Qumu Corporation (QUMU) Scheduled to Post Quarterly Earnings on Tuesday
Qumu Corporation (NASDAQ:QUMU) will issue its quarterly earnings data after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of ($0.21) per share for the quarter. Qumu Corporation has set its Q3 guidance at ($0.16-0.21) EPS and its FY17 guidance at ($0.87-1.02) EPS.
Qumu Corporation (NASDAQ:QUMU) last released its earnings results on Tuesday, August 1st. The technology company reported ($0.28) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.32) by $0.04. The firm had revenue of $6.65 million during the quarter, compared to analyst estimates of $7.06 million. Qumu Corporation had a negative return on equity of 53.09% and a negative net margin of 29.95%. Qumu Corporation’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the business posted ($0.46) earnings per share. On average, analysts expect Qumu Corporation to post $-0.87 EPS for the current fiscal year and $-0.74 EPS for the next fiscal year.
Qumu Corporation (NASDAQ QUMU) traded up 3.93% on Tuesday, reaching $3.17. The company had a trading volume of 12,526 shares. Qumu Corporation has a 52-week low of $1.80 and a 52-week high of $3.49. The stock’s 50-day moving average price is $2.94 and its 200 day moving average price is $2.83. The firm’s market capitalization is $29.79 million.
A hedge fund recently raised its stake in Qumu Corporation stock. Northern Trust Corp lifted its stake in shares of Qumu Corporation (NASDAQ:QUMU) by 9.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,745 shares of the technology company’s stock after purchasing an additional 3,144 shares during the period. Northern Trust Corp owned about 0.38% of Qumu Corporation worth $104,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 24.76% of the company’s stock.
Separately, Zacks Investment Research cut shares of Qumu Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th.
About Qumu Corporation
Qumu Corporation (Qumu) is an enterprise video content management software company. The Company is engaged in providing tools businesses need to create, manage, secure, deliver and measure their videos. The Company operates through the enterprise video content management software business segment. Its video content management software solutions allow organizations to create, capture, organize and deliver content across the extended enterprise to a range of end points, including mobile devices and thick or thin clients.
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