Log in

NASDAQ:RNETRigNet Stock Price, Forecast & News

$1.82
+0.02 (+1.11 %)
(As of 07/6/2020 04:00 PM ET)
Add
Compare
Today's Range
$1.71
Now: $1.82
$1.87
50-Day Range
$0.84
MA: $1.67
$3.49
52-Week Range
$0.77
Now: $1.82
$11.34
Volume145,500 shs
Average Volume1.24 million shs
Market Capitalization$36.36 million
P/E RatioN/A
Dividend YieldN/A
Beta1.61
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
RigNet logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.48 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$242.93 million
Cash Flow$0.43 per share
Book Value$2.35 per share

Profitability

Net Income$-19,160,000.00

Miscellaneous

Employees604
Market Cap$36.36 million
Next Earnings Date8/3/2020 (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

How has RigNet's stock been impacted by COVID-19 (Coronavirus)?

RigNet's stock was trading at $3.47 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, RNET shares have decreased by 48.1% and is now trading at $1.80. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of RigNet?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RigNet in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for RigNet.

When is RigNet's next earnings date?

RigNet is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for RigNet.

How were RigNet's earnings last quarter?

RigNet Inc (NASDAQ:RNET) issued its quarterly earnings data on Friday, May, 8th. The Wireless communications provider reported ($1.34) EPS for the quarter, missing the consensus estimate of ($0.57) by $0.77. The Wireless communications provider earned $58.76 million during the quarter. RigNet had a negative return on equity of 100.04% and a negative net margin of 13.83%. View RigNet's earnings history.

What price target have analysts set for RNET?

2 Wall Street analysts have issued 1-year target prices for RigNet's stock. Their forecasts range from $20.00 to $20.00. On average, they anticipate RigNet's share price to reach $20.00 in the next year. This suggests a possible upside of 1,011.1% from the stock's current price. View analysts' price targets for RigNet.

Has RigNet been receiving favorable news coverage?

News stories about RNET stock have been trending negative on Tuesday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. RigNet earned a news sentiment score of -2.1 on InfoTrie's scale. They also gave news headlines about the Wireless communications provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news about RigNet.

Are investors shorting RigNet?

RigNet saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 899,700 shares, an increase of 67.6% from the June 15th total of 536,900 shares. Based on an average daily volume of 606,700 shares, the days-to-cover ratio is currently 1.5 days. Approximately 6.1% of the shares of the company are short sold. 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 Ring Energy (REI), Ring Energy (REI), B2Gold (BTG), Advanced Micro Devices (AMD), FLIR Systems (FLIR), Intel (INTC), SSR Mining (SSRM), Bristol-Myers Squibb (BMY), Enbridge (ENB) and Gates Industrial (GTES).

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."

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 $1.80.

How big of a company is RigNet?

RigNet has a market capitalization of $35.96 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 7/7/2020 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.

  • Advanced Stock Screeners and Research Tools

    Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here

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.