Professional
Added to YB: 2024-06-27
Pitch date: 2024-06-26
RMNI [neutral]
Rimini Street, Inc.
+15.44%
current return
Author Info
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Company Info
Rimini Street, Inc. provides enterprise software support, managed services, and Agentic AI ERP solutions.
Market Cap
$300.7M
Pitch Price
$2.98
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.32
P/E
8.41
EV/Sales
0.64
Sector
Software
Category
turnaround
Rimini Street's Sales Issue
RMNI: Sales slowdown & Oracle lawsuit concerns. Oracle/SAP price cuts erode competitive edge. Poor sales adaptation post-COVID. Rimini One uptake slow. Employee reviews indicate persistent sales issues. High revenue retention provides floor. Upside limited to 60-70% even with lawsuit win. Better opportunities elsewhere despite slight gain.
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