SLIDESHOW: Top 10 Cheap Technology Stocks
By Dividend Channel Staff, updated Mon, April 29, 4:48 AM
This Slide: #1 of 10 |
#10. Rimini Street
Trading Symbol
RMNI
Recent Price
2.80
TTM Earnings
0.54
PE Ratio (TTM)
5.2
Avg Past PE (TTM)
31.9
Market Cap
251.7M
#10. Rimini Street
Trading Symbol
RMNI
Recent Price
2.80
TTM Earnings
0.54
PE Ratio (TTM)
5.2
Avg Past PE (TTM)
31.9
Market Cap
251.7M
Rimini Street is a global provider of enterprise software support products and services, and an independent software support provider for Oracle and SAP products. Co.'s subscription-based software support products and services provide enterprise software licensees a choice of solutions that replace or supplement the support products and services provided by enterprise software vendors for their products. Co. also provides a support service, Rimini Street Extra Secure Support, available to clients that require higher level of security background checks for engineers accessing the client's system than its standard employment security background check process. More details about Rimini Street at: http://www.reministreet.com.
ETFs holding RMNI »
Should Rimini Street shares be counted among the Top 10 Cheap Technology Stocks? To start, we see that the recent trading price for RMNI stock is $2.80 (as of 4/26/2024). The most recent quarter's (MRQ) earnings result, annualized, was $0.76/share. Looking at the sum total of quarterly earnings across the trailing twelve month (TTM) period, Rimini Street produced $0.54/share. And taking the median quarterly result across the TTM period, and annualizing it, results in $0.48/share. Comparing these various earnings metrics against the stock price, we end up with a PE ratio of 5.8 for the TTM Median method, 3.7 for price to earnings using MRQ annualized, and 5.2 for current price/TTM earnings. Based on RMNI's history, that recent TTM PE is low relative to the historical average, with the recent PE 83.7% lower than the average (TTM method) of 31.9.
Should Rimini Street shares be counted among the Top 10 Cheap Technology Stocks? To start, we see that the recent trading price for RMNI stock is $2.80 (as of 4/26/2024). The most recent quarter's (MRQ) earnings result, annualized, was $0.76/share. Looking at the sum total of quarterly earnings across the trailing twelve month (TTM) period, Rimini Street produced $0.54/share. And taking the median quarterly result across the TTM period, and annualizing it, results in $0.48/share. Comparing these various earnings metrics against the stock price, we end up with a PE ratio of 5.8 for the TTM Median method, 3.7 for price to earnings using MRQ annualized, and 5.2 for current price/TTM earnings. Based on RMNI's history, that recent TTM PE is low relative to the historical average, with the recent PE 83.7% lower than the average (TTM method) of 31.9.
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Buy (2.67 out of 4) 17th percentile
(ranked lower than approx. 83% of all stocks covered)
Analysts' Target Price: RMNI Forecast Based on data provided by Zacks Investment Research via Quandl.com |
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