Quantum Corp. Rating Lowered to Neutral at Zacks (QTM)
Quantum Corp. (NYSE:QTM) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Wednesday, AnalystRatings.Net reports. They currently have a $1.80 price objective on the stock. Zacks‘ price target would suggest a potential upside of 30.43% from the company’s current price.
Shares of Quantum Corp. (NYSE:QTM) traded down 0.72% on Wednesday, hitting $1.37. The stock had a trading volume of 370,025 shares. Quantum Corp. has a 1-year low of $1.00 and a 1-year high of $1.75. The stock has a 50-day moving average of $1.46 and a 200-day moving average of $1.45. The company’s market cap is $339.2 million.
Quantum Corp. (NYSE:QTM) last released its earnings data on Thursday, August 1st. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.05. The company had revenue of $147.97 million for the quarter, compared to the consensus estimate of $142.36 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts expect that Quantum Corp. will post $0.06 EPS for the current fiscal year.
Quantum Corporation (NYSE:QTM) provides data protection and big data management.
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