Quantum Corp (NYSE:QTM) posted its quarterly earnings data on Thursday. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.01, Marketbeat reports. The business earned $128 million during the quarter, compared to analysts’ expectations of $135.24 million. During the same quarter last year, the company posted $0.04 earnings per share. The business’s quarterly revenue was down 9.9% on a year-over-year basis. Quantum Corp updated its Q4 guidance to $0.00-0.01 EPS.

Shares of Quantum Corp (NYSE:QTM) traded down 1.9846% during mid-day trading on Thursday, hitting $0.6371. 2,763,117 shares of the company’s stock traded hands. Quantum Corp has a 52 week low of $0.63 and a 52 week high of $2.22. The firm has a 50-day moving average of $0.79 and a 200 day moving average of $0.95. The company’s market cap is $168.14 million.

In other news, CEO Jon W. Gacek acquired 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were acquired at an average cost of $0.90 per share, with a total value of $40,500.00. Following the completion of the purchase, the chief executive officer now directly owns 2,661,407 shares of the company’s stock, valued at approximately $2,395,266.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Value Lp Starboard sold 5,000,000 shares of Quantum Corp stock in a transaction that occurred on Monday, January 25th. The shares were sold at an average price of $0.71, for a total transaction of $3,550,000.00. The disclosure for this sale can be found here.

A hedge fund recently bought a new stake in Quantum Corp stock. Russell Frank Co acquired a new position in shares of Quantum Corp (NYSE:QTM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 430,644 shares of the company’s stock, valued at approximately $388,000. Russell Frank Co owned 0.16% of Quantum Corp at the end of the most recent reporting period.

Several research analysts have issued reports on the company. TheStreet downgraded Quantum Corp from a “hold” rating to a “sell” rating in a report on Friday, October 30th. Zacks Investment Research raised Quantum Corp from a “strong sell” rating to a “hold” rating in a report on Thursday, November 5th. Craig Hallum reaffirmed a “buy” rating and set a $2.50 price objective (down previously from $3.00) on shares of Quantum Corp in a report on Friday, October 30th. Roth Capital reaffirmed a “buy” rating on shares of Quantum Corp in a report on Friday, October 30th. Finally, FBR & Co. assumed coverage on Quantum Corp in a report on Friday, December 18th. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $2.25.

Quantum Corporation (NYSE:QTM) is engaged in providing solutions in scale-out storage, archive and data protection. The Company provides solutions for capturing, sharing and preserving digital assets over the entire data lifecycle. The Company provides solutions for storing and protecting information in physical, virtual and cloud environments. The Company’s scale-out storage portfolio includes StorNext software, appliances and systems called StorNext Pro Solutions, as well as Lattus extended online storage and Q-Cloud Archive services. StorNext 5 includes the streaming file system and policy-based tiering for automatically moving data across primary storage, online storage, tape archive and the cloud. The Company has portfolio of data protection solutions for physical, virtual and cloud environments. This includes its DXi deduplication systems, Scalar automated tape libraries and vmPRO virtual server backup software. It offers a Q-Cloud service for data center customers.

12 Month Chart for NYSE:QTM

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