Quantum (NASDAQ:QMCO) Trading Up 1% – Here’s Why

Shares of Quantum Corporation (NASDAQ:QMCO) rose 1% on Monday . The company traded as high as $6.47 and last traded at $6.26. Approximately 421,463 shares changed hands during trading, a decline of 23% from the average daily volume of 549,112 shares. The stock had previously closed at $6.20.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on QMCO shares. Weiss Ratings restated a “sell (d-)” rating on shares of Quantum in a report on Monday, December 29th. Northland Securities upgraded shares of Quantum from a “market perform” rating to an “outperform” rating and set a $13.00 price objective for the company in a research note on Friday, November 14th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Quantum has an average rating of “Moderate Buy” and an average target price of $16.50.

Quantum Stock Up 1.0%

The firm has a market capitalization of $85.89 million, a PE ratio of -2.06 and a beta of 2.66. The business’s fifty day moving average price is $7.55 and its 200 day moving average price is $8.40.

Quantum (NASDAQ:QMCO) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.29). The company had revenue of $62.72 million during the quarter, compared to analysts’ expectations of $65.88 million. Quantum has set its Q3 2026 guidance at -0.610–0.410 EPS. On average, analysts anticipate that Quantum Corporation will post -5.5 earnings per share for the current year.

Institutional Investors Weigh In On Quantum

Several hedge funds have recently modified their holdings of QMCO. Vanguard Group Inc. grew its position in Quantum by 18.3% in the 3rd quarter. Vanguard Group Inc. now owns 303,597 shares of the company’s stock valued at $3,012,000 after buying an additional 46,919 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Quantum in the 2nd quarter worth $1,775,000. UBS Group AG boosted its holdings in shares of Quantum by 170.0% in the third quarter. UBS Group AG now owns 162,605 shares of the company’s stock valued at $1,613,000 after acquiring an additional 102,384 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Quantum by 9.1% during the second quarter. Geode Capital Management LLC now owns 69,384 shares of the company’s stock worth $692,000 after acquiring an additional 5,806 shares during the period. Finally, AlphaQuest LLC increased its stake in shares of Quantum by 655.0% during the third quarter. AlphaQuest LLC now owns 35,536 shares of the company’s stock worth $353,000 after acquiring an additional 30,829 shares during the period. 63.66% of the stock is owned by institutional investors and hedge funds.

Quantum Company Profile

Quantum Corporation (NASDAQ: QMCO) is a technology company that develops and delivers data management and storage solutions for businesses and organizations worldwide. The company’s product portfolio includes hardware, software and cloud-based offerings designed to address backup, archive, primary storage and long-term retention needs. Quantum’s solutions are geared toward data-intensive environments such as media and entertainment, surveillance, government, education and healthcare, where large volumes of digital content must be reliably stored, managed and accessed.

Quantum’s flagship products include the StorNext® data management platform, which provides high-performance shared file storage and workflow acceleration, and the DXi® series of deduplication appliances, which optimize backup and recovery by reducing storage footprints and data transfer times.