Rimini: Substantial Recurring Revenue, Reallocation Of Resources, And Undervalued [Seeking Alpha]
Rimini Street, Inc. (RMNI)
US:NASDAQ Investor Relations:
investors.riministreet.com/investor-relations
Company Research
Source: Seeking Alpha
Follow Summary Rimini Street, Inc. reports strong recurring revenue, a diversified client base, and international growth, with a market cap under $300 million and positive free cash flow. The company is reallocating resources, optimizing costs, and implementing a stock repurchase program, which could enhance free cash flow growth and lower the cost of capital. Risks include ongoing litigation with Oracle, potential price changes from software vendors, and a large shareholder selling shares, which could impact net income growth. Despite these risks, RMNI appears significantly undervalued with a target price of $12 per share, trading at a lower multiple compared to competitors. Cimmerian/E+ via Getty Images Rimini Street, Inc. ( NASDAQ: RMNI ) reports recurrent revenue, many clients, and international growth. The company recently announced the reallocation of resources, which could have a beneficial effect on future free cash flow growth. I also appreciate quite a bit tha
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RMNI
News
- Rimini Street Announces Expansion of its Database Security Solutions Providing Even More Extensive Security and Compliance Capabilities for Most Common Commercial and Open-Source DatabasesBusiness Wire
- Rimini Street Announces Fiscal Third Quarter 2024 Financial and Operating Results [Yahoo! Finance]Yahoo! Finance
- Rimini Street Announces Fiscal Third Quarter 2024 Financial and Operating ResultsBusiness Wire
- ServiceNow and Rimini Street partner on new enterprise software model to unlock value in existing ERP systems for net-new innovation, digital growth and scale [Yahoo! Finance]Yahoo! Finance
- Global Executive Search Firm Calibre One Announces Steve Davis as New PartnerPR Web
RMNI
Earnings
- 10/30/24 - Miss
RMNI
Sec Filings
- 10/30/24 - Form 8-K
- 10/30/24 - Form 10-Q
- 9/25/24 - Form 8-K
- RMNI's page on the SEC website