Media stories about RigNet (NASDAQ:RNET) have trended somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. RigNet earned a media sentiment score of 0.02 on Accern’s scale. Accern also gave news coverage about the Wireless communications provider an impact score of 46.8570637570734 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Several equities research analysts have recently commented on the stock. ValuEngine upgraded shares of RigNet from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research upgraded shares of RigNet from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. BidaskClub upgraded shares of RigNet from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 11th. Simmons lifted their price target on shares of RigNet from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, July 3rd. Finally, Piper Jaffray Companies set a $17.00 price target on shares of RigNet and gave the stock a “hold” rating in a research report on Wednesday, August 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $19.50.

RigNet (RNET) traded up 2.89% on Thursday, reaching $16.00. 35,004 shares of the company traded hands. RigNet has a one year low of $12.05 and a one year high of $23.90. The firm has a 50 day moving average of $17.10 and a 200-day moving average of $18.07. The stock’s market capitalization is $291.50 million.

RigNet (NASDAQ:RNET) last released its quarterly earnings data on Monday, August 7th. The Wireless communications provider reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $0.18. RigNet had a negative net margin of 5.69% and a negative return on equity of 9.98%. The firm had revenue of $49.16 million during the quarter, compared to analyst estimates of $49.37 million. During the same period in the prior year, the company earned ($0.27) EPS. The business’s quarterly revenue was down 10.5% compared to the same quarter last year. On average, analysts anticipate that RigNet will post ($0.44) EPS for the current year.

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About RigNet

RigNet, Inc (RigNet) provides customized systems and solutions serving customers with data networking and operational requirements. The Company provides voice and data network, video conferencing and monitoring, crew welfare, asset and weather monitoring, and real-time data services. It operates through two segments: Managed Services, and Systems Integration and Automation (SI&A).

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

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