Rimini Street, Inc. (RMNI) Misses Q4 EPS by 9c, Revenues Beat; Offers Q1 & FY19 Revenue Guidance

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Rimini Street (RMNI) PT Lowered to $10 at Cowen

March 15, 2019 9:27 AM EDT

Cowen analyst Derrick Wood lowered the price target on Rimini Street (NASDAQ: RMNI) to $10.00 (from $11.50) while maintaining a Outperform rating following the company's 4Q. RMNI delivered a solid quarter, with better than expected revenue (beat by $4.1 mln) and operating income (14.7% margin vs. our 4.0%... More