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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash to Debt 0.73
RNET's Cash to Debt is ranked higher than
55% of the 705 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.15 vs. RNET: 0.73 )
RNET' s 10-Year Cash to Debt Range
Min: 0.3   Max: No Debt
Current: 0.73

Equity to Asset 0.47
RNET's Equity to Asset is ranked higher than
55% of the 677 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.57 vs. RNET: 0.47 )
RNET' s 10-Year Equity to Asset Range
Min: -0.36   Max: 0.63
Current: 0.47

-0.36
0.63
Interest Coverage 12.36
RNET's Interest Coverage is ranked higher than
54% of the 435 Companies
in the Global Communication Equipment industry.

( Industry Median: 115.57 vs. RNET: 12.36 )
RNET' s 10-Year Interest Coverage Range
Min: 2.27   Max: 14.69
Current: 12.36

2.27
14.69
F-Score: 5
Z-Score: 4.55
M-Score: -2.31
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry
vs
history
Operating margin (%) 11.55
RNET's Operating margin (%) is ranked higher than
89% of the 697 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.27 vs. RNET: 11.55 )
RNET' s 10-Year Operating margin (%) Range
Min: 12.79   Max: 18.03
Current: 11.55

12.79
18.03
Net-margin (%) 6.30
RNET's Net-margin (%) is ranked higher than
81% of the 697 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.32 vs. RNET: 6.30 )
RNET' s 10-Year Net-margin (%) Range
Min: -24.85   Max: 8.7
Current: 6.3

-24.85
8.7
ROE (%) 14.62
RNET's ROE (%) is ranked higher than
88% of the 691 Companies
in the Global Communication Equipment industry.

( Industry Median: 5.27 vs. RNET: 14.62 )
RNET' s 10-Year ROE (%) Range
Min: -61.16   Max: 14.42
Current: 14.62

-61.16
14.42
ROA (%) 7.08
RNET's ROA (%) is ranked higher than
87% of the 706 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.96 vs. RNET: 7.08 )
RNET' s 10-Year ROA (%) Range
Min: -22.56   Max: 7.18
Current: 7.08

-22.56
7.18
ROC (Joel Greenblatt) (%) 33.74
RNET's ROC (Joel Greenblatt) (%) is ranked higher than
87% of the 706 Companies
in the Global Communication Equipment industry.

( Industry Median: 9.30 vs. RNET: 33.74 )
RNET' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 38.57   Max: 79.02
Current: 33.74

38.57
79.02
Revenue Growth (3Y)(%) -9.00
RNET's Revenue Growth (3Y)(%) is ranked higher than
54% of the 581 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.20 vs. RNET: -9.00 )
RNET' s 10-Year Revenue Growth (3Y)(%) Range
Min: 0   Max: -9
Current: -9

EBITDA Growth (3Y)(%) 15.90
RNET's EBITDA Growth (3Y)(%) is ranked higher than
83% of the 424 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.40 vs. RNET: 15.90 )
RNET' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0   Max: 51.7
Current: 15.9

0
51.7
» RNET's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2013

RNET Guru Trades in Q4 2013

Paul Tudor Jones 6,968 sh (New)
Ron Baron 13,930 sh (+78.82%)
Chuck Royce 6,600 sh (+50%)
Jim Simons 234,200 sh (+23.78%)
RS Investment Management 221,830 sh (+3.67%)
» More
Q1 2014

RNET Guru Trades in Q1 2014

Ron Baron 22,790 sh (+63.6%)
Jim Simons 276,700 sh (+18.15%)
RS Investment Management 223,330 sh (+0.68%)
Chuck Royce Sold Out
Paul Tudor Jones 5,776 sh (-17.11%)
» More
Q2 2014

RNET Guru Trades in Q2 2014

RS Investment Management 384,591 sh (+72.21%)
Jim Simons 401,900 sh (+45.25%)
Ron Baron 27,590 sh (+21.06%)
Paul Tudor Jones 3,860 sh (-33.17%)
» More
Q3 2014

RNET Guru Trades in Q3 2014

Paul Tudor Jones 19,791 sh (+412.72%)
Ron Baron 40,090 sh (+45.31%)
RS Investment Management 337,991 sh (-12.12%)
Jim Simons 336,700 sh (-16.22%)
» More
» Details

Insider Trades

Latest Guru Trades with RNET

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ron Baron 2014-09-30 Add 45.31%$39.51 - $57.04 $ 41.42-16%40090
Ron Baron 2014-06-30 Add 21.06%$45.51 - $53.72 $ 41.42-17%27590
Ron Baron 2014-03-31 Add 63.6%$42.08 - $55.99 $ 41.42-14%22790
Ron Baron 2013-12-31 Add 78.82%$35.61 - $47.08 $ 41.422%13930
Ron Baron 2013-06-30 Add 210.36%$22.88 - $26.53 $ 41.4268%7790
Ron Baron 2013-03-31 New Buy$19.56 - $24.94 $ 41.4292%2510
Ron Baron 2012-09-30 Sold Out 0.04%$16.9 - $19.3 $ 41.42131%0
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
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Guru Investment Theses on RigNet Inc

Meridian Funds Comments on RigNet Inc - Dec 17, 2014

RigNet (RNET) underperformed due to fears around excess supply of offshore drilling rigs. We believe the overall business is misunderstood and the impact of excess drilling rig supply will have a very small impact on RigNet’s growth prospects. The 20% organic growth rate reported by the company in Q2 is not fully appreciated by the market. As we have demonstrated with some of this quarter’s largest contributors, we are patient investors and believe the risk/reward profile from this price is very favorable. We added to our position in RigNet throughout the quarter.

From Meridian Funds (Trades, Portfolio)’ Meridian Growth Fund 3Q 2014 Commentary.

Check out Meridian Funds latest stock trades

Meridian Funds Comments on Rignet Inc - Jun 20, 2014

Rignet, Inc. (RNET) also contributed to the positive performance of the Fund during the period. RigNet is the largest provider of communications infrastructure to remote locations for the oil and gas industry. We believe the company has a strong competitive advantage as a result of its scale, quality of service, and customer relationships. RigNet is positioned to benefit from an increase in oil and gas production in more remote locations, especially deepwater projects.



From Meridian Funds's semi-annual report ended December 31, 2013.



Check out Meridian Funds latest stock trades

Baron Funds Comments on RigNet Inc. - Feb 26, 2014

RigNet, Inc. (RNET) a provider of telecommunication services to the oil and gas industry, was up 29% in the quarter. The company benefitted from two events. First, the company announced its intent to acquire Inmarsat's Energy Broadband business. We believe that this acquisition will be highly accretive for RigNet and that RigNet can significantly improve margins in the first couple of years of operations. The second event that benefitted the company was the acquisition by KKR of a 27% stake from Cubera (both KKR and Cubera are private equity firms). The possibility for Cubera to exit via a secondary stock sale had been an overhang on the stock, so this transaction removed that issue.



From Ron Baron (Trades, Portfolio)'s Baron Funds fourth quarter 2013 letter to shareholders.

Check out Ron Baron latest stock trades

Top Ranked Articles about RigNet Inc

Meridian Funds Comments on RigNet Inc
RigNet (RNET) underperformed due to fears around excess supply of offshore drilling rigs. We believe the overall business is misunderstood and the impact of excess drilling rig supply will have a very small impact on RigNet’s growth prospects. The 20% organic growth rate reported by the company in Q2 is not fully appreciated by the market. As we have demonstrated with some of this quarter’s largest contributors, we are patient investors and believe the risk/reward profile from this price is very favorable. We added to our position in RigNet throughout the quarter. Read more...
Meridian Funds Comments on Rignet Inc
Rignet, Inc. (RNET) also contributed to the positive performance of the Fund during the period. RigNet is the largest provider of communications infrastructure to remote locations for the oil and gas industry. We believe the company has a strong competitive advantage as a result of its scale, quality of service, and customer relationships. RigNet is positioned to benefit from an increase in oil and gas production in more remote locations, especially deepwater projects. Read more...
Baron Funds Comments on RigNet Inc.
RigNet, Inc. (RNET) a provider of telecommunication services to the oil and gas industry, was up 29% in the quarter. The company benefitted from two events. First, the company announced its intent to acquire Inmarsat's Energy Broadband business. We believe that this acquisition will be highly accretive for RigNet and that RigNet can significantly improve margins in the first couple of years of operations. The second event that benefitted the company was the acquisition by KKR of a 27% stake from Cubera (both KKR and Cubera are private equity firms). The possibility for Cubera to exit via a secondary stock sale had been an overhang on the stock, so this transaction removed that issue. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 39.10
RNET's P/E(ttm) is ranked higher than
74% of the 761 Companies
in the Global Communication Equipment industry.

( Industry Median: 59.50 vs. RNET: 39.10 )
RNET' s 10-Year P/E(ttm) Range
Min: 20.76   Max: 66.07
Current: 39.1

20.76
66.07
P/B 5.10
RNET's P/B is ranked higher than
51% of the 761 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.25 vs. RNET: 5.10 )
RNET' s 10-Year P/B Range
Min: 2.7   Max: 7.31
Current: 5.1

2.7
7.31
P/S 2.50
RNET's P/S is ranked higher than
58% of the 761 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.50 vs. RNET: 2.50 )
RNET' s 10-Year P/S Range
Min: 0.76   Max: 4.02
Current: 2.5

0.76
4.02
PFCF 295.90
RNET's PFCF is ranked higher than
72% of the 761 Companies
in the Global Communication Equipment industry.

( Industry Median: 350.00 vs. RNET: 295.90 )
RNET' s 10-Year PFCF Range
Min: 10.9   Max: 468.25
Current: 295.9

10.9
468.25
EV-to-EBIT 21.47
RNET's EV-to-EBIT is ranked higher than
78% of the 761 Companies
in the Global Communication Equipment industry.

( Industry Median: 61.99 vs. RNET: 21.47 )
RNET' s 10-Year EV-to-EBIT Range
Min: 5   Max: 36.5
Current: 21.47

5
36.5
PEG 1.07
RNET's PEG is ranked higher than
94% of the 761 Companies
in the Global Communication Equipment industry.

( Industry Median: 9999.00 vs. RNET: 1.07 )
RNET' s 10-Year PEG Range
Min: 0   Max: 1.82
Current: 1.07

0
1.82
Current Ratio 2.61
RNET's Current Ratio is ranked higher than
74% of the 695 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.11 vs. RNET: 2.61 )
RNET' s 10-Year Current Ratio Range
Min: 0.95   Max: 3.22
Current: 2.61

0.95
3.22
Quick Ratio 2.61
RNET's Quick Ratio is ranked higher than
81% of the 695 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.68 vs. RNET: 2.61 )
RNET' s 10-Year Quick Ratio Range
Min: 0.95   Max: 3.22
Current: 2.61

0.95
3.22

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 8.25
RNET's Price/Tangible Book is ranked higher than
53% of the 761 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.42 vs. RNET: 8.25 )
RNET' s 10-Year Price/Tangible Book Range
Min: 3.84   Max: 12.61
Current: 8.25

3.84
12.61
Price/Median PS Value 1.06
RNET's Price/Median PS Value is ranked higher than
75% of the 761 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.10 vs. RNET: 1.06 )
RNET' s 10-Year Price/Median PS Value Range
Min: 0.35   Max: 1.69
Current: 1.06

0.35
1.69
Price/Graham Number 3.72
RNET's Price/Graham Number is ranked higher than
71% of the 761 Companies
in the Global Communication Equipment industry.

( Industry Median: 4.44 vs. RNET: 3.72 )
RNET' s 10-Year Price/Graham Number Range
Min: 1.9   Max: 5.9
Current: 3.72

1.9
5.9
Earnings Yield (Greenblatt) 4.70
RNET's Earnings Yield (Greenblatt) is ranked higher than
76% of the 695 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.60 vs. RNET: 4.70 )
RNET' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.7   Max: 20.1
Current: 4.7

2.7
20.1

Business Description

Industry: Communication Equipment » Communication Equipment
Compare: » details
Traded in other countries:4R5.Germany,
RigNet Inc was incorporated in Delaware on July 6, 2004. The Company is a network infrastructure provider serving the remote communications needs of the oil and gas industry. Through a controlled and managed IP/MPLS (Internet Protocol/Multiprotocol Label Switching) network, it delivers voice, data, video and other collaborative services under a multi-tenant revenue model. The Company delivers its services through its IP/MPLS network, tuned and optimized for communications with remote endpoints, that serves oil and gas customers both in the United States and in international markets. As of December 31, 2013, the Company is a main provider of remote communications and collaborative services to approximately 500 customers reaching about 1,100 remote sites located in over 45 countries on six continents. Its business operations are divided into three reportable segments: Americas, Europe/Africa and Middle East/Asia Pacific. Its Americas segment provides remote communications services for offshore and onshore drilling rigs and production facilities, as well as, energy support vessels and other remote sites. Its Americas segment services are performed out of its United States and Brazil based offices for customers and rig sites located on the western side of the Atlantic Ocean mainly in the United States, Mexico and Brazil, and within the Gulf of Mexico. Its Europe/Africa segment provides remote communications services for offshore drilling rigs, production facilities, energy support vessels and other remote sites. Its Europe/Africa segment services are performed out of its Norway and United Kingdom based offices for customers and rig sites located mainly off the coasts of the United Kingdom, Norway and West Africa. This segment also provides system integration services for both onshore and offshore customers in the oil and gas industry including drilling rigs and production facilities. Its Middle East/Asia Pacific (MEAP) segment provides remote communications services for onshore and offshore drilling rigs, production facilities, energy support vessels and other remote sites. Its MEAP segment services are mainly performed out of its Qatar and Singapore based offices for customers and rig sites located mainly around the Indian Ocean in Qatar, Saudi Arabia and India, around the Pacific Ocean near Australia, and within the South China Sea. It offers a comprehensive communications package of voice, data, video, networking and real-time data management to offshore and land-based remote locations. The main services it offers are high quality voice-over-Internet-protocol, or VoIP, data and high-speed Internet access. It also provides other value-added services, such as video conferencing solutions, TurboNet WAN acceleration solutions, real-time data management solutions, Wi-Fi hotspots and Internet kiosks, Secure Oil Information Link, wireless intercoms and handheld radios. Its main customer is Noble Corporation. The Company's main competitor
» More Articles for RNET

Headlines

Articles On GuruFocus.com
Meridian Funds Comments on RigNet Inc Dec 17 2014 
Meridian Growth Fund 3Q 2014 Commentary Dec 17 2014 
Meridian Funds Comments on Rignet Inc Jun 20 2014 
Baron Funds Comments on RigNet Inc. Feb 26 2014 

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