Quantum (QMCO) to Release Earnings on Sunday

Quantum (NASDAQ:QMCO - Get Free Report) is anticipated to post 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 $72,000.00 billion for the quarter.

Quantum Trading Down 2.6 %

Shares of QMCO stock traded down $0.87 during trading hours on Friday, hitting $32.57. 960,582 shares of the company were exchanged, compared to its average volume of 2,188,980. Quantum has a 52-week low of $2.22 and a 52-week high of $90.64. The firm has a fifty day simple moving average of $30.41 and a 200 day simple moving average of $13.83.

Insider Activity at Quantum

In related news, SVP Brian E. Cabrera sold 1,996 shares of the business's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $35.68, for a total transaction of $71,217.28. Following the completion of the transaction, the senior vice president now directly owns 27,940 shares in the company, valued at $996,899.20. The trade was a 6.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kenneth P. Gianella sold 1,487 shares of the firm's 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 directly owns 33,681 shares in the company, valued at approximately $1,201,738.08. The trade was a 4.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,490 shares of company stock worth $316,162. 3.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Northland Securities reaffirmed a "market perform" rating and set a $5.00 price target (up previously from $0.25) on shares of Quantum in a research report on Thursday, November 14th.

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.