Skip to main content

Rimini Street, Inc. (RMNI)

NASDAQ: RMNI · IEX Real-Time Price · USD
10.07 0.05 (0.50%)
Oct 21, 2021 4:00 PM EDT - Market closed
Market Cap861.93M
Revenue (ttm)349.86M
Net Income (ttm)10.20M
Shares Out85.34M
EPS (ttm)-0.26
PE Ration/a
Forward PE19.61
Dividendn/a
Ex-Dividend Daten/a
Volume214,505
Open10.01
Previous Close10.02
Day's Range9.90 - 10.18
52-Week Range3.04 - 11.04
Beta0.53
AnalystsStrong Buy
Price Target11.63 (+15.5%)
Est. Earnings DateNov 4, 2021

About RMNI

Rimini Street, Inc. provides enterprise software products, services, and support for various industries. The company offers software support services for Oracle and SAP enterprise software products. It sells its solutions primarily through direct sales organizations in North America, Latin America, Europe, Africa, the Middle East, Asia, and the Asia-Pacific. Rimini Street, Inc. was founded in 2005 and is headquartered in Las Vegas, Nevada.

IndustrySoftware
Founded2005
Employees1,550
Stock ExchangeNASDAQ
Ticker SymbolRMNI
Full Company Profile

Financial Performance

In 2020, Rimini Street's revenue was $326.78 million, an increase of 16.27% compared to the previous year's $281.05 million. Earnings were $12.98 million, a decrease of -25.95%.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for Rimini Street stock is "Strong Buy." The 12-month stock price forecast is 11.63, which is an increase of 15.49% from the latest price.

Price Target
$11.63
(15.49% upside)
Analyst Consensus: Strong Buy

News

Rimini Street Announces Upcoming Virtual Investor Conference Schedule

LAS VEGAS--(BUSINESS WIRE)--Rimini Street Announces Upcoming Virtual Investor Conference Schedule

19 hours ago - Business Wire

Rimini Street to Report Third Quarter 2021 Financial Results on November 3, 2021

LAS VEGAS--(BUSINESS WIRE)--Rimini Street to Report Third Quarter 2021 Financial Results n November 3, 2021

1 day ago - Business Wire

Leading South Korean Furniture Manufacturer Empowered to Focus on IT Modernization Goals After Switching to Rimini St...

LAS VEGAS--(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software produ...

2 days ago - Business Wire

Open Universities Australia Leverages Rimini Street's Proven Tax, Legal and Regulatory Expertise to Meet New Governme...

LAS VEGAS--(BUSINESS WIRE)-- #RMNI--Updates support new higher education student data reporting regulations

1 week ago - Business Wire

Rimini Street (RMNI) Surges 5%: Is This an Indication of Further Gains?

Rimini Street (RMNI) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the...

2 weeks ago - Zacks Investment Research

Rimini Street UK Once Again Ranked in the Top 20 for 2021 UK's Best Workplaces™ in Tech

LAS VEGAS & LONDON--(BUSINESS WIRE)-- #BestWorkplaces--Rimini Street receives employee recognition for a consistently great workplace experience for second consecutive year

2 weeks ago - Business Wire

Rimini Street Introduces Board Members Jay Snyder and Katrinka McCallum

LAS VEGAS--(BUSINESS WIRE)-- #RMNI--Company adds seasoned executives to its board who bring a combined 50+ years of technology experience

1 month ago - Business Wire

Rimini Street India Managing Director Honored in the Top 25 of India's Best Leaders in Times of Crisis

LAS VEGAS--(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software produ...

1 month ago - Business Wire

Rimini Street Honored With Seven Stevie® Awards for Technical Innovation, Excellence in Customer Service, Global Grow...

LAS VEGAS--(BUSINESS WIRE)-- #RMNI--Company receives a Gold Award in Science or Technology for its innovative, proprietary AI Support Platform

1 month ago - Business Wire

Origin Energy Switches to Rimini Street Support

LAS VEGAS--(BUSINESS WIRE)-- #ERPsupport--Leading Australian energy company attracted to Rimini Street's support model and avenue to reduce costs

1 month ago - Business Wire

Rimini Street Extends Its Award-Winning Support, Application Management, Security and Migration Services to Leading O...

LAS VEGAS--(BUSINESS WIRE)-- #RMNI--Company provides global, mission-critical “turnkey” enterprise-class database services from a single partner

1 month ago - Business Wire

Rimini Street Awarded Grand Prize For Best Customer Support by the Japan Institute of Information Technology

LAS VEGAS--(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software produ...

1 month ago - Business Wire

T-Mobile's Use of Rimini Street Support for Its SAP Applications Helps Enable Competitive Differentiation and Enhance...

LAS VEGAS--(BUSINESS WIRE)-- #RMNI--Company's mission-critical support infrastructure empowers the fastest 5G network provider in the U.S. to deliver on its brand promise

1 month ago - Business Wire

Rimini Street to Present at the BMO 2021 Technology Summit on August 24, 2021

LAS VEGAS--(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software produ...

2 months ago - Business Wire

Rimini Street (RMNI) Reports Q2 Loss, Tops Revenue Estimates

Rimini Street (RMNI) delivered earnings and revenue surprises of -136.36% and 2.05%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Rimini Street Announces Fiscal Second Quarter 2021 Financial Results

LAS VEGAS--(BUSINESS WIRE)--Quarterly revenue of $91.6 million, up 16.9% year over year. Gross margin of 62.2%, up from 61.2% year over year.

2 months ago - Business Wire

Analysts Estimate Rimini Street (RMNI) to Report a Decline in Earnings: What to Look Out for

Rimini Street (RMNI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

Rimini Street Completes $90 Million Commercial Bank Financing and Fully Redeems Remaining Series A Preferred Stock

LAS VEGAS--(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software produ...

3 months ago - Business Wire

Rimini Street to Report Second Quarter 2021 Financial Results on August 4, 2021

LAS VEGAS--(BUSINESS WIRE)--Rimini Street to Report Second Quarter 2021 Financial Results on August 4, 2021

3 months ago - Business Wire

Rimini Street Announces $90 Million Commercial Bank Financing to Fully Redeem Remaining Series A Preferred Stock

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #RMNI--Capital One, National Association provides capital at LIBOR + 1.75% - 2.50% to replace Company's Series A Preferred stock dividends and costs

3 months ago - Business Wire

County of Fresno Switches to Rimini Street Support and Reinvests Annual Oracle Support Cost Savings in Growing Its Pu...

LAS VEGAS--(BUSINESS WIRE)-- #RMNI--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP softwa...

3 months ago - Business Wire

Rimini Street Promotes and Appoints New Regional GM for OCEANIA

LAS VEGAS--(BUSINESS WIRE)-- #RMNI--Promotion of acting regional leader to support and capitalize on continued growing demand for third-party support solutions

3 months ago - Business Wire

Rimini Street Promotes Seasoned and Successful OCEANIA Regional GM to Run Larger EMEA Theatre

LAS VEGAS--(BUSINESS WIRE)-- #RMNI--New leader to capitalize on increasing demand for third-party support solutions across EMEA

3 months ago - Business Wire

Rimini Street UK Recognized in the Top 20 of the 2021 UK's Best Workplaces™ for Women

LAS VEGAS & LONDON--(BUSINESS WIRE)-- #RMNI--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and S...

3 months ago - Business Wire

Leading Brazilian Chemical Distributor Switches to Rimini Street Support for SAP S/4HANA

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #RMNI--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SA...

3 months ago - Business Wire