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RigNet, Inc. (RNET)

Stock Price: $3.00 USD 0.14 (4.90%)
Updated Aug 10, 2020 4:00 PM EDT - Market closed
After-hours: $3.08 +0.08 (2.67%) Aug 10, 5:58 PM

Stock Price Chart

Key Info

Market Cap 61.37M
Revenue (ttm) 237.24M
Net Income (ttm) -34.01M
Shares Out 20.46M
EPS (ttm) -1.58
PE Ratio n/a
Forward PE n/a
Dividend n/a
Dividend Yield n/a

Stock Quote

Trading Day Aug 10, 2020
Last Price $3.00
Previous Close $2.86
Change ($) 0.14
Change (%) 4.90%
Day's Open 2.83
Day's Range 2.74 - 3.00
Day's Volume 370,618
52-Week Range 0.77 - 8.85

More Stats

Market Cap 61.37M
Enterprise Value 166.19M
Earnings Date (est) Nov 9, 2020
Ex-Dividend Date n/a
Shares Outstanding 20.46M
Float 10.78M
EPS (basic) -1.71
EPS (diluted) -1.58
FCF / Share -1.92
Dividend n/a
Dividend Yield n/a
Earnings Yield n/a
FCF Yield n/a
Payout Ratio n/a
Shares Short 508,117
Short Ratio 1.22
Short % of Float 5.62%
Beta 1.61
PE Ratio n/a
Forward PE n/a
P/FCF Ratio n/a
PS Ratio 0.26
PB Ratio 3.57
Revenue 237.24M
Operating Income -19.85M
Net Income -34.01M
Free Cash Flow -38.51M
Net Cash -104.82M
Net Cash / Share -5.12
Gross Margin 39.28%
Operating Margin -8.37%
Profit Margin -13.90%
FCF Margin -16.23%
ROA 2.47%
ROE -110.22%
ROIC -10.10%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (1)

Buy 1
Overweight 0
Hold 0
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$12.00*
Low
12.0
Current: $3.00
High
12.0
Target: 12.00
*Average 12-month price target from 1 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue24323920522127133022116210992.92
Revenue Growth1.71%16.58%-7.13%-18.67%-17.84%49.6%36.52%47.84%17.69%-
Gross Profit93.1892.2573.7390.8610814210280.6060.7150.44
Operating Income-2.07-61.10-9.99-2.45-11.3534.0828.2322.8016.8912.60
Net Income-19.16-62.45-16.18-11.51-16.9715.6416.3411.889.52-15.59
Shares Outstanding19.8318.7118.0117.7717.5317.3216.2715.5915.395.57
Earnings Per Share-0.97-3.34-0.90-0.65-0.970.870.930.700.57-3.38
EPS Growth------6.45%32.86%22.81%--
Operating Cash Flow-20.287.6729.2339.1737.0343.7628.0532.2616.5919.90
Capital Expenditures-16.54-28.99-17.79-13.45-33.98-39.42-29.73-21.51-19.00-13.45
Free Cash Flow-36.83-21.3211.4425.733.054.34-1.6810.75-2.406.45
Cash & Equivalents14.5123.3036.1458.8161.0167.7861.6562.5453.1160.44
Total Debt11477.0358.1161.4777.6686.1159.5661.2923.5232.14
Net Cash / Debt-99.55-53.73-21.97-2.66-16.65-18.342.091.2529.5928.30
Assets251259230231258300239216141130
Liabilities20420312311813515811411457.5461.93
Book Value46.7255.9210711212314212510283.2267.70
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name RigNet, Inc.
Country United States
Employees 625
CEO Steven E. Pickett

Stock Information

Ticker Symbol RNET
Stock Exchange NASDAQ
Sector Energy
Industry Oil & Gas Equipment & Services
Unique Identifier NASDAQ: RNET
IPO Date December 15, 2010

Description

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 Communications Services, Applications and Internet-of-Things (Apps & IoT), and Systems Integration. The Managed Communications Services segment provides remote communication, telephony, and technology services for offshore and onshore drilling rigs and production facilities, support vessels, and other remote sites. This segment also sells communications equipment; and provides installation and maintenance services. The Apps & IoT segment offers applications over-the-top of the network layer, including Software as a Service offerings, such as a real-time machine learning and artificial intelligence data platform; Cyphre encryption; cybersecurity services; edge computing solution services that assist customers with collecting and standardizing the complex data produced by edge devices; applications for safety and workforce productivity; and other value-added services. This segment also provides private machine-to-machine IoT data networks, including supervisory control and data acquisition. The Systems Integration segment engages in the design, consulting, engineering, project management, procurement, testing, installation, commissioning, and maintenance of telecommunications systems. This segment also provides monitoring and maintenance for fire and gas detection systems; and programmable logic controller and automation control systems. RigNet, Inc. was founded in 2000 and is headquartered in Houston, Texas.