|Bid||0.00 x 800|
|Ask||0.00 x 3200|
|Day's Range||8.90 - 9.60|
|52 Week Range||7.22 - 24.05|
|Beta (3Y Monthly)||1.90|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 5, 2019 - Aug 9, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||18.00|
RigNet, Inc. (NASDAQ: RNET, “RigNet” or “the Company”), the leading provider of intelligent networking solutions and specialized applications, today announced that it has reached a settlement with Inmarsat Global Limited (“Inmarsat”) that concludes the GX Arbitration pending before the International Centre for Dispute Resolution. Pursuant to the settlement, RigNet will pay Inmarsat $45 million immediately, $5 million in the third quarter of 2019, and $750,000 in the third quarter of 2020. “We are glad to put this matter behind us. While we are disappointed in the panel’s Phase I findings that a take or pay obligation under our January 2014 agreement had commenced, we believe that settling this matter reduces risk for our shareholders, customers, and employees. We were able avoid additional costs related to the arbitration and to secure value for our counterclaims which offsets Inmarsat’s additional claims, as well as their claims for interest and attorneys’ fees,” said Steven Pickett, Chief Executive Officer and President.
HOUSTON , June 20, 2019 /PRNewswire/ -- Bardasz today announced its partnership with RigNet for regional rights to offer their suite of AI Intelie Solutions to serve customers with a complete suite of ...
Bardasz’s customers gain access to machine learning-based analytics platform for Energy customers’ operationsBardasz will provide additional operational support services around.
Houston-based Infrastructure Networks Inc., also called INET, has quadrupled its headcount in the past three years, but it isn’t done growing yet. INET employs about 80 people today, but that number will probably reach 100 by the end of the year, CEO Scott Crist said. INET has been buying up spectrum licenses — basically the right to transmit radio waves in a specific geography and frequency — all over the U.S., Crist said.
Slaughter is the company's new executive chairman. He is also CEO of an associated company, Osprey Informatics.
The Houston-based company said it had a loss of 63 cents per share. The communications provider for the oil and gas industry posted revenue of $57.5 million in the period. RigNet shares have decreased ...
HOUSTON, May 06, 2019 -- RigNet, Inc. (NASDAQ: RNET, the “Company”), the leading provider of intelligent networking solutions and specialized applications, today reported.
Enabling Internet of Things Connectivity for Businesses across Europe DUBLIN , May 1, 2019 /PRNewswire/ -- EchoStar Mobile, a mobile operator providing connectivity across Europe through a hybrid satellite ...
HOUSTON, April 24, 2019 -- RigNet, Inc. (NASDAQ: RNET) today announced that it will release its first quarter 2019 earnings results after the NASDAQ Exchange closes Monday, May.
Steve Pickett became the CEO of RigNet, Inc. (NASDAQ:RNET) in 2016. This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. After that, we will consider the gro...
HOUSTON, April 18, 2019 -- RigNet (NASDAQ: RNET), the leading provider of ultra-secure, intelligent networking solutions for distributed oil and gas operations, announced today.
“We’ll see how the business develops," Mark Slaughter said. "This could evolve where Houston has a more prominent presence for the company.”
According to McKinsey & Company, a leading global business consultancy, most large capital projects take 20% longer and cost 80% more than planned. One primary reason the combined financial impact of productivity loss is so significant is the failure of facilities and project teams to engage digital workforce solutions that provide enhanced safety monitoring and deeper insight into the interdependent nature of safety and productivity performance. CertifiedSafety’s SmartConnect and RigNet’s IntelieLive are designed for new and existing projects in industrial environments. Together, they reduce safety-related risks and improve productivity, allowing users to deliver projects on time and on budget. SmartConnect is a light infrastructure-connected worker solution which combines a patent pending asset location engine, intuitive user interface, and robust asset tags with bi-directional communication.
The Houston-based company said it had a loss of $2.62 per share. Losses, adjusted for non-recurring costs, were 5 cents per share. The communications provider for the oil and gas industry posted revenue ...
Quarterly revenue of $60.2 million; net loss of $49.7 million or $2.62 per shareFull year 2018 revenue of $238.9 million; net loss of $62.5 million or $3.34 per shareQuarterly.
Long term investing works well, but it doesn't always work for each individual stock. It hits us in the gut when we see fellow investors suffer a loss. Spare aRead More...
HOUSTON, March 04, 2019 -- RigNet, Inc. (NASDAQ: RNET) today announced that it will release its fourth-quarter and full year earnings results after the NASDAQ Exchange closes.