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S&P 500   4,274.51
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The Strategic Gold Play You Haven't Heard About (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
This Little Known Automaker May Save Your Life and Your Portfolio
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Cintas: A Quality Buy and Hold Forever Stock at Any Price
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
3 Household Names With RSIs That Scream Oversold
The Strategic Gold Play You Haven't Heard About (Ad)
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Stock market today: Global shares mostly fall over China worries
The Strategic Gold Play You Haven't Heard About (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
This Little Known Automaker May Save Your Life and Your Portfolio
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Cintas: A Quality Buy and Hold Forever Stock at Any Price
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
3 Household Names With RSIs That Scream Oversold
The Strategic Gold Play You Haven't Heard About (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
Stock market today: Global shares mostly fall over China worries
The Strategic Gold Play You Haven't Heard About (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
This Little Known Automaker May Save Your Life and Your Portfolio

Quantum (QMCO) Stock Forecast, Price & News

$0.61
0.00 (0.00%)
(As of 09/27/2023 ET)
Compare
Today's Range
$0.61
$0.64
50-Day Range
$0.59
$1.17
52-Week Range
$0.58
$2.00
Volume
62,598 shs
Average Volume
236,102 shs
Market Capitalization
$57.97 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$1.43

Quantum MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
135.0% Upside
$1.43 Price Target
Short Interest
Healthy
0.29% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.89mentions of Quantum in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$241,358 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.18) to ($0.05) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.34 out of 5 stars

Computer And Technology Sector

278th out of 604 stocks

Computer Storage Devices Industry

3rd out of 5 stocks


QMCO stock logo

About Quantum (NASDAQ:QMCO) Stock

Quantum Corporation provides products for storing and managing digital video and unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Myriad All-Flash File and Object Storage Software for high performance enterprise unstructured data applications such as AI, machine learning, and data analytics; Unified Surveillance Platform Software that unified compute and storage for video surveillance recording, storage, and analytics; StorNext Hybrid Flash/Disk File Storage Software for video editing, post-production, and streaming applications, as well as digital file archives; and CatDV Asset Management Software for indexing, cataloging, enriching video, audio, and image files, and workflow orchestration. It also provides ActiveScale Object Storage Software that scalable and durable storage for long term data preservation and protection; DXi Backup Appliances to build backup appliances for high-speed backup and recovery and multisite data protection; and Scalar Tape Storage that secure storage for long term data archiving and offline data protection which are used by hyperscalers and enterprises. In addition, the company sells linear tape-open (LTO) a tape drives for small business data protection and archiving; and LTO media for use in tape storage systems. Further, it offers global support, managed services, customer support agreements, software subscriptions, installation, education, and consulting and training services, as well as Quantum-as-a-Service. The company sells its products through a network of distributors, value-added resellers, direct marketing resellers, original equipment manufacturers, and other suppliers, as well as directly to corporate entities and government agencies. It has a partnership with Tiger Surveillance to deliver end-to-end solutions for long-term retention and archiving of video surveillance data. Quantum Corporation was founded in 1980 and is headquartered in San Jose, California.

QMCO Price History

QMCO Stock News Headlines

Quantum Co. (NASDAQ:QMCO) Short Interest Down 32.2% in September
Wall Street Legend Warns "Mass Bank Run" is Coming
Man who predicted 2023 bank run warns it could soon get worse. Get out of cash and into a new vehicle 50 years in the making. Click here to learn more.
Wall Street Legend Warns "Mass Bank Run" is Coming
Man who predicted 2023 bank run warns it could soon get worse. Get out of cash and into a new vehicle 50 years in the making. Click here to learn more.
Quantum Reports First Quarter Fiscal 2024 Results
QMCO - Quantum Corporation
3 Great Tech Hardware Buys for June
See More Headlines
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QMCO Company Calendar

Last Earnings
8/08/2023
Today
9/28/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
3/31/2024

Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
N/A
Current Symbol
NASDAQ:QMCO
Employees
850
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$1.43
High Stock Price Forecast
$2.00
Low Stock Price Forecast
$0.80
Forecasted Upside/Downside
+135.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$-37,940,000.00
Pretax Margin
-8.89%

Debt

Sales & Book Value

Annual Sales
$412.75 million
Book Value
($0.83) per share

Miscellaneous

Free Float
91,620,000
Market Cap
$57.97 million
Optionable
Optionable
Beta
2.58
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Key Executives

  • Mr. James J. LernerMr. James J. Lerner (Age 53)
    Chairman, Pres & CEO
    Comp: $682.31k
  • Mr. Kenneth P. Gianella (Age 50)
    Chief Financial Officer
    Comp: $362.96k
  • Mr. Brian E. Cabrera (Age 58)
    Sr. VP, Chief Legal & Admin. Officer and Sec.
    Comp: $399.35k
  • Mr. John Hurley (Age 57)
    Chief Revenue Officer
    Comp: $602.25k
  • Mr. Eric Isom
    VP of Supply Chain & Operations
  • Ms. Laura A. Nash
    Chief Accounting Officer
  • Mr. Willem Dirven
    Chief Information Officer
  • Ms. Natasha Beckley
    Chief Marketing Officer
  • Mr. Brian Pawlowski
    Chief Devel. Officer
  • Mr. Ross Fujii
    Chief Customer Officer













QMCO Stock - Frequently Asked Questions

Should I buy or sell Quantum stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Quantum in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" QMCO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in QMCO, but not buy additional shares or sell existing shares.
View QMCO analyst ratings
or view top-rated stocks.

What is Quantum's stock price forecast for 2023?

2 Wall Street analysts have issued twelve-month target prices for Quantum's stock. Their QMCO share price forecasts range from $0.80 to $2.00. On average, they anticipate the company's share price to reach $1.43 in the next year. This suggests a possible upside of 135.0% from the stock's current price.
View analysts price targets for QMCO
or view top-rated stocks among Wall Street analysts.

How have QMCO shares performed in 2023?

Quantum's stock was trading at $1.09 at the start of the year. Since then, QMCO shares have decreased by 44.0% and is now trading at $0.61.
View the best growth stocks for 2023 here
.

Are investors shorting Quantum?

Quantum saw a drop in short interest in September. As of September 15th, there was short interest totaling 274,100 shares, a drop of 32.2% from the August 31st total of 404,300 shares. Based on an average daily trading volume, of 375,500 shares, the days-to-cover ratio is presently 0.7 days.
View Quantum's Short Interest
.

When is Quantum's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our QMCO earnings forecast
.

How were Quantum's earnings last quarter?

Quantum Co. (NASDAQ:QMCO) announced its quarterly earnings results on Tuesday, August, 8th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by $0.03. The firm earned $91.79 million during the quarter, compared to the consensus estimate of $97.04 million.

What guidance has Quantum issued on next quarter's earnings?

Quantum issued an update on its second quarter 2024 earnings guidance on Tuesday, August, 8th. The company provided EPS guidance of -$0.04-$0.02 for the period, compared to the consensus earnings per share estimate of -$0.01. The company issued revenue guidance of $77.00 million-$83.00 million, compared to the consensus revenue estimate of $99.53 million.

What is Quantum's stock symbol?

Quantum trades on the NASDAQ under the ticker symbol "QMCO."

Who are Quantum's major shareholders?

Quantum's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include B. Riley Financial Inc. (2.58%), BlackRock Inc. (1.10%), Kovack Advisors Inc. (0.55%), Acadian Asset Management LLC (0.42%) and LPL Financial LLC (0.18%). Insiders that own company stock include Alesia Lee Pinney, Brian E Cabrera, Elizabeth King, J Michael Dodson, James J Lerner, James J Lerner, Jayshree Ullal, John Fichthorn, John Hurley, Laura A Nash, Lewis W Moorehead, Lewis W Moorehead and Regan J Macpherson.
View institutional ownership trends
.

How do I buy shares of Quantum?

Shares of QMCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Quantum's stock price today?

One share of QMCO stock can currently be purchased for approximately $0.61.

How much money does Quantum make?

Quantum (NASDAQ:QMCO) has a market capitalization of $57.97 million and generates $412.75 million in revenue each year. The company earns $-37,940,000.00 in net income (profit) each year or ($0.41) on an earnings per share basis.

How many employees does Quantum have?

The company employs 850 workers across the globe.

How can I contact Quantum?

Quantum's mailing address is 224 AIRPORT PARKWAY SUITE 550, SAN JOSE CA, 95110. The official website for the company is www.quantum.com. The company can be reached via phone at (408) 944-4000, via email at rob@fnkir.com, or via fax at 408-944-4040.

This page (NASDAQ:QMCO) was last updated on 9/28/2023 by MarketBeat.com Staff

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