Quantum (QMCO) Projected to Post Earnings on Sunday

Quantum (NASDAQ:QMCO) is expected to be posting its quarterly earnings results after the market closes on Sunday, February 2nd. Analysts expect Quantum to post earnings of ($0.84) per share and revenue of $72.00 million for the quarter.

Quantum Stock Down 0.2 %

Shares of QMCO opened at $22.40 on Friday. The firm’s fifty day moving average is $32.41 and its two-hundred day moving average is $14.33. Quantum has a 52-week low of $2.22 and a 52-week high of $90.64.

Insider Transactions at Quantum

In other Quantum news, CEO James J. Lerner sold 6,505 shares of Quantum stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $4.43, for a total value of $28,817.15. Following the completion of the sale, the chief executive officer now directly owns 107,491 shares of the company’s stock, valued at approximately $476,185.13. The trade was a 5.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kenneth P. Gianella sold 1,487 shares of Quantum stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $35.68, for a total value of $53,056.16. Following the completion of the sale, the chief financial officer now owns 33,681 shares of the company’s stock, valued at $1,201,738.08. This trade represents a 4.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 22,490 shares of company stock valued at $316,162. Corporate insiders own 3.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Northland Securities increased their price target on Quantum from $5.00 to $18.00 and gave the stock a “market perform” rating in a report on Thursday. Lake Street Capital lifted their price target on Quantum from $5.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday.

About Quantum

Quantum Corporation provides products for storing and managing digital video and unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Myriad All-Flash File and Object Storage Software for high performance enterprise unstructured data applications such as AI, machine learning, and data analytics; Unified Surveillance Platform Software that unified compute and storage for video surveillance recording, storage, and analytics; StorNext Hybrid Flash/Disk File Storage Software for video editing, post-production, and streaming applications, as well as digital file archives; and CatDV Asset Management Software for indexing, cataloging, enriching video, audio, and image files, and workflow orchestration.