Rimini Street: High Uncertainty Pressuring Near-Term Outlook

  • Rimini Street provides enterprise software solutions and services, with disappointing all-time share performance.
  • Financial reviews show steady fundamentals but weakened performance over the past five years, with minimal catalysts and high risk due to ongoing litigation.
  • I rate the stock neutral due to uncertainty in outlook, and challenges in properly valuing the company.

Rimini Street (NASDAQ:RMNI) is a company providing Oracle, SAP, Microsoft, Salesforce and IBM enterprise software solutions, ranging from support, managed services, to maintenance.

All-time share performance has been disappointing. Having gone public in 2017 at a $10 price level, the