Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $26.83 USD
Change Today +0.68 / 2.60%
Volume 126.8K
RNET On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

rignet inc (RNET) Snapshot

Open
$25.92
Previous Close
$26.15
Day High
$27.26
Day Low
$25.92
52 Week High
09/4/14 - $48.35
52 Week Low
08/26/15 - $23.37
Market Cap
474.7M
Average Volume 10 Days
173.8K
EPS TTM
$1.06
Shares Outstanding
17.7M
EX-Date
--
P/E TM
25.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for RIGNET INC (RNET)

rignet inc (RNET) Related Bloomberg News

View More Bloomberg News

rignet inc (RNET) Related Businessweek News

No Related Businessweek News Found

rignet inc (RNET) Details

RigNet, Inc. provides digital technology solutions to the oil and gas industry. The company operates through three segments: Eastern Hemisphere, Western Hemisphere, and Telecoms Systems Integration. It offers remote communications services through a controlled and managed Internet protocol/multiprotocol label switching (IP/MPLS) global network, enabling drilling contractors, oil companies, and oilfield service companies to communicate. The company also offers a communications package of voice, data, video, networking, and real-time data management to offshore and land-based remote locations. It primarily provides voice-over-Internet-protocol, data, and high-speed Internet access, as well as other value-added services, such as video conferencing solutions, TurboNet wide area network acceleration solutions, real-time data management solutions, Wi-Fi hotspots and Internet kiosks, wireless intercoms, and handheld radios. In addition, the company offers telecoms systems integration services to design, assemble, install, and commission turn-key solutions for customer telecommunications systems; and Secure Oil Information Link, a managed members-only communications network hub that enables collaborative partners, suppliers, and customers to transfer and share data. Further, it provides microwave and WiMAX networks in the U.S. Gulf of Mexico and the North Sea serving drillers, producers, and energy vessel owners; VSAT services; an M2M SCADA VSAT network services to the pipeline industry; telecommunications systems integration services; and a L-band MSS retail energy services. The company serves the owners and operators of offshore drilling rigs and production facilities, land rigs, remote offices, and supply bases in approximately 50 countries, including the United States, Brazil, Norway, the United Kingdom, Nigeria, Qatar, Saudi Arabia, Singapore, and Australia. RigNet, Inc. was founded in 2000 and is headquartered in Houston, Texas.

698 Employees
Last Reported Date: 03/2/15
Founded in 2000

rignet inc (RNET) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $451.2K
Senior Vice President and General Counsel
Total Annual Compensation: $259.0K
Group Vice President of Managed Services
Total Annual Compensation: $260.8K
Compensation as of Fiscal Year 2014.

rignet inc (RNET) Key Developments

RigNet, Inc. Presents at Oppenheimer 18th Annual Technology, Internet & Communications Conference 2015, Aug-12-2015 02:25 PM

RigNet, Inc. Presents at Oppenheimer 18th Annual Technology, Internet & Communications Conference 2015, Aug-12-2015 02:25 PM. Venue: Four Seasons Hotel, 200 Boylston Street, Boston, MA 02116, United States. Speakers: Marty Jimmerson, Senior Vice Presidentand Chief Financial Officer.

RigNet, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

RigNet, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $75,106,000 compared to $80,656,000 for the same period a year ago. Operating income was $9,103,000 against $9,802,000 a year ago. Income before income taxes was $8,755,000 compared to $9,186,000 for the same period a year ago. Net income attributable to common shareholders was $6,039,000 or $0.34 per diluted share against $5,667,000 or $0.31 per diluted share a year ago. Adjusted EBITDA was $18,506,000 against $18,806,000 a year ago. Unlevered free cash flow was $10,423,000 against $7,234,000 a year ago. Cash earnings were $15,363,000 or $0.86 per share against $14,803,000 or $0.82 per share a year ago. Capital expenditures were $8,083,000 against $11,572,000 a year ago. The revenue decrease was primarily due to reduced offshore and onshore drilling budgets resulting from depressed commodity prices. Adjusted EBITDA decrease primarily resulted from lower revenue partially offset by benefits from cost containment actions taken over the first half of the year. The increased UFCF was due primarily to reduced capital expenditures. Excluding restructuring charges associated with the resource reallocation plan announced in February, net income attributable to common stockholders would have been $5.2 million or $0.30 per diluted share in the prior quarter. For the six months, the company reported revenue of $152,756,000 compared to $155,699,000 for the same period a year ago. Operating income was $11,555,000 against $15,155,000 a year ago. Income before income taxes was $10,127,000 compared to $14,709,000 for the same period a year ago. Net income attributable to common shareholders was $5,010,000 or $0.28 per diluted share against $7,862,000 or $0.44 per diluted share a year ago. Adjusted EBITDA was $35,620,000 against $35,014,000 a year ago. Unlevered free cash flow was $19,464,000 against $13,790,000 a year ago. Cash earnings were $29,652,000 or $1.66 per share against $27,315,000 or $1.52 per share a year ago. Capital expenditures were $16,156,000 against $21,224,000 a year ago.

RigNet, Inc. to Report Q2, 2015 Results on Aug 04, 2015

RigNet, Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Aug 04, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
RNET:US $26.83 USD +0.68

RNET Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Avid Technology Inc $8.51 USD +0.29
Constellation Healthcare Technologies Inc 147.00 GBp 0.00
Evertz Technologies Ltd C$15.00 CAD +0.02
EVS Broadcast Equipment SA €24.83 EUR +0.33
Harmonic Inc $5.79 USD +0.12
View Industry Companies
 

Industry Analysis

RNET

Industry Average

Valuation RNET Industry Range
Price/Earnings 37.4x
Price/Sales 1.4x
Price/Book 3.2x
Price/Cash Flow 10.7x
TEV/Sales 1.0x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact RIGNET INC, please visit www.rig.net. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.