET) Upgraded by BidaskClub to Hold www.americanbankingnews.com - December 11 at 12:52 AM
	Here’s Why RigNet, Inc.'s Slide Continued in November www.msn.com - December 7 at 3:28 PM
	Here’s Why RigNet, Inc.'s Slide Continued in November finance.yahoo.com - December 7 at 3:28 PM
	Comparing RigNet (RNET) & Keane Group (FRAC) www.americanbankingnews.com - December 1 at 3:32 AM

RigNet (NASDAQ:RNET) SEC Filings

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RigNet (NASDAQ:RNET) Income Statement, Balance Sheet and Cash Flow Statement

RigNet (NASDAQ RNET) Stock Chart for Monday, April, 23, 2018

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This page was last updated on 4/23/2018 by MarketBeat.com Staff