William Blair Maintains Outperform On Rignet Shares
In a research report issued today, William Blair analyst Brandon Dobell maintained an Outperform rating on Rignet (NASDAQ:RNET). No price target was provided.
Dobell said, “We believe investors are expecting a material number of RigNet’s offshore sites will be taken out of service and/or day rate pressures will force ARPU lower for all offshore sites. We do not believe the business (or estimates) will incur the same level of disruption that the stock is currently implying, but we also believe near-term data points will not give investors anything close to an “all clear” signal.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Brandon Dobell has a total average return of 6.3% and a 44.4% success rate. Dobell is ranked #1060 out of 3335 analysts.