Quantum Sees Unusually Large Options Volume (NASDAQ:QMCO)

Posted by Francis Steltz on Nov 11th, 2026

Quantum Corporation (NASDAQ:QMCO – Get Free Report) saw some unusual options trading activity on Wednesday. Stock investors bought 3,824 call options on the stock. This is an increase of approximately 205% compared to the typical volume of 1,254 call options.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on QMCO. Weiss Ratings reiterated a “sell (d-)” rating on shares of Quantum in a research note on Monday, September 21st. Cantor Fitzgerald boosted their price target on shares of Quantum from $29.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday. Wall Street Zen raised shares of Quantum from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Lake Street Capital set a $29.00 price objective on Quantum and gave the stock a “buy” rating in a research report on Monday, September 14th. Finally, Litchfield Hills Research assumed coverage on Quantum in a research report on Monday, August 10th. They issued a “buy” rating on the stock. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Quantum has a consensus rating of “Moderate Buy” and an average price target of $28.33.

View Our Latest Stock Analysis on Quantum

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Man Group plc purchased a new position in shares of Quantum during the second quarter worth approximately $755,000. Squarepoint Ops LLC bought a new stake in shares of Quantum in the 2nd quarter worth approximately $372,000. Bank of America Corp DE lifted its holdings in shares of Quantum by 730.5% in the 2nd quarter. Bank of America Corp DE now owns 170,130 shares of the company’s stock worth $1,871,000 after acquiring an additional 149,645 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Quantum in the 2nd quarter worth approximately $3,003,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Quantum in the 2nd quarter valued at $381,000. 63.66% of the stock is currently owned by institutional investors.

Quantum News Roundup

These are some of the QMCO news items that stood out recently:

Positive Sentiment: Quantum reported Q2 revenue of $89.6 million, up 42.9% year over year and above estimates. EPS of $0.25 also beat consensus, and gross margin expanded to 41%. Quantum Q2 results
Neutral Sentiment: Short-interest data is inconsistent: one report lists 4.5 million shares short as of October 30, up 46.4% from mid-October and equal to 19.4% of shares, while another reports zero as of November 10. The figures warrant caution; elevated short interest can increase volatility in either direction.
Negative Sentiment: Component shortages could limit the company’s ability to convert strong demand and backlog into near-term revenue. Quantum also reported a substantial net loss despite improved sales and margins. Supply constraints discussion

Quantum Price Performance

QMCO stock traded up $1.09 during mid-day trading on Wednesday, hitting $17.39. 721,808 shares of the stock were exchanged, compared to its average volume of 1,143,511. The business has a fifty day moving average price of $23.79 and a 200 day moving average price of $13.39. Quantum has a 12 month low of $4.19 and a 12 month high of $35.65. The stock has a market capitalization of $685.18 million, a price-to-earnings ratio of -1.60 and a beta of 3.23.

Quantum (NASDAQ:QMCO – Get Free Report) last announced its quarterly earnings data on Monday, November 9th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.12 by $0.13. The firm had revenue of $89.63 million for the quarter, compared to analyst estimates of $82.30 million. Quantum had a negative return on equity of 3.52% and a negative net margin of 73.54%. Quantum has set its Q3 2027 guidance at 0.100-0.300 EPS. As a group, equities analysts forecast that Quantum will post 0.31 EPS for the current fiscal year.

Quantum Company Profile

(Get Free Report)

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.