Western Digital Corporation, together with its subsidiaries, develops, makes, and sells data storage devices and solutions worldwide. The company has market cap of $30.79 billion. It offers performance hard disk drives that are used in enterprise servers, data analysis, and other enterprise applications; capacity HDDs and drive configurations for use in data storage systems and tiered storage models; and enterprise solid state drives (SSDs), including NAND-flash SSDs and software solutions that are designed to enhance the performance in various enterprise workload environments. It has a 80.65 P/E ratio. The firm also provides system solutions that offer petabyte scalable capacity; data storage platforms and systems; datacenter software and systems; and HDDs and SSDs for desktop and notebook PCs, gaming consoles, security surveillance systems, and set top boxes.
The stock of RigNet, Inc. (NASDAQ:RNET) hit a new 52-week low and has $12.69 target or 4.00% below today’s $13.22 share price. The 5 months bearish chart indicates high risk for the $241.04 million company. The 1-year low was reported on Mar, 20 by Barchart.com. If the $12.69 price target is reached, the company will be worth $9.64M less. The stock decreased 1.34% or $0.18 during the last trading session, reaching $13.22. About 8,516 shares traded. RigNet, Inc. (NASDAQ:RNET) has risen 36.15% since March 20, 2017 and is uptrending. It has outperformed by 19.45% the S&P500.
Analysts await RigNet, Inc. (NASDAQ:RNET) to report earnings on May, 14. They expect $-0.18 EPS, down 63.64% or $0.07 from last year’s $-0.11 per share. After $-0.21 actual EPS reported by RigNet, Inc. for the previous quarter, Wall Street now forecasts -14.29% EPS growth.
Investors sentiment decreased to 1.19 in 2017 Q3. Its down 0.37, from 1.56 in 2017Q2. It dived, as 9 investors sold RigNet, Inc. shares while 16 reduced holdings. 16 funds opened positions while 23 raised stakes. 15.98 million shares or 0.83% more from 15.85 million shares in 2017Q2 were reported. Prelude Management Limited Liability owns 0.02% invested in RigNet, Inc. (NASDAQ:RNET) for 12,585 shares. Fmr Ltd Limited Liability Company accumulated 0.01% or 2.66 million shares. California State Teachers Retirement Systems holds 20,882 shares. Alliancebernstein Limited Partnership stated it has 19,250 shares or 0% of all its holdings. 39,818 are held by Morgan Stanley. Ameritas Inv Partners Incorporated holds 0% or 1,109 shares. Panagora Asset reported 13,715 shares or 0% of all its holdings. Wedge Cap L L P Nc holds 19,000 shares or 0% of its portfolio. Bnp Paribas Arbitrage invested 0% of its portfolio in RigNet, Inc. (NASDAQ:RNET). Northern Tru Corporation has invested 0% of its portfolio in RigNet, Inc. (NASDAQ:RNET). Geode Cap Mgmt Ltd Llc reported 102,168 shares or 0% of all its holdings. Blair William & Il owns 40,190 shares for 0.01% of their portfolio. Rhumbline Advisers reported 0% stake. Blackrock holds 0% or 865,762 shares. State Street holds 244,536 shares or 0% of its portfolio.
RigNet, Inc. provides systems and solutions for clients with data networking and operational requirements the United States and internationally. The company has market cap of $241.04 million. The firm operates through two divisions, Managed Services; and Systems Integration and Automation. It currently has negative earnings. It offers remote communications services for offshore and onshore drilling rigs and production facilities, as well as support vessels and other remote sites; multiprotocol label switching global network services; proactive network monitoring and management through network activities centers; and systems integration services to design, assemble, install, and commission turn-key solutions for customer communications systems.
Among 4 analysts covering RigNet (NASDAQ:RNET), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. RigNet has $35 highest and $15 lowest target. $25.50’s average target is 92.89% above currents $13.22 stock price. RigNet had 8 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Hold” rating by Oppenheimer given on Wednesday, August 5. The stock of RigNet, Inc. (NASDAQ:RNET) has “Buy” rating given on Tuesday, June 28 by Sidoti. The stock of RigNet, Inc. (NASDAQ:RNET) has “Hold” rating given on Wednesday, August 16 by Piper Jaffray. The rating was downgraded by Sidoti to “Neutral” on Tuesday, November 10. The rating was maintained by Wells Fargo on Thursday, March 8 with “Market Perform”. Sidoti initiated the shares of RNET in report on Monday, August 31 with “Buy” rating.
Central Asset Investments & Management Holdings (Hk) Ltd holds 8.43% of its portfolio in Western Digital Corporation for 141,840 shares. Harvest Capital Strategies Llc owns 325,000 shares or 5.36% of their US portfolio. Moreover, Villere St Denis J & Co Llc has 5.2% invested in the company for 1.03 million shares. The Florida-based Intrepid Capital Management Inc has invested 5.1% in the stock. Orca Investment Management Llc, a Oregon-based fund reported 58,405 shares.
Since January 1, 0001, it had 0 buys, and 11 sales for $24.09 million activity.
The stock increased 0.31% or $0.32 during the last trading session, reaching $103.48. About 894,446 shares traded. Western Digital Corporation (WDC) has risen 125.85% since March 20, 2017 and is uptrending. It has outperformed by 109.15% the S&P500.