RigNet Announces Third Quarter 2016 Earnings Results

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Go back to RigNet Announces Third Quarter 2016 Earnings Results

Jefferies Raises Price Target on RigNet (RNET) to $17 Following 3Q

November 9, 2016 7:59 AM EST

Jefferies reiterated a Buy rating on RigNet, Inc. (NASDAQ: RNET), and raised the price target to $17.00 (from $14.00), following the company's 3Q earnings report.

Analyst Mike McCormack commented, "Following 3Q earnings, we update estimates to reflect continued rig stacking and ARPU pressures, as... More

RigNet (RNET) Tops Q3 EPS by 1c

November 7, 2016 4:15 PM EST

RigNet (NASDAQ: RNET) reported Q3 EPS of ($0.09), $0.01 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $50.6 million versus the consensus estimate of $52.37 million.

Steven E. Pickett, chief executive officer and president, commented, "Despite continued headwinds in the... More