Quantum (NASDAQ:QMCO) Stock Falls 7.8% - What's Next?

Key Points

• Quantum shares fell 7.8% to $15.33 on Friday, with trading volume 70% below the average session volume.
• Analyst sentiment is mixed but leans positive: five analysts rate QMCO Buy and one Sell, giving it a consensus “Moderate Buy” rating and a $28.33 price target.
• Quantum beat quarterly estimates, reporting EPS of $0.25 versus $0.12 expected and revenue of $89.63 million versus $82.30 million expected, though it posted a negative net margin.

Quantum Corporation (NASDAQ:QMCO - Get Free Report) fell 7.8% during trading on Friday. The stock traded as low as $15.03 and last traded at $15.3250. 344,328 shares were traded during trading, a decline of 70% from the average session volume of 1,144,015 shares. The stock had previously closed at $16.63.

Wall Street Analyst Weigh In

QMCO has been the topic of several recent research reports. Northland Securities raised shares of Quantum from a "market perform" rating to an "outperform" rating and set a $24.00 price target on the stock in a research report on Tuesday, August 11th. Litchfield Hills Research assumed coverage on shares of Quantum in a research report on Monday, August 10th. They set a "buy" rating for the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Quantum in a research note on Monday, September 21st. Wall Street Zen upgraded shares of Quantum from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Finally, Cantor Fitzgerald boosted their target price on shares of Quantum from $29.00 to $32.00 and gave the company an "overweight" rating in a report on Tuesday. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $28.33.

Quantum Trading Down 8.6%

The firm's fifty day moving average is $23.52 and its 200-day moving average is $13.49. The stock has a market capitalization of $601.31 million, a PE ratio of -1.40 and a beta of 3.23.

Quantum (NASDAQ:QMCO - Get Free Report) last announced its earnings results on Monday, November 9th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.13. The company had revenue of $89.63 million during the quarter, compared to analyst estimates of $82.30 million. Quantum had a negative net margin of 73.54% and a negative return on equity of 3.99%. Quantum has set its Q3 2027 guidance at 0.100-0.300 EPS. As a group, equities analysts predict that Quantum Corporation will post 0.31 EPS for the current year.

Institutional Trading of Quantum

Several institutional investors have recently added to or reduced their stakes in QMCO. State Street Corp lifted its stake in Quantum by 4.3% during the second quarter. State Street Corp now owns 75,914 shares of the company's stock worth $835,000 after purchasing an additional 3,100 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Quantum in the 2nd quarter valued at $372,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Quantum in the 2nd quarter valued at $381,000. Man Group plc purchased a new stake in shares of Quantum in the 2nd quarter valued at $755,000. Finally, Sona Asset Management US LLC acquired a new position in Quantum during the 1st quarter worth about $333,000. Institutional investors and hedge funds own 63.66% of the company's stock.

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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