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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 0.72
RNET's Cash to Debt is ranked lower than
70% of the 511 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.24 vs. RNET: 0.72 )
Ranked among companies with meaningful Cash to Debt only.
RNET' s 10-Year Cash to Debt Range
Min: 0.3  Med: 0.98 Max: N/A
Current: 0.72
Equity to Asset 0.48
RNET's Equity to Asset is ranked lower than
69% of the 479 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.59 vs. RNET: 0.48 )
Ranked among companies with meaningful Equity to Asset only.
RNET' s 10-Year Equity to Asset Range
Min: -0.36  Med: 0.48 Max: 0.63
Current: 0.48
-0.36
0.63
Interest Coverage 15.60
RNET's Interest Coverage is ranked lower than
69% of the 327 Companies
in the Global Communication Equipment industry.

( Industry Median: 362.89 vs. RNET: 15.60 )
Ranked among companies with meaningful Interest Coverage only.
RNET' s 10-Year Interest Coverage Range
Min: 2.27  Med: 12.36 Max: 15.6
Current: 15.6
2.27
15.6
F-Score: 8
Z-Score: 4.19
M-Score: -2.73
WACC vs ROIC
5.37%
8.39%
WACC
ROIC
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 : 8/10

vs
industry
vs
history
Operating margin (%) 9.37
RNET's Operating margin (%) is ranked higher than
80% of the 505 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.79 vs. RNET: 9.37 )
Ranked among companies with meaningful Operating margin (%) only.
RNET' s 10-Year Operating margin (%) Range
Min: 10.32  Med: 14.10 Max: 18.03
Current: 9.37
10.32
18.03
Net-margin (%) 3.73
RNET's Net-margin (%) is ranked higher than
59% of the 505 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.48 vs. RNET: 3.73 )
Ranked among companies with meaningful Net-margin (%) only.
RNET' s 10-Year Net-margin (%) Range
Min: -24.85  Med: 4.74 Max: 8.7
Current: 3.73
-24.85
8.7
ROE (%) 8.98
RNET's ROE (%) is ranked higher than
70% of the 499 Companies
in the Global Communication Equipment industry.

( Industry Median: 4.43 vs. RNET: 8.98 )
Ranked among companies with meaningful ROE (%) only.
RNET' s 10-Year ROE (%) Range
Min: -60.77  Med: 12.61 Max: 14.42
Current: 8.98
-60.77
14.42
ROA (%) 4.21
RNET's ROA (%) is ranked higher than
62% of the 512 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.34 vs. RNET: 4.21 )
Ranked among companies with meaningful ROA (%) only.
RNET' s 10-Year ROA (%) Range
Min: -22.56  Med: 6.24 Max: 7.18
Current: 4.21
-22.56
7.18
ROC (Joel Greenblatt) (%) 24.34
RNET's ROC (Joel Greenblatt) (%) is ranked higher than
74% of the 509 Companies
in the Global Communication Equipment industry.

( Industry Median: 7.89 vs. RNET: 24.34 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
RNET' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -60.96  Med: 34.96 Max: 47.35
Current: 24.34
-60.96
47.35
Revenue Growth (3Y)(%) 41.60
RNET's Revenue Growth (3Y)(%) is ranked higher than
94% of the 392 Companies
in the Global Communication Equipment industry.

( Industry Median: 4.20 vs. RNET: 41.60 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
RNET' s 10-Year Revenue Growth (3Y)(%) Range
Min: 0  Med: -11.80 Max: 41.6
Current: 41.6
0
41.6
EBITDA Growth (3Y)(%) 22.60
RNET's EBITDA Growth (3Y)(%) is ranked higher than
75% of the 287 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.60 vs. RNET: 22.60 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
RNET' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0  Med: 19.25 Max: 51.7
Current: 22.6
0
51.7
» RNET's 10-Y Financials

Financials


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

» Details

Guru Trades

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
Q4 2014

RNET Guru Trades in Q4 2014

RS Investment Management 385,121 sh (+13.94%)
Jim Simons 248,300 sh (-26.25%)
Paul Tudor Jones 9,174 sh (-53.65%)
Ron Baron 17,890 sh (-55.38%)
» More
Q1 2015

RNET Guru Trades in Q1 2015

Paul Tudor Jones 14,600 sh (+59.15%)
Ron Baron 20,490 sh (+14.53%)
RS Investment Management 435,121 sh (+12.98%)
Jim Simons 228,800 sh (-7.85%)
» 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%)

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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...

Ratios

vs
industry
vs
history
P/E(ttm) 44.51
RNET's P/E(ttm) is ranked lower than
69% of the 322 Companies
in the Global Communication Equipment industry.

( Industry Median: 22.80 vs. RNET: 44.51 )
Ranked among companies with meaningful P/E(ttm) only.
RNET' s 10-Year P/E(ttm) Range
Min: 20.76  Med: 38.29 Max: 66.07
Current: 44.51
20.76
66.07
Forward P/E 18.25
RNET's Forward P/E is ranked lower than
57% of the 168 Companies
in the Global Communication Equipment industry.

( Industry Median: 16.37 vs. RNET: 18.25 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 45.00
RNET's PE(NRI) is ranked lower than
70% of the 318 Companies
in the Global Communication Equipment industry.

( Industry Median: 23.00 vs. RNET: 45.00 )
Ranked among companies with meaningful PE(NRI) only.
RNET' s 10-Year PE(NRI) Range
Min: 20.68  Med: 38.20 Max: 65.99
Current: 45
20.68
65.99
P/B 3.92
RNET's P/B is ranked lower than
74% of the 498 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.81 vs. RNET: 3.92 )
Ranked among companies with meaningful P/B only.
RNET' s 10-Year P/B Range
Min: 2.7  Med: 3.66 Max: 7.31
Current: 3.92
2.7
7.31
P/S 1.65
RNET's P/S is ranked lower than
58% of the 509 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.25 vs. RNET: 1.65 )
Ranked among companies with meaningful P/S only.
RNET' s 10-Year P/S Range
Min: 0.76  Med: 2.28 Max: 4.02
Current: 1.65
0.76
4.02
POCF 15.87
RNET's POCF is ranked lower than
51% of the 313 Companies
in the Global Communication Equipment industry.

( Industry Median: 15.74 vs. RNET: 15.87 )
Ranked among companies with meaningful POCF only.
RNET' s 10-Year POCF Range
Min: 3.56  Med: 15.54 Max: 35.54
Current: 15.87
3.56
35.54
EV-to-EBIT 20.65
RNET's EV-to-EBIT is ranked lower than
57% of the 327 Companies
in the Global Communication Equipment industry.

( Industry Median: 16.59 vs. RNET: 20.65 )
Ranked among companies with meaningful EV-to-EBIT only.
RNET' s 10-Year EV-to-EBIT Range
Min: 5  Med: 17.10 Max: 36.5
Current: 20.65
5
36.5
PEG 1.39
RNET's PEG is ranked higher than
56% of the 108 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.56 vs. RNET: 1.39 )
Ranked among companies with meaningful PEG only.
RNET' s 10-Year PEG Range
Min: 0  Med: 0.00 Max: 1.82
Current: 1.39
0
1.82
Current Ratio 3.33
RNET's Current Ratio is ranked higher than
75% of the 489 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.16 vs. RNET: 3.33 )
Ranked among companies with meaningful Current Ratio only.
RNET' s 10-Year Current Ratio Range
Min: 0.95  Med: 2.64 Max: 3.33
Current: 3.33
0.95
3.33
Quick Ratio 3.33
RNET's Quick Ratio is ranked higher than
82% of the 489 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.64 vs. RNET: 3.33 )
Ranked among companies with meaningful Quick Ratio only.
RNET' s 10-Year Quick Ratio Range
Min: 0.95  Med: 2.64 Max: 3.33
Current: 3.33
0.95
3.33
Days Sales Outstanding 75.77
RNET's Days Sales Outstanding is ranked lower than
55% of the 462 Companies
in the Global Communication Equipment industry.

( Industry Median: 70.99 vs. RNET: 75.77 )
Ranked among companies with meaningful Days Sales Outstanding only.
RNET' s 10-Year Days Sales Outstanding Range
Min: 57.4  Med: 75.06 Max: 90.37
Current: 75.77
57.4
90.37

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 138.95
RNET's Price/Net Current Asset Value is ranked lower than
99% of the 373 Companies
in the Global Communication Equipment industry.

( Industry Median: 4.27 vs. RNET: 138.95 )
Ranked among companies with meaningful Price/Net Current Asset Value only.
RNET' s 10-Year Price/Net Current Asset Value Range
Min: 9.11  Med: 18.92 Max: 904.25
Current: 138.95
9.11
904.25
Price/Tangible Book 6.21
RNET's Price/Tangible Book is ranked lower than
77% of the 474 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.11 vs. RNET: 6.21 )
Ranked among companies with meaningful Price/Tangible Book only.
RNET' s 10-Year Price/Tangible Book Range
Min: 3.84  Med: 7.05 Max: 12.61
Current: 6.21
3.84
12.61
Price/Projected FCF 3.42
RNET's Price/Projected FCF is ranked lower than
79% of the 240 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.27 vs. RNET: 3.42 )
Ranked among companies with meaningful Price/Projected FCF only.
RNET' s 10-Year Price/Projected FCF Range
Min: 3.19  Med: 3.62 Max: 4.05
Current: 3.42
3.19
4.05
Price/Median PS Value 0.72
RNET's Price/Median PS Value is ranked higher than
83% of the 482 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.17 vs. RNET: 0.72 )
Ranked among companies with meaningful Price/Median PS Value only.
RNET' s 10-Year Price/Median PS Value Range
Min: 0.36  Med: 1.00 Max: 1.73
Current: 0.72
0.36
1.73
Price/Graham Number 3.43
RNET's Price/Graham Number is ranked lower than
75% of the 303 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.62 vs. RNET: 3.43 )
Ranked among companies with meaningful Price/Graham Number only.
RNET' s 10-Year Price/Graham Number Range
Min: 1.9  Med: 3.21 Max: 5.9
Current: 3.43
1.9
5.9
Earnings Yield (Greenblatt) (%) 4.87
RNET's Earnings Yield (Greenblatt) (%) is ranked higher than
62% of the 501 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.10 vs. RNET: 4.87 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
RNET' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 2.7  Med: 5.80 Max: 20.1
Current: 4.87
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 

More From Other Websites
RigNet Launches Global Supply Chain Initiative Jun 19 2015
RigNet Launches Global Supply Chain Initiative Jun 15 2015
RigNet to Present at Two Industry Conferences Jun 05 2015
RigNet to Present at Two Industry Conferences Jun 05 2015
RIGNET, INC. Financials May 20 2015
RigNet Extends Two-Year Managed Remote Communications Contract for Upstream Oil & Gas Company in the... May 14 2015
RigNet Extends Two-Year Managed Remote Communications Contract for Upstream Oil & Gas Company in the... May 14 2015
10-Q for RigNet, Inc. May 13 2015
The Research Note Destroying RigNet Shareholders May 13 2015
RIGNET, INC. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits May 13 2015
RigNet downgraded by Oppenheimer May 13 2015
RigNet Inc Earnings Call scheduled for 11:00 am ET today May 12 2015
RigNet reports 1Q loss May 11 2015
RigNet reports 1Q loss May 11 2015
RigNet Announces First Quarter 2015 Earnings Results May 11 2015
RIGNET, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements... May 11 2015
RigNet Announces First Quarter 2015 Earnings Results May 11 2015
Q1 2015 RigNet Inc Earnings Release - After Market Close May 11 2015
RigNet to Present at the Jefferies 2015 Global TMT Conference May 06 2015
RigNet to Present at the Jefferies 2015 Global TMT Conference May 06 2015

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