RigNet (NASDAQ:RNET) Getting Somewhat Favorable Press Coverage, Study Finds

Share on StockTwits

News coverage about RigNet (NASDAQ:RNET) has trended somewhat positive on Thursday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. RigNet earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news headlines about the Wireless communications provider an impact score of 45.7526254774074 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

RNET has been the subject of a number of research analyst reports. BidaskClub raised shares of RigNet from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Wells Fargo initiated coverage on shares of RigNet in a research note on Tuesday, January 30th. They issued a “market perform” rating and a $18.00 price target for the company. Finally, ValuEngine lowered shares of RigNet from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $17.00.

Shares of NASDAQ RNET traded up $0.15 during midday trading on Thursday, reaching $13.20. The company’s stock had a trading volume of 23,746 shares, compared to its average volume of 28,751. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.11 and a quick ratio of 2.11. RigNet has a one year low of $12.70 and a one year high of $22.91. The company has a market capitalization of $239.21, a P/E ratio of -18.38 and a beta of 0.94.

RigNet (NASDAQ:RNET) last released its earnings results on Tuesday, March 6th. The Wireless communications provider reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.06). RigNet had a negative return on equity of 11.51% and a negative net margin of 7.92%. The business had revenue of $56.81 million during the quarter, compared to the consensus estimate of $51.00 million. analysts anticipate that RigNet will post -0.64 earnings per share for the current year.

In related news, Director Charles Louis Iv Davis sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 28th. The shares were sold at an average price of $13.45, for a total value of $161,400.00. Following the sale, the director now directly owns 28,313 shares in the company, valued at approximately $380,809.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by insiders.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by BBNS and is owned by of BBNS. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The correct version of this piece of content can be viewed at https://baseballnewssource.com/2018/04/05/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-rignet-rnet-share-price/2028619.html.

RigNet Company Profile

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 Services, Applications and Internet-of-Things (Apps & IoT), and Systems Integration.

Insider Buying and Selling by Quarter for RigNet (NASDAQ:RNET)

Receive News & Ratings for RigNet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RigNet and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.