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Quantum Corporation (NYSE:QTM) Set to Announce Quarterly Earnings on Wednesday
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Quantum Corporation (NYSE:QTM) last issued its quarterly earnings data on Wednesday, May 10th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Quantum Corporation had a negative return on equity of 5.94% and a net margin of 0.62%. The business had revenue of $120.80 million for the quarter, compared to the consensus estimate of $122.59 million. During the same period in the prior year, the business posted $0.02 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. On average, analysts expect Quantum Corporation to post $0.63 EPS for the current fiscal year and $0.61 EPS for the next fiscal year.
Shares of Quantum Corporation (QTM) opened at 7.68 on Tuesday. The stock has a market capitalization of $261.83 million, a P/E ratio of 71.11 and a beta of 2.34. The stock has a 50 day moving average price of $7.91 and a 200 day moving average price of $4.71. Quantum Corporation has a one year low of $4.48 and a one year high of $9.20.
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In other news, SVP Robert S. Clark sold 61,912 shares of Quantum Corporation stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $8.16, for a total transaction of $505,201.92. Following the sale, the senior vice president now owns 74,703 shares of the company’s stock, valued at approximately $609,576.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Shawn D. Hall sold 10,000 shares of Quantum Corporation stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $7.82, for a total transaction of $78,200.00. Following the sale, the vice president now directly owns 158,344 shares in the company, valued at approximately $1,238,250.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 88,912 shares of company stock worth $727,222. Corporate insiders own 8.55% of the company’s stock.
Several research firms have recently commented on QTM. Zacks Investment Research raised shares of Quantum Corporation from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research report on Tuesday, July 18th. BidaskClub lowered shares of Quantum Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th.
Quantum Corporation Company Profile
Quantum Corporation focuses on scale-out storage, archive and data protection, providing solutions for capturing, sharing, managing and preserving digital assets over the entire data lifecycle. The Company’s end-to-end tiered storage solutions enable users to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity.