RigNet Announces Fourth Quarter and Full Year 2015 Earnings Results
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Jefferies Expects Headwinds to Continue for RigNet (RNET); Cuts Price Target to $16
March 2, 2016 10:03 AM ESTJefferies maintained a Buy rating on RigNet, Inc. (NASDAQ: RNET), and cut the price target to $16.00 (from $29.00), following the company's 4Q. Despite RNET's financial results coming in ahead of expectations, Jefferies is expecting cold stacking and scrapping of rigs to continue into 2016.
Analyst... More
RigNet (RNET) Misses Q4 EPS by 9c
February 29, 2016 5:03 PM ESTRigNet (NASDAQ: RNET) reported Q4 EPS of $0.03, $0.09 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $52.19 million versus the consensus estimate of $60 million.
Due to an ongoing contract dispute related to a TSI segment percentage of completion project, the Company... More
