In this article, I will discuss the fundamentals and the long-term revenue growth drivers for RigNet (NASDAQ:RNET), which is available to investors at an attractive valuation compared to its future growth potential.
Company And Business Overview
RigNet is a network infrastructure provider of remote communication and collaborative applications to the oil and gas industry (offshore and onshore). RigNet delivers voice, data, video and other collaborative services under a multi-tenant revenue model (long-term contracts) through a controlled and managed IP/MPLS (Internet Protocol/Multiprotocol Label Switching) global network. RigNet also delivers turnkey solutions and value-added services to simplify the management of multiple communication services. Therefore, the revenue growth for the company primarily comes from communication sites added, ARPU growth and from...
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