Quantum Corporation, a leading provider of digital video and unstructured data storage solutions, is preparing to release its earnings data on Tuesday, August 8th before the market opens. Analysts are anticipating the company to report earnings of ($0.01) per share for the quarter. Investors who are interested in listening to the company’s earnings conference call can do so by following this link.
Quantum’s Performance Overview
Quantum stock opened at $1.10 on Friday, showing an increase of 1.9%. The stock has a 12-month low of $0.86 and a 12-month high of $2.00. With a market capitalization of $103.88 million, Quantum has a negative price-to-earnings ratio of -2.56 and a beta value of 2.53. These figures indicate the company’s volatility and its performance relative to the overall market.
Wall Street Analysts Weigh In
Several equities analysts have recently commented on Quantum’s stock. Lake Street Capital reduced their price target from $3.00 to $2.00, while Northland Securities lowered their price target from $6.00 to $2.25. These adjustments reflect the analysts’ assessments of Quantum’s future performance and potential.
Insider Buying and Selling
Quantum’s CEO, James J. Lerner, recently sold 158,893 shares of the company’s stock at an average price of $1.07, amounting to a total value of $170,015.51. As a result, Lerner now holds 1,740,953 shares in the company, valued at $1,862,819.71. Over the past three months, insiders have sold a total of 200,848 shares of Quantum’s stock, amounting to $214,907. Notably, corporate insiders hold 3.60% of the company’s stock.
Institutional Investors’ Stake in Quantum
Large institutional investors have also shown interest in Quantum. Renaissance Technologies LLC increased its holdings by 45.9% in the fourth quarter, now owning 151,810 shares. Price T Rowe Associates Inc. MD boosted its holdings by 16.2% in the third quarter, now owning 146,400 shares. A number of other institutional investors have also acquired stakes in Quantum, leading to a total of 64.14% of the stock being owned by institutional investors.
About Quantum Corporation
Quantum Corporation provides a range of products for storing and managing digital video and unstructured data. Their offerings include high-performance enterprise unstructured data applications such as AI, machine learning, and data analytics, unified surveillance platform software for video surveillance recording and storage, hybrid flash/disk file storage software for video editing and streaming applications, and asset management software for indexing and cataloging multimedia files.
Frequently Asked Questions (FAQ)
- What is Quantum Corporation’s stock symbol?
- When will Quantum release its earnings data?
- Where can I listen to Quantum’s earnings conference call?
- What is the price target for Quantum’s stock?
- How much of Quantum’s stock is owned by institutional investors?
Quantum Corporation’s stock symbol is QMCO.
Quantum is scheduled to release its earnings data on Tuesday, August 8th before the market opens.
You can listen to Quantum’s earnings conference call by following this link.
The price target for Quantum’s stock has been lowered to $2.00 by Lake Street Capital and to $2.25 by Northland Securities.
Institutional investors currently hold 64.14% of Quantum’s stock.