Quantum Corporation (QMCO)

NASDAQ: QMCO · IEX Real-Time Price · USD
0.413
+0.008 (2.03%)
At close: Apr 24, 2024, 4:00 PM
0.430
+0.017 (4.12%)
Pre-market: Apr 25, 2024, 6:50 AM EDT
2.03%
Market Cap 39.25M
Revenue (ttm) 407.47M
Net Income (ttm) -38.30M
Shares Out 95.04M
EPS (ttm) -0.40
PE Ratio n/a
Forward PE 1.85
Dividend n/a
Ex-Dividend Date n/a
Volume 130,051
Open 0.410
Previous Close 0.405
Day's Range 0.404 - 0.439
52-Week Range 0.240 - 1.320
Beta 2.54
Analysts Buy
Price Target 1.40 (+238.98%)
Earnings Date Jun 4, 2024

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 Myriad All-Flash File and Object Storage Software for high performance enterprise unstructured data applications such as AI, machine learning, and data analytics; Unified Surveillance Platform Software that unified compute and storage for video surveillance recording, storage, and analytics; StorNext Hybrid Flash/Disk File Storage Software for video editing,... [Read more]

Sector Technology
Founded 1980
Employees 850
Stock Exchange NASDAQ
Ticker Symbol QMCO
Full Company Profile

Financial Performance

In 2022, Quantum's revenue was $412.75 million, an increase of 10.71% compared to the previous year's $372.83 million. Losses were -$38.33 million, 18.7% more than in 2021.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for QMCO stock is "Buy." The 12-month stock price forecast is $1.4, which is an increase of 238.98% from the latest price.

Price Target
$1.4
(238.98% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Quantum Provides Additional Business Updates

SAN JOSE, Calif.--(BUSINESS WIRE)--Quantum Corporation (Nasdaq: QMCO), a leader in solutions for AI and unstructured data, provided additional updates on its business. Fiscal Fourth Quarter 2024 Liqui...

12 days ago - Business Wire

Quantum to Offer Advanced Filesharing Technology and Performance in StorNext and Myriad Solutions

SAN JOSE, Calif.--(BUSINESS WIRE)--Quantum® Corporation (NASDAQ: QMCO), the pioneer in end-to-end data management solutions designed for the AI era, announced today that it is adding advanced file ser...

13 days ago - Business Wire

Quantum Announces ActiveScale All-Flash Object Storage Solution to Accelerate AI Pipelines, Power Massive Data Lakes and Build Storage Clouds

SAN JOSE, Calif.--(BUSINESS WIRE)--Quantum® Corporation (NASDAQ: QMCO), the pioneer in end-to-end data management solutions designed for the AI era, today announces ActiveScale® Z200 all-flash object ...

22 days ago - Business Wire

Quantum Provides Business Update

SAN JOSE, Calif.--(BUSINESS WIRE)--Quantum Corporation (Nasdaq: QMCO) ("Quantum" or the "Company"), the pioneer in end-to-end data management solutions designed for the AI era, today filed a Form 8-K ...

4 weeks ago - Business Wire

Quantum Announces the Scalar i7 RAPTOR for Data Lakes to fuel AI models, Private and Hybrid Clouds, and Unmatched Data Protection

SAN JOSE, Calif.--(BUSINESS WIRE)--Quantum Corporation (NASDAQ: QMCO) today announced the Scalar i7 RAPTOR, the latest in tape innovation to support growing AI use cases. Built to handle advanced AI w...

4 weeks ago - Business Wire

Quantum Announces Waiver and Amendment to Term Loan and Revolving Credit Agreements

SAN JOSE, Calif.--(BUSINESS WIRE)--Quantum Corporation (NASDAQ: QMCO) (“Quantum or the “Company”) today filed a Form 8-K detailing amendments to the Company's term loan and revolving credit agreements...

2 months ago - Business Wire

Quantum Announces Delayed Form 10-Q Filing for Quarter Ending December 31, 2023

SAN JOSE, Calif.--(BUSINESS WIRE)--Quantum Corporation (NASDAQ: QMCO) (“Quantum or the “Company”) announced today that it has filed a Form 12b-25 Notification of Late Filing for the quarter ended Dece...

2 months ago - Business Wire

XENON Systems Purchases Myriad All-Flash Cloud-Native Solution to Fuel AI, Power Research and Data Science Workloads

All-flash file and object software delivers hot-to-cold data solution in tandem with Quantum ActiveScale SAN JOSE, Calif. , Feb. 13, 2024 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) announces t...

2 months ago - PRNewsWire

Amidata Expands Offerings Based on Quantum End-to-End Solutions, Launches New Cloud Storage Service Built on ActiveScale Object Storage

Leading managed services provider deploys Quantum ActiveScale for active and cold data use cases after success with other Quantum solutions SAN JOSE, Calif. , Jan. 30, 2024 /PRNewswire/ -- Quantum Cor...

3 months ago - PRNewsWire

Nasdaq Accepts Quantum's Plan to Regain Listing Compliance

SAN JOSE, Calif. , Jan. 27, 2024 /PRNewswire/ -- Quantum Corporation (Nasdaq: QMCO) ("Quantum" or the "Company") announced today that it has been notified by the Listing Qualifications Department of t...

3 months ago - PRNewsWire

Quantum Announces Update on Plan to Regain Nasdaq Compliance and Delayed Form 10-Q Filing

SAN JOSE, Calif. , Jan. 17, 2024 /PRNewswire/ -- Quantum Corporation (Nasdaq: QMCO) ("Quantum" or the "Company") announced today that in accordance with Nasdaq Listing Rules, the Company has submitted...

3 months ago - PRNewsWire

MR Datentechnik Builds a Scalable, S3-Compatible Storage Service with Quantum ActiveScale to Drive New Revenue Streams

SAN JOSE, Calif. , Dec. 12, 2023 /PRNewswire/ -- Quantum, the leader in solutions for unstructured data, today announced that MR Datentechnik, a leading German IT solutions and managed services provid...

4 months ago - PRNewsWire

Top 5 Tech Stocks That Could Lead To Your Biggest Gains In December - ReAlpha Tech Corp (NASDAQ:AIRE), Digital Ally (NASDAQ:DGLY)

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

Other symbols: AIREDGLYNOKRDZN
5 months ago - Benzinga

Quantum Myriad™ All-Flash File and Object Solution Now Generally Available

In early-access testing, cloud-native solution demonstrates high performance, ease of use SAN JOSE, Calif. , Nov. 29, 2023 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO), the leader in solutions f...

5 months ago - PRNewsWire

Quantum Announces Notification from Nasdaq Related to Delayed Form 10-Q Filing

SAN JOSE, Calif., Nov. 17, 2023 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) ("Quantum" or the "Company") announced today that it received a notice (the "Notice") from the Listing Qualifications...

5 months ago - PRNewsWire

Quantum Files Form 12b-25 Notification of Late filing

Announces Postponement of Second Quarter Earnings Release and Conference Call SAN JOSE, Calif. , Nov. 13, 2023 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) ("Quantum or the "Company") announced ...

5 months ago - PRNewsWire

Quantum Announces New DXi Edge-Core-Cloud Bundles for Comprehensive Data Protection and Ransomware Recovery to Safeguard Business Operations Across the Distributed Enterprise

New backup appliance bundles provide highly optimized data replication and cloud tiering capabilities with up to 70X greater storage and networking efficiency SAN JOSE, Calif. , Oct. 11, 2023 /PRNewsw...

7 months ago - PRNewsWire

Quantum Announces New Pre-Configured ActiveScale Cold Storage Bundles to Make It Simple to Deploy On-Prem Cloud Resources and Unlock Value in Archived Data

Award-winning object storage solution is key part of Quantum's end-to-end data platform that enables flexible hybrid cloud workflows SAN JOSE, Calif. , Sept. 13, 2023 /PRNewswire/ -- Quantum Corporati...

8 months ago - PRNewsWire

Quantum to Participate at the Northland Institutional Investor Conference on September 19

SAN JOSE, Calif. , Sept. 9, 2023 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO), today announced that Jamie Lerner, Chairman and CEO of Quantum, and Kenneth Gianella, Chief Financial Officer, will...

8 months ago - PRNewsWire

Quantum to Participate at the Lake Street BIG7 Best Ideas Growth Conference on September 14

SAN JOSE, Calif. , Sept. 5, 2023 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO), today announced that Jamie Lerner, Chairman and CEO of Quantum, and Kenneth Gianella, Chief Financial Officer, will...

8 months ago - PRNewsWire

Quantum Expands Hybrid Cloud Leadership with New Features across End-to-End Unstructured Data Platform

New capabilities give customers choice in where and how they place their data to enhance agility, reduce business risks, and lower costs SAN JOSE, Calif. , Aug. 30, 2023 /PRNewswire/ -- Quantum Corpor...

8 months ago - PRNewsWire

Quantum Announces Partnership with Tiger Surveillance to Address Growing Need for Long-term Retention of Video Surveillance Data

Joint solutions enable simple integration of cloud storage into video surveillance workflows for data analysis, compliance and business insights SAN JOSE, Calif. , Aug. 16, 2023 /PRNewswire/ -- Quantu...

9 months ago - PRNewsWire

Quantum Reports First Quarter Fiscal 2024 Results

SAN JOSE, Calif. , Aug. 8, 2023 /PRNewswire/ -- Quantum Corporation (Nasdaq: QMCO) announced today financial results for its fiscal first quarter ended June 30, 2023.

9 months ago - PRNewsWire

Quantum to Participate at the Oppenheimer Technology, Internet & Communications Conference on August 9

SAN JOSE, Calif. , July 31, 2023 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO), today announced that Jamie Lerner, Chairman and CEO of Quantum, and Kenneth Gianella, Chief Financial Officer, will...

9 months ago - PRNewsWire