Streetbeat News

RMNI

Rimini Street, Inc.

https://www.riministreet.com

Industry

Software - Application

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 incorporated in 2005 and is headquartered in Las Vegas, Nevada.

Open

1.97

Mkt cap

175M

Volume

149K

High

1.97

P/E Ratio

-5.08

52-wk high

3.44

Low

1.93

Div yield

N/A

52-wk low

1.53

Alliance Global Partners has downgraded Rimini Street (NASDAQ:RMNI) from Buy to Neutral, as per analyst Brian Kinstlinger.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:28 pm

Rimini Street shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:37 pm

Rimini Street (NASDAQ:RMNI) reported Q2 2024 GAAP EPS of $(0.01), missing the $0.04 estimate by 125%. Sales were $103.10M, missing the $105.44M estimate by 2.22% and down 3.12% from last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:35 pm

Ricoh Company, Ltd. has chosen Rimini Street, Inc. (NASDAQ:RMNI) to optimize and secure its Oracle EBS and Database instances. This move is part of Ricoh's strategy to explore new ERP solutions independent of Oracle.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 1:10 pm

Brazilian retailer Americanas has selected Rimini Street to manage its SAP landscape, including SAP ECC 6, S/4HANA, and RISE platforms. Rimini Street will provide operational efficiencies and competitive advantages for Americanas' extensive system landscape.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 1:04 pm

Sunway Group has chosen Rimini Street's software support and managed services to optimize IT resources and fund AI and customer experience projects. This move allows Sunway to reallocate resources towards digital transformation initiatives.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:07 pm

Pacific Healthcare has decided to use Rimini Street's support services for its Oracle software. This move is expected to help Pacific Healthcare reduce costs and improve efficiency.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 1:09 pm

Alliance Global Partners analyst Brian Kinstlinger has maintained a Buy rating on Rimini Street (NASDAQ:RMNI) but lowered the price target from $5.5 to $4.5.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 6:23 pm

Rimini Street (NASDAQ:RMNI) reported Q1 2024 earnings of $0.08 per share, missing the consensus estimate of $0.10, a 33.33% decrease from last year. However, sales of $106.745M exceeded estimates by 0.51%, marking a 1.17% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:19 am

The article lists companies scheduled to report their earnings on February 28, 2024, including their expected earnings per share and revenue. It covers a wide range of sectors and provides a comprehensive overview of the financial performance expectations for these companies.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 11:24 am

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