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Quantum Corporation (QMCO)

NASDAQ: QMCO · IEX Real-Time Price · USD
5.59
-0.02 (-0.36%)
After-hours:Oct 25, 2021 4:58 PM EDT
5.61
0.16 (2.94%)
At close: Oct 25, 4:00 PM
Market Cap326.57M
Revenue (ttm)365.37M
Net Income (ttm)-28.88M
Shares Out57.13M
EPS (ttm)-0.61
PE Ration/a
Forward PE68.03
Dividendn/a
Ex-Dividend Daten/a
Volume152,354
Open5.43
Previous Close5.45
Day's Range5.41 - 5.63
52-Week Range4.05 - 9.47
Beta2.20
AnalystsStrong Buy
Price Target11.75 (+109.4%)
Est. Earnings DateNov 3, 2021

About QMCO

Quantum Corporation provides products for storing and managing digital video and unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers StorNext software systems that enable high-speed ingest, editing, processing, and management of digital video and image datasets; and Scalar tape systems that provide long-term data storage facility to archive and preserve digital content for decades. It also provides DXi backup systems for backup storage and multi-site disaster recovery; surveillance and ph...

IndustryTechnology Hardware, Storage & Peripherals
Founded1980
CEOJon Gacek
Employees827
Stock ExchangeNASDAQ
Ticker SymbolQMCO
Full Company Profile

Financial Performance

In 2020, QMCO's revenue was $349.58 million, a decrease of -13.25% compared to the previous year's $402.95 million. Losses were -$35.46 million, 580.6% more than in 2019.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for QMCO stock is "Strong Buy." The 12-month stock price forecast is 11.75, which is an increase of 109.45% from the latest price.

Price Target
$11.75
(109.45% upside)
Analyst Consensus: Strong Buy

News

Quantum Collaborates With IBM On LTO Technology

Quantum Corp (NASDAQ: QMCO) bonded with International Business Machines Corp (NYSE: IBM) on the next generation of LTO technology. The specific terms of the agreement remain undisclosed.

Other symbols:IBM
6 days ago - Benzinga

Quantum Announces Partnership with IBM for Next Generation of LTO Technology

SAN JOSE, Calif., Oct. 19, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced a partnership with IBM on the next generation of LTO technology.

6 days ago - PRNewsWire

Quantum to Release Fiscal Second Quarter 2022 Financial Results and Host Investor Conference Call on Wednesday, Novem...

SAN JOSE, Calif., Oct. 14, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) announced today it will release financial results for its second fiscal quarter ended September 30, 2021, on Wednesday,...

1 week ago - PRNewsWire

Quantum CatDV 2021 Platform Update Streamlines Content Production with Review and Approval Framework, Host of New Fea...

SAN JOSE, Calif., Oct. 14, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO)  today announced the availability of the Quantum® CatDV 2021 Platform Update with major new features, performance enhan...

1 week ago - PRNewsWire

Quantum Announces New Collaboration and Remote Editing Solution for Adobe Premiere Pro Users

SAN JOSE, Calif., Oct. 12, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced the immediate availability of the Quantum® Collaborative Workflow Solution powered by CatDVTM.

1 week ago - PRNewsWire

Quantum Redefines Long-Term Data Archiving with New Class of Storage and New Line of Fully Managed Object Storage Ser...

SAN JOSE, Calif., Oct. 5, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced two breakthrough innovations aimed at organizations generating, storing, and managing huge amounts of data.

2 weeks ago - PRNewsWire

Quantum Announces Appointment of Data Analytics Expert Emily White to Board of Directors

SAN JOSE, Calif., Sept. 29, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced that Emily White has joined the company's Board of Directors.

3 weeks ago - PRNewsWire

Quantum Announces Inducement Grant under Nasdaq Listing Rule 5635(c)(4)

SAN JOSE, Calif., Sept. 3, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) a global leader in data and storage management solutions for unstructured data (the "Company"), announced today that ef...

1 month ago - PRNewsWire

Quantum announces reference architecture for Autonomous Driving Systems and Industrial AI/ML application development

SAN JOSE, Calif., Aug. 31, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced the release of a new end-to-end reference architecture for Advanced Driver-Assistance Systems (ADAS) an...

1 month ago - PRNewsWire

Quantum Announces Definitive Agreement to Acquire Hyperconverged Software Startup EnCloudEn™ Technology

SAN JOSE, Calif., Aug. 26, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced a definitive agreement to acquire the assets of EnCloudEn, an early stage hyperconverged infrastructure...

1 month ago - PRNewsWire

Quantum to Participate at Upcoming Investor Conferences

SAN JOSE, Calif., Aug. 23, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced that Jamie Lerner, Chairman and CEO, and Mike Dodson, Chief Financial Officer, will participate at the ...

2 months ago - PRNewsWire

Quantum Appoints Industry Veteran John Hurley as Chief Revenue Officer

SAN JOSE, Calif., Aug. 11, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced the appointment of John Hurley as Chief Revenue Officer.

2 months ago - PRNewsWire

Quantum Reports First Quarter Fiscal 2022 Results

SAN JOSE, Calif., Aug. 9, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) announced today financial results for its fiscal first quarter ended June 30, 2021.

2 months ago - PRNewsWire

Quantum Successfully Completes Debt Refinancing

SAN JOSE, Calif., Aug. 5, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) announced today it has completed the refinancing of its senior secured term loan.

2 months ago - PRNewsWire

Quantum Corp. (QMCO) Reports Next Week: What You Should Expect

Quantum Corp. (QMCO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

Quantum to Release Fiscal First Quarter 2022 Financial Results and Host Investor Conference Call on Monday, August 9th

SAN JOSE, Calif., July 20, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) announced today it will release financial results for its first fiscal quarter ended June 30, 2021 on Monday, August 9,...

3 months ago - PRNewsWire

Quantum To Acquire Surveillance Portfolio, Assets From Pivot3 For $8.9M

Quantum Corp (NASDAQ: QMCO) inked an agreement to acquire the video surveillance portfolio and assets of Pivot3 for $8.9 million in cash and stock. Pivot3 is a pioneer in hyperconverged infrastructure (...

3 months ago - Benzinga

Quantum Acquires Surveillance Portfolio and Assets from Pivot3, a Market Leader in Hyperconverged Infrastructure for ...

SAN JOSE, Calif., July 19, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced an agreement to acquire the video surveillance portfolio and assets of Pivot3, a pioneer in hyperconver...

3 months ago - PRNewsWire

EFD Digital Chooses Quantum Subscription-Based Software Platform to Power its New Post-Production Studio

SAN JOSE, Calif., July 13, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced that EFD Digital, a new division of EFD International, deployed an end-to-end Quantum software platform...

3 months ago - PRNewsWire

Quantum Appoints Ross Fujii as General Manager to Accelerate Software Distribution Model and Drive Growth in Emerging...

SAN JOSE, Calif., June 28, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced software veteran Ross Fujii will advance the company's transformation and growth strategy by stepping i...

3 months ago - PRNewsWire

Quantum, Supermicro Partner To Expand Object Storage Software Solutions Coverage

Quantum Corp (NASDAQ: QMCO) collaborated with enterprise computing provider Supermicro to deliver object storage solutions to extract more value from their increasing data stores. It will help Supermicr...

4 months ago - Benzinga

Quantum Collaborates With Supermicro to Expand Reach of Next-Gen Object Storage Software

SAN JOSE, Calif., June 24, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) is collaborating with global enterprise computing leader Supermicro ®  to deliver object storage solutions to customers...

4 months ago - PRNewsWire

Quantum to Participate at the Craig-Hallum Institutional Investor Conference on June 2

SAN JOSE, Calif., May 28, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced that Jamie Lerner, Chairman and CEO, and Mike Dodson, Chief Financial Officer, will participate at the C...

4 months ago - PRNewsWire

Recap: Quantum Q4 Earnings

Shares of Quantum (NASDAQ:QMCO) fell 5.2% in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 150.00% over the past year to $0.03, which beat the ...

4 months ago - Benzinga

Quantum Corp. (QMCO) Q4 Earnings Surpass Estimates

Quantum Corp. (QMCO) delivered earnings and revenue surprises of 200.00% and -5.73%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research