Quantum (OTCMKTS:QMCO) announced its quarterly earnings data on Wednesday. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07), MarketWatch Earnings reports. Quantum had a negative net margin of 2.58% and a negative return on equity of 1.24%. The company had revenue of $88.22 million for the quarter, compared to analysts’ expectations of $87.00 million. Quantum updated its Q1 2021
After-Hours guidance to -0.18–0.16 EPS.
QMCO stock opened at $3.93 on Friday. The business has a 50-day moving average price of $4.08 and a 200 day moving average price of $5.02. Quantum has a 1-year low of $1.26 and a 1-year high of $8.52.
A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Quantum from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a report on Friday. Lake Street Capital cut their target price on shares of Quantum from $8.00 to $5.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Finally, B. Riley reaffirmed a “buy” rating and set a $7.00 price objective on shares of Quantum in a research note on Thursday. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Quantum has a consensus rating of “Buy” and an average target price of $5.83.
Quantum Corporation provides scale-out storage, archive, and data protection solutions for small businesses and multi-national enterprises in the Americas, Europe, and the Asia Pacific. The company offers StorNext 5 software and hardware that offer file sharing and archiving in purpose-built configurations of metadata controllers, expansion appliances, and disk and archive enabled libraries; Xcellis product, which optimizes workflow and shared access by combining functions into a compact, space, and energy-saving solution; and Lattus Object Storage solutions that enable high volumes of data to be available to extract valuable information.
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