Quantum Corporation (NASDAQ:QMCO – Free Report) – Analysts at Northland Securities increased their Q2 2027 EPS estimates for shares of Quantum in a report released on Tuesday, August 11th. Northland Securities analyst N. Chokshi now expects that the company will post earnings of $0.09 per share for the quarter, up from their prior estimate of ($0.07). Northland Securities currently has a “Outperform” rating and a $24.00 price objective on the stock. The consensus estimate for Quantum’s current full-year earnings is ($0.28) per share. Northland Securities also issued estimates for Quantum’s Q3 2027 earnings at $0.08 EPS, Q4 2027 earnings at $0.02 EPS, FY2027 earnings at $0.31 EPS, Q1 2028 earnings at $0.26 EPS, Q2 2028 earnings at $0.20 EPS, Q3 2028 earnings at $0.24 EPS, Q4 2028 earnings at $0.16 EPS and FY2028 earnings at $0.86 EPS.
Quantum (NASDAQ:QMCO – Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.35. The company had revenue of $80.80 million during the quarter, compared to the consensus estimate of $75.05 million. Quantum has set its Q2 2027 guidance at 0.020-0.220 EPS.
View Our Latest Report on QMCO
Quantum Price Performance
QMCO opened at $20.49 on Friday. The business has a 50 day moving average price of $13.47 and a two-hundred day moving average price of $9.40. The company has a market capitalization of $807.51 million, a price-to-earnings ratio of -1.55 and a beta of 2.97. Quantum has a 1-year low of $4.19 and a 1-year high of $27.80.
Institutional Investors Weigh In On Quantum
Institutional investors and hedge funds have recently modified their holdings of the stock. Alyeska Investment Group L.P. purchased a new position in shares of Quantum during the second quarter valued at $29,193,000. Two Seas Capital LP acquired a new position in shares of Quantum in the 2nd quarter valued at about $27,374,000. Manatuck Hill Partners LLC purchased a new stake in shares of Quantum in the second quarter worth approximately $3,850,000. BlackRock Inc. purchased a new stake in Quantum in the 2nd quarter worth approximately $3,003,000. Finally, Marshall Wace LLP purchased a new position in shares of Quantum during the 2nd quarter valued at $1,775,000. 63.66% of the stock is owned by institutional investors and hedge funds.
About Quantum
Quantum Corporation (NASDAQ: QMCO) is a technology company that develops and delivers data management and storage solutions for businesses and organizations worldwide. The company’s product portfolio includes hardware, software and cloud-based offerings designed to address backup, archive, primary storage and long-term retention needs. Quantum’s solutions are geared toward data-intensive environments such as media and entertainment, surveillance, government, education and healthcare, where large volumes of digital content must be reliably stored, managed and accessed.
Quantum’s flagship products include the StorNext® data management platform, which provides high-performance shared file storage and workflow acceleration, and the DXi® series of deduplication appliances, which optimize backup and recovery by reducing storage footprints and data transfer times.
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