Quantum Corp (QTM) Set to Announce Earnings on Thursday

Quantum Corp (NYSE:QTM) is set to release its earnings data after the market closes on Thursday, November 9th. Analysts expect Quantum Corp to post earnings of ($0.01) per share for the quarter. Quantum Corp has set its Q2 guidance at 0.01-0.05 EPS.

Quantum Corp (NYSE:QTM) last posted its quarterly earnings data on Wednesday, August 9th. The technology company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). The business had revenue of $116.86 million for the quarter, compared to analysts’ expectations of $119.40 million. The firm’s revenue was up .5% on a year-over-year basis. On average, analysts expect Quantum Corp to post $0.34 EPS for the current fiscal year and $0.73 EPS for the next fiscal year.

Several brokerages recently weighed in on QTM. Lake Street Capital reduced their price target on Quantum Corp from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, August 10th. Zacks Investment Research cut Quantum Corp from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Finally, BidaskClub raised Quantum Corp from a “hold” rating to a “buy” rating in a research note on Monday, July 31st.

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In other news, insider Jon W. Gacek sold 5,793 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $6.19, for a total value of $35,858.67. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 8.55% of the company’s stock.

A hedge fund recently raised its stake in Quantum Corp stock. The Manufacturers Life Insurance Company raised its stake in Quantum Corp (NYSE:QTM) by 1,582.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,348 shares of the technology company’s stock after acquiring an additional 22,901 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.07% of Quantum Corp worth $190,000 as of its most recent SEC filing. Institutional investors own 64.17% of the company’s stock.

About Quantum Corp

Quantum Corporation focuses on scale-out storage, archive and data protection, providing solutions for capturing, sharing, managing and preserving digital assets over the entire data lifecycle. The Company’s end-to-end tiered storage solutions enable users to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity.

Earnings History for Quantum Corp (NYSE:QTM)

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