Quantum (QMCO) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Quantum in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" QMCO shares.
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2 brokerages have issued 12 month price targets for Quantum's shares. Their QMCO share price forecasts range from $2.00 to $2.75. On average, they predict the company's stock price to reach $2.33 in the next twelve months. This suggests a possible upside of 126.5% from the stock's current price.
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Quantum's stock was trading at $1.09 at the beginning of the year. Since then, QMCO stock has decreased by 5.5% and is now trading at $1.03.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Quantum Co. (NASDAQ:QMCO) released its quarterly earnings results on Tuesday, June, 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.04). The firm earned $105.34 million during the quarter, compared to analysts' expectations of $102.03 million. During the same period in the prior year, the company posted ($0.09) earnings per share.

Quantum issued an update on its first quarter 2024 earnings guidance on Wednesday, June, 7th. The company provided earnings per share guidance of -$0.02-$0.02 for the period, compared to the consensus earnings per share estimate of 0. The company issued revenue guidance of $94.00 million-$100.00 million, compared to the consensus revenue estimate of $102.17 million.

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

Quantum's stock is owned by a number of institutional and retail investors. Top institutional investors include Long Focus Capital Management LLC (4.99%), Solas Capital Management LLC (3.54%), Long Focus Capital Management LLC (3.20%), B. Riley Financial Inc. (2.88%), Roumell Asset Management LLC (1.60%) and King Luther Capital Management Corp (1.32%). Insiders that own company stock include Alesia Lee Pinney, Brian E Cabrera, Donald E Jr Martella, Elizabeth King, J Michael Dodson, James J Lerner, James J Lerner, Jayshree Ullal, John Fichthorn, Lewis W Moorehead, Lewis W Moorehead and Regan J Macpherson.
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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.
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One share of QMCO stock can currently be purchased for approximately $1.03.

Quantum (NASDAQ:QMCO) has a market capitalization of $108.37 million and generates $372.83 million in revenue each year. The company earns $-32,280,000.00 in net income (profit) each year or ($0.41) on an earnings per share basis.

The company employs 905 workers across the globe.

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.