RigNet Inc
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Energy : Energy Equipment & Services | Small Cap Value
Company profile

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). The Managed Services segment provides remote communications services for offshore and onshore drilling rigs and production facilities, as well as, support vessels and other remote sites. The SI&A segment provides customized solutions for customer telecommunications systems. As of December 31, 2016, the Company provided remote communications and collaborative services to approximately 500 customers reaching approximately 900 remote sites located in approximately 50 countries on six continents. It provides managed remote communications, engineered telecommunications solutions and applications.

Closing Price
$4.05
Day's Change
-0.08 (-1.94%)
Bid
--
Ask
--
B/A Size
--
Day's High
4.25
Day's Low
4.01
Volume
(Below Average)
Volume:
110,348

10-day average volume:
131,582
110,348

Visa stock heads for new record close, its first since February

1:17 pm ET August 28, 2020 (MarketWatch)
Print

Shares of Visa Inc. (V) are up 1.7% in Friday trading and on track to notch a new record close, which would mark the stock's first since Feb. 19, according to Dow Jones Market Data. The stock has risen in seven of the last eight trading sessions and it's up 12.3% so far this month, putting the shares on pace for their best month since October 2014, when Visa's stock rose 13.2%, per Dow Jones Market Data. Mastercard Inc. (MA) surpassed its Feb. 19 closing high in Tuesday trading and the stock has risen in each trading day since. Both Mastercard and Visa received bullish initiations Thursday at Mizuho. "With card penetration accounting for two-thirds of volume growth, it is the single most important determinant in Visa's volume growth trajectory," wrote analyst Dan Dolev, who expects a further rise in card penetration despite a "bump" in 2020. Visa shares have added 10% over the past three months as the Dow Jones Industrial Average has gained 13%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 28, 2020 13:17 ET (17:17 GMT)

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