NASDAQ:RNET

RigNet Stock Forecast, Price & News

Notice: This company has been marked as potentially delisted and may not be actively trading.

$9.60

0.00 (0.00%)

(As of 05/7/2021)

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Today's Range: $9.60
▼
$9.60
50-Day Range: $8.52
▼
$9.82
52-Week Range: $0.82
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$11.19

Volume: N/A
Average Volume: 171,020 shs
Market Capitalization: $201.75 million

P/E Ratio: N/A
Dividend Yield: N/A
Beta: 2.55

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About RigNet

RigNet, Inc. is a technology company, which engages in the provision of customized communications services, applications, and cybersecurity solutions. It operates through the following segments: Managed Communications Services, Applications & Internet-of-Things, Systems Integration and Corporate. The Managed Communications Services segment comprises remote communications, telephony, and technology services for offshore and onshore drilling rigs and production facilities, support vessels, and other remote sites. The Applications & Internet-of-Things segment provides applications over-the-top of the network layer including Software as a Service (SaaS) offerings such as a real-time machine learning and AI data platform, edge computing solution services. The Systems Integration segment gives design and implementation services for customer telecommunications systems. The Corporate segment consists of unallocated executive and support activities, interest expense, income taxes and eliminations. RigNet was founded by Omar Kulbrandstad in 2000 and is headquartered in Houston, TX.

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Communication services, not elsewhere classified
Sub-Industry: Oil & Gas Equipment & Services
Sector: Computer and Technology
Current Symbol: NASDAQ:RNET
Previous Symbol
CUSIP: 76658210
CIK: 1162112
Web: www.rig.net
Phone: (281) 674-0100
Fax: N/A
Employees: 625
Year Founded: N/A

Sales & Book Value

Annual Sales: $242.93 million
Price / Sales: 0.83
Cash Flow: $0.65 per share
Price / Cash Flow: 14.77
Book Value: $2.35 per share
Price / Book: 4.09

Profitability

EPS (Most Recent Fiscal Year): N/A
Net Income: $-19.16 million
Net Margins: -16.51%
Pretax Margin: N/A
Return on Equity: -200.81%
Return on Assets: -18.67%

Debt

Debt-to-Equity Ratio: 13.96
Current Ratio: 1.44
Quick Ratio: 1.44

Price-To-Earnings

Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A

Miscellaneous

Outstanding Shares: 21,016,000
Free Float: N/A
Market Cap: $201.75 million
Optionable: Optionable

Company Calendar

Last Earnings: 3/15/2021
Today: 1/25/2022

MarketRank^™

Overall MarketRank^™

1.21 out of 5 stars

Computer And Technology Sector

786th out of 895 stocks

Communication Services, Not Elsewhere Classified Industry

14th out of 19 stocks

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for RigNet.

4.4 Community Rank

Outperform Votes
RigNet has received 285 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
RigNet has received 147 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
RigNet has received 65.97% “outperform” 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.

0.0 Dividend Strength

Dividend Yield
RigNet does not currently pay a dividend.
Dividend Growth
RigNet does not have a long track record of dividend growth.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, RigNet insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.50% of the stock of RigNet is held by insiders.
Percentage Held by Institutions
71.33% of the stock of RigNet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of RigNet is -5.25, 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. Sector
The P/E ratio of RigNet is -5.25, 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 Ratio
RigNet has a P/B Ratio of 4.09. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

RigNet (NASDAQ:RNET) Frequently Asked Questions

How were RigNet's earnings last quarter?: RigNet, Inc. (NASDAQ:RNET) announced its quarterly earnings results on Monday, March, 15th. The Wireless communications provider reported ($0.44) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.35) by $0.09. The Wireless communications provider earned $47.05 million during the quarter. RigNet had a negative net margin of 16.51% and a negative trailing twelve-month return on equity of 200.81%.
View RigNet's earnings history.
Who are RigNet's key executives?: RigNet's management team includes the following people:
Steven E. Pickett, President, Chief Executive Officer & Director
Errol J. Olivier, Chief Operating Officer & Senior Vice President
Lee Michael Ahlstrom, Chief Financial Officer & Senior Vice President
Brendan Sullivan, Chief Technology & Information Officer
Brad Eastman, Senior Vice President & General Counsel
What is Steven E. Pickett's approval rating as RigNet's CEO?: 30 employees have rated RigNet CEO Steven E. Pickett on Glassdoor.com. Steven E. Pickett has an approval rating of 42% among RigNet's employees. This puts Steven E. Pickett in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.
Who are some of RigNet's key competitors?: Some companies that are related to RigNet include Schlumberger (SLB), Halliburton (HAL), NOV (NOV), TechnipFMC (FTI), Oceaneering International (OII), RPC (RES), Dril-Quip (DRQ), Tidewater (TDW), Helix Energy Solutions Group (HLX), TETRA Technologies (TTI), Oil States International (OIS), Newpark Resources (NR), Matrix Service (MTRX), Natural Gas Services Group (NGS) and Geospace Technologies (GEOS).
View all of RNET's 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), Boeing (BA), Intel (INTC), B2Gold (BTG), Novavax (NVAX), Transocean (RIG), Skyworks Solutions (SWKS), Micron Technology (MU) and Valero Energy (VLO).
What is RigNet's stock symbol?: RigNet trades on the NASDAQ under the ticker symbol "RNET."
What is RigNet's stock price today?: One share of RNET stock can currently be purchased for approximately $9.60.
How much money does RigNet make?: RigNet has a market capitalization of $201.75 million and generates $242.93 million in revenue each year.
How many employees does RigNet have?: RigNet employs 625 workers across the globe.
What is RigNet's official website?: The official website for RigNet is www.rig.net.
Where are RigNet's headquarters?: RigNet is headquartered at 15115 PARK ROW BOULEVARD SUITE 300, HOUSTON TX, 77084.
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 1/25/2022 by MarketBeat.com Staff

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RigNet Stock Forecast, Price & News

About RigNet

Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

Company Calendar

MarketRank™

Overall MarketRank™

0.0 Analyst's Opinion

4.4 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment

0.0 Dividend Strength

1.7 Company Ownership

0.0 Earnings and Valuation

RigNet (NASDAQ:RNET) Frequently Asked Questions

How were RigNet's earnings last quarter?

Who are RigNet's key executives?

What is Steven E. Pickett's approval rating as RigNet's CEO?

Who are some of RigNet's key competitors?

What other stocks do shareholders of RigNet own?

What is RigNet's stock symbol?

What is RigNet's stock price today?

How much money does RigNet make?

How many employees does RigNet have?

What is RigNet's official website?

Where are RigNet's headquarters?

How can I contact RigNet?

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