Quantum Corporation (NYSE: QTM) recently received a number of ratings updates from brokerages and research firms:

  • 7/31/2017 – Quantum Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/25/2017 – Quantum Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/20/2017 – Quantum Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Quantum is a leading expert in scale-out storage, archive and data protection, providing solutions for capturing, sharing and preserving digital assets over the entire data lifecycle. From small businesses to major enterprises, more than 100,000 customers have trusted Quantum to address their most demanding data workflow challenges. With Quantum, customers can be certain they have the end-to-end storage foundation to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity. “
  • 7/18/2017 – Quantum Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $9.50 price target on the stock. According to Zacks, “Quantum is a leading expert in scale-out storage, archive and data protection, providing solutions for capturing, sharing and preserving digital assets over the entire data lifecycle. From small businesses to major enterprises, more than 100,000 customers have trusted Quantum to address their most demanding data workflow challenges. With Quantum, customers can be certain they have the end-to-end storage foundation to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity. “
  • 7/12/2017 – Quantum Corporation was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Quantum is a leading expert in scale-out storage, archive and data protection, providing solutions for capturing, sharing and preserving digital assets over the entire data lifecycle. From small businesses to major enterprises, more than 100,000 customers have trusted Quantum to address their most demanding data workflow challenges. With Quantum, customers can be certain they have the end-to-end storage foundation to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity. “

Shares of Quantum Corporation (QTM) opened at 7.68 on Tuesday. The firm has a 50-day moving average price of $7.91 and a 200 day moving average price of $4.71. The stock has a market cap of $261.83 million, a PE ratio of 71.11 and a beta of 2.34. Quantum Corporation has a 12-month low of $4.48 and a 12-month high of $9.20.

Quantum Corporation (NYSE:QTM) last announced its quarterly earnings data on Wednesday, May 10th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. Quantum Corporation had a negative return on equity of 5.94% and a net margin of 0.62%. The company had revenue of $120.80 million for the quarter, compared to analysts’ expectations of $122.59 million. During the same quarter in the prior year, the firm earned $0.02 earnings per share. Quantum Corporation’s revenue was up .7% compared to the same quarter last year. Equities research analysts expect that Quantum Corporation will post $0.63 earnings per share for the current year.

In related news, CFO Fuad Ahmad sold 17,000 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $8.46, for a total value of $143,820.00. Following the transaction, the chief financial officer now owns 153,603 shares of the company’s stock, valued at $1,299,481.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Shawn D. Hall sold 10,000 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $7.82, for a total value of $78,200.00. Following the completion of the transaction, the vice president now directly owns 158,344 shares in the company, valued at approximately $1,238,250.08. The disclosure for this sale can be found here. In the last three months, insiders sold 88,912 shares of company stock worth $727,222. 8.55% of the stock is owned by insiders.

Quantum Corporation focuses on scale-out storage, archive and data protection, providing solutions for capturing, sharing, managing and preserving digital assets over the entire data lifecycle. The Company’s end-to-end tiered storage solutions enable users to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity.

Receive News & Ratings for Quantum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quantum Corporation and related companies with MarketBeat.com's FREE daily email newsletter.