Quantum (NASDAQ:QMCO) Releases Q1 2027 Earnings Guidance

by · The Cerbat Gem

Quantum (NASDAQ:QMCO – Get Free Report) issued an update on its first quarter 2027 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of -0.250–0.050 for the period, compared to the consensus EPS estimate of -0.240. The company issued revenue guidance of $73.0 million-$77.0 million, compared to the consensus revenue estimate of $71.8 million.

Quantum Price Performance

QMCO stock traded down $0.49 during midday trading on Thursday, hitting $12.93. The company’s stock had a trading volume of 1,268,825 shares, compared to its average volume of 733,836. The company’s fifty day moving average price is $10.19 and its 200 day moving average price is $7.74. Quantum has a twelve month low of $4.19 and a twelve month high of $18.48. The stock has a market capitalization of $189.30 million, a P/E ratio of -5.48 and a beta of 2.97.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on QMCO shares. Lake Street Capital reaffirmed a “buy” rating and issued a $20.00 target price (up from $8.00) on shares of Quantum in a research report on Wednesday, June 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Quantum in a research note on Friday, March 27th. Finally, Needham & Company LLC began coverage on shares of Quantum in a report on Wednesday, June 3rd. They issued a “buy” rating for the company. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.67.

Read Our Latest Stock Report on QMCO

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its position in Quantum by 337.5% during the third quarter. Bank of America Corp DE now owns 2,896 shares of the company’s stock worth $29,000 after purchasing an additional 2,234 shares during the period. BNP Paribas Financial Markets raised its position in shares of Quantum by 322.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,461 shares of the company’s stock valued at $34,000 after buying an additional 2,641 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Quantum during the 2nd quarter worth approximately $46,000. Geode Capital Management LLC lifted its holdings in shares of Quantum by 9.1% during the 2nd 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, Millennium Management LLC acquired a new stake in shares of Quantum during the 4th quarter worth approximately $73,000. Institutional investors own 63.66% of the company’s stock.

About Quantum

(Get Free Report)

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.

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