Quantum (NASDAQ:QMCO – Get Free Report) issued an update on its third quarter 2027 earnings guidance on Monday. The company provided EPS guidance of 0.100-0.300 for the period, compared to the consensus estimate of 0.110. The company issued revenue guidance of $89.0 million-$93.0 million, compared to the consensus revenue estimate of $85.5 million.
Quantum Trading Down 4.1%
NASDAQ:QMCO opened at $16.30 on Wednesday. The stock has a market cap of $642.38 million, a P/E ratio of -1.50 and a beta of 3.23. The stock has a 50 day simple moving average of $23.79 and a 200 day simple moving average of $13.39. Quantum has a 1-year low of $4.19 and a 1-year high of $35.65.
Quantum (NASDAQ:QMCO – Get Free Report) last released its quarterly earnings results on Monday, November 9th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.13. The company had revenue of $89.63 million during the quarter, compared to the consensus estimate of $82.30 million. Quantum had a negative net margin of 73.54% and a negative return on equity of 3.52%. Quantum has set its Q3 2027 guidance at 0.100-0.300 EPS. As a group, sell-side analysts forecast that Quantum will post 0.31 EPS for the current year.
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. Litchfield Hills Research began coverage on shares of Quantum in a research note on Monday, August 10th. They issued a “buy” rating on the stock. Cantor Fitzgerald boosted their price objective on shares of Quantum from $29.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday. Northland Securities upgraded Quantum from a “market perform” rating to an “outperform” rating and set a $24.00 target price for the company in a research note on Tuesday, August 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum in a report on Monday, September 21st. Finally, Wall Street Zen upgraded Quantum from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Five equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Quantum has an average rating of “Moderate Buy” and a consensus target price of $28.33.
View Our Latest Stock Analysis on Quantum
Key Headlines Impacting Quantum
Here are the key news stories impacting Quantum this week:
- Positive Sentiment: Revenue rose 42.9% year over year to $89.6 million, ahead of estimates, while reported EPS of $0.25 also beat consensus. Gross margin expanded to 41%. The company guided for Q3 revenue of $89–$93 million, above the roughly $85.5 million analyst estimate. Quantum Q2 results
- Positive Sentiment: Demand indicators were strong: hyperscale tape demand increased more than 2.6 times and backlog approached $100 million, supporting potential future sales. Zacks earnings call coverage
- Positive Sentiment: Cantor Fitzgerald raised its price target from $29 to $32 and maintained an Overweight rating, signaling improved analyst confidence. Cantor Fitzgerald rating
- Neutral Sentiment: Short-interest figures conflict: one report listed 4.5 million shares sold short at Oct. 30, up 46.4% from mid-October, while another reported zero as of Nov. 10. The later figure appears inconsistent, so the data does not provide a dependable short-interest signal.
- Negative Sentiment: Component shortages may limit how much of the strong demand and backlog Quantum can convert into Q3 revenue. Zacks earnings call coverage
- Negative Sentiment: Despite the EPS beat, a separate financial summary reported a $44.9 million net loss attributable to common shareholders, highlighting that underlying profitability remains a concern. That summary also noted insider sales and no insider purchases in the past six months.
Quantum Company Profile
Quantum Corporation provides data storage and management solutions for organizations that create and retain large volumes of unstructured data, including video, images and other digital content. Its customers include businesses and institutions in areas such as media and entertainment, government, life sciences and industrial markets. The company’s offerings include StorNext shared-storage and data-management software, Scalar tape libraries for backup and archiving, and ActiveScale object storage.
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