Qumu (NASDAQ:QUMU) posted its quarterly earnings results on Wednesday. The technology company reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.37), Fidelity Earnings reports. The business had revenue of $5.65 million during the quarter. Qumu had a negative return on equity of 81.43% and a negative net margin of 27.26%.
Qumu stock opened at $2.32 on Thursday. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.80 and a quick ratio of 0.80. Qumu has a one year low of $1.42 and a one year high of $3.20.
Separately, Zacks Investment Research upgraded Qumu from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 26th.
Qumu Corporation provides tools to create, manage, secure, distribute, and deliver live and on-demand video content for the enterprises. It offers Qumu Qx Enterprise Video Platform, an end-to-end video creation, management, and delivery solution through the sale of software licenses and hardware, software on server appliance, software-enabled devices, and a cloud-hosted software-as-a-service platform.
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