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 (EPS) for the quarter, missing the consensus estimate of ($0.35) by $0.09. The Wireless communications provider earned $47.05 million during the quarter. RigNet had a negative trailing twelve-month return on equity of 200.81% and a negative net margin of 16.51%.

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

30 employees have rated RigNet Chief Executive Officer Steven E. Pickett on Glassdoor.com . Steven E. Pickett has an approval rating of 42% among the company's employees. This puts Steven E. Pickett in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

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) .

NASDAQ:RNET

RigNet (RNET) Stock Price, News & Analysis

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

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

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: N/A

Stock Analysis

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About RigNet Stock (NASDAQ:RNET)

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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RNET Stock News Headlines

October 24, 2023 | investing.com

RNET Historical Data

October 7, 2023 | finance.yahoo.com

Oilfield Communications Market To Reach USD 6.5 Billion By 2032 CAGR: 7.8%. Report By DataHorizzon Research

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 18, 2023 | thestreet.com

RigNet (RNET) Stock Declining Today After Oppenheimer Cut its Price Target

January 4, 2023 | thestreet.com

RigNet (RNET) Stock Slumping Today After Jefferies Price Target Cut

October 11, 2022 | morningstar.co.uk

IN BRIEF: Future Metals to start drilling campaign at Panton - Morningstar

August 19, 2022 | finance.yahoo.com

Edited Transcript of Maersk Drilling A/S earnings conference call or presentation 19-Aug-22 8:00am GMT - Yahoo Finance

August 18, 2022 | finance.yahoo.com

INTELIE by Viasat Joins Transocean, Intellilift to Accelerate Autonomous Well Construction as Partner in Joint Venture - Yahoo Finance

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

August 9, 2022 | nasdaq.com

ViaSat (VSAT) Q1 Loss Narrower Than Expected, Revenues Miss - Nasdaq

August 9, 2022 | streetinsider.com

Form 10-Q VIASAT INC For: Jun 30 - StreetInsider.com

August 8, 2022 | marketscreener.com

Viasat Shareholder Letter: Q1 Fiscal Year 2023 Financial Results - Marketscreener.com

July 27, 2022 | globenewswire.com

NSR's Satellite Capacity Report Sees Industry Moving Past - GlobeNewswire

July 27, 2022 | streetinsider.com

NSR's Satellite Capacity Report Sees Industry Moving Past COVID-19 Contraction to Drive $207B in Revenue Amidst Competition, Innovation and Risk-Taking - StreetInsider.com

June 24, 2022 | nasdaq.com

ViaSat (VSAT) Down 14.5% Since Last Earnings Report: Can It Rebound? - Nasdaq

May 31, 2022 | marketscreener.com

VIASAT INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-K) - Marketscreener.com

May 31, 2022 | marketscreener.com

Viasat : Annual Report (Form 10-K) - Marketscreener.com

May 26, 2022 | nasdaq.com

ViaSat (VSAT) Q4 2022 Earnings Call Transcript - Nasdaq

May 26, 2022 | fool.com

ViaSat (VSAT) Q4 2022 Earnings Call Transcript - The Motley Fool

May 25, 2022 | seekingalpha.com

Viasat dips 6% as it swings to loss, misses revenues in Q4 (NASDAQ:VSAT) - Seeking Alpha

April 1, 2022 | streetinsider.com

Form DEF 14A HERC HOLDINGS INC For: Dec 31 - StreetInsider.com

April 1, 2022 | law360.com

The Top In-House Hires Of March - Law360

March 29, 2022 | law360.com

Atlanta Tech Firm GreyOrange Taps Veteran Atty As GC - Law360

March 25, 2022 | finance.yahoo.com

GreyOrange Expands Leadership Team With New Finance & Legal Appointments - Yahoo Finance

March 15, 2022 | marketscreener.com

INDEPENDENCE CONTRACT DRILLING, INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-K) - Marketscreener.com

February 17, 2022 | marketscreener.com

Viasat : How operational AI is changing business - marketscreener.com

January 21, 2022 | businesswire.com

Afya Limited Announces Vice President of Innovation & Digital Services Transition Plan - Business Wire

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Company Calendar

Last Earnings: 3/15/2021
Today: 4/18/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Communication Services
Sub-Industry: Oil & Gas Equipment & Services
Current Symbol: NASDAQ:RNET
CUSIP: 76658210
CIK: 1162112
Web: www.rig.net
Phone: (281) 674-0100
Fax: N/A
Employees: 625
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-19,160,000.00
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

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

Miscellaneous

Outstanding Shares: 21,016,000
Free Float: N/A
Market Cap: $201.75 million
Optionable: Optionable
Beta: 2.55

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Key Executives

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

Key Competitors

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RNET Stock Analysis - 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 (EPS) for the quarter, missing the consensus estimate of ($0.35) by $0.09. The Wireless communications provider earned $47.05 million during the quarter. RigNet had a negative trailing twelve-month return on equity of 200.81% and a negative net margin of 16.51%.
What is Steven E. Pickett's approval rating as RigNet's CEO?: 30 employees have rated RigNet Chief Executive Officer Steven E. Pickett on Glassdoor.com. Steven E. Pickett has an approval rating of 42% among the company's employees. This puts Steven E. Pickett in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.
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).

This page (NASDAQ:RNET) was last updated on 4/18/2024 by MarketBeat.com Staff

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RigNet (RNET) Stock Price, News & Analysis

About RigNet Stock (NASDAQ:RNET)

RNET Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

RNET Stock Analysis - Frequently Asked Questions

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