Quantum (NASDAQ:QMCO - Get Free Report) is expected to release its earnings data 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 Performance
QMCO stock opened at $22.45 on Friday. The firm's fifty day moving average is $32.15 and its 200 day moving average is $14.24. Quantum has a one year low of $2.22 and a one year high of $90.64.
Insider Transactions at Quantum
In other news, CFO Kenneth P. Gianella sold 1,487 shares of the company's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $35.68, for a total transaction 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 represents a 4.23 % 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, SVP Brian E. Cabrera sold 1,996 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $35.68, for a total transaction of $71,217.28. Following the completion of the sale, the senior vice president now owns 27,940 shares of the company's stock, valued at $996,899.20. This trade represents a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,490 shares of company stock valued at $316,162 over the last 90 days. Corporate insiders own 3.90% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on QMCO. Northland Securities lifted their price target on Quantum from $5.00 to $18.00 and gave the company a "market perform" rating in a research note on Thursday. Lake Street Capital upped their target price on Quantum from $5.00 to $20.00 and gave the stock a "hold" rating in a research note on Wednesday.
Read Our Latest Report on QMCO
Quantum Company Profile
(
Get Free Report)
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.
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