Last $42.06 USD
Change Today +0.64 / 1.55%
Volume 63.5K
RNET On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

rignet inc (RNET) Snapshot

Open
$41.59
Previous Close
$41.42
Day High
$42.15
Day Low
$41.28
52 Week High
03/6/14 - $59.06
52 Week Low
12/17/14 - $34.44
Market Cap
740.9M
Average Volume 10 Days
171.2K
EPS TTM
$1.23
Shares Outstanding
17.6M
EX-Date
--
P/E TM
34.2x
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 network infrastructure services for the remote communications needs of the oil and gas industry. The company operates through three segments: Americas, Europe/Africa, and Middle East/Asia Pacific. 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 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. The company also offers Secure Oil Information Link, a managed members-only communications network hub that enables collaborative partners, suppliers, and customers to transfer and share data. In addition, RigNet 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. It serves the owners and operators of offshore drilling rigs and production facilities, land rigs, remote offices, and supply bases in approximately 45 countries, including the United States, Brazil, Norway, the United Kingdom, Nigeria, Qatar, Saudi Arabia, Singapore, and Australia. The company was founded in 2000 and is headquartered in Houston, Texas.

481 Employees
Last Reported Date: 03/7/14
Founded in 2000

rignet inc (RNET) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $365.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $276.3K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $273.0K
Chief Technology Officer and Senior Vice Pres...
Total Annual Compensation: $182.6K
Group Vice President of Western Hemisphere
Total Annual Compensation: $221.0K
Compensation as of Fiscal Year 2013.

rignet inc (RNET) Key Developments

RigNet, Inc. Presents at Cowen and Company 4(th) Annual Ultimate Energy Conference, Dec-02-2014 04:45 PM

RigNet, Inc. Presents at Cowen and Company 4(th) Annual Ultimate Energy Conference, Dec-02-2014 04:45 PM. Venue: The New York Hilton Midtown, New York, New York, United States. Speakers: Mark B. Slaughter, Chief Executive Officer, President and Director.

RigNet, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Capital Expenditures Guidance for Early 2015

RigNet, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of $87,819,000 against $56,856,000 a year ago. Operating income was $11,701,000 against $9,802,000 a year ago. Income before income taxes was $10,681,000 against $4,988,000 a year ago. Net income attributable to company common stockholders was $5,857,000 or $0.33 per diluted share against $2,347,000 or $0.13 per diluted share a year ago. Adjusted EBITDA was $20,180,000 against $14,450,000 a year ago. Adjusted EBITDA (non-GAAP measure) was $20,180,000 against $14,450,000 a year ago. Capital expenditure was $10.0 million in the third quarter compared to $9.1 million in the same quarter last year and $11.6 million in the previous quarter. Adjusted EBITDA increase resulted from organic growth in its core managed communications business and, to a lesser extent, contributions from its acquisition. Capital expenditures were $10.0 million compared to $9.1 million in the prior year quarter. For the nine months, the company reported revenue of $243,518,000 against $161,003,000 a year ago. Operating income was $26,856,000 against $13,774,000 a year ago. Income before income taxes was $25,390,000 against $18,742,000 a year ago. Net income attributable to company common stockholders was $13,719,000 or $0.77 per diluted share against $10,943,000 or $0.63 per diluted share a year ago. Adjusted EBITDA was $55,194,000 against $40,973,000 a year ago. Adjusted EBITDA (non-GAAP measure) was $55,194,000 against $40,973,000 a year ago. Net cash provided by operating activities was $28,415,000 against $15,353,000 a year ago. Total capital expenditures were $31.2 million compared to $24.3 million for the nine months ended September 2013. For early 2015, the company still projects total capital expenditures of $5 million to $6 million, representing a substantial investment in the company’s systems to standardize and strengthen the backbone of the company’s global operations.

RigNet, Inc. Presents at Jefferies 2014 Global Energy Conference, Nov-11-2014 02:30 PM

RigNet, Inc. Presents at Jefferies 2014 Global Energy Conference, Nov-11-2014 02:30 PM. Venue: St Regis Hotel, 1919 Briar Oaks Lane, Houston, Texas, United States. Speakers: Mark B. Slaughter, Chief Executive Officer, President and Director.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
RNET:US $42.06 USD +0.64

RNET Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Orion HealthCorp Inc $0.0030 USD 0.00
ERF Wireless Inc $0.0014 USD -0.0005
Evertz Technologies Ltd C$17.01 CAD -0.07
EVS Broadcast Equipment SA €29.13 EUR +0.465
Harmonic Inc $7.32 USD +0.01
View Industry Companies
 

Industry Analysis

RNET

Industry Average

Valuation RNET Industry Range
Price/Earnings 39.5x
Price/Sales 2.4x
Price/Book 5.2x
Price/Cash Flow 16.1x
TEV/Sales 2.0x
 | 

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.