RigNet a global technology company that provides customized data and communications services. Co.'s segments are: Managed Communications Services, which provides remote communications, telephony, and technology services for offshore and onshore drilling rigs and production facilities, support vessels, and other remote sites; Applications and Internet-of-Things, which provides applications over-the-top of the network layer including Software as a Service offerings such as a real-time machine learning and AI data platform, Cyphre® Encryption, and cybersecurity services; and Systems Integration, which provides design and implementation services for customer telecommunications systems. We show 43 historical shares outstanding datapoints in our RNET shares outstanding history coverage, used to compute RNET market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing RNET market cap history over the course of time is important for investors
interested in comparing RNET's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of RNET versus a peer is one thing; comparing
RNET market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like RNET can fluctuate over the course of history.
With this page we aim to empower investors researching RNET by allowing them to research the RNET market cap history. |
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Video: The Importance of Market Cap
