Quantum (QMCO) to Release Earnings on Sunday

Quantum (NASDAQ:QMCO) is projected to release its earnings data after the market closes on Sunday, February 2nd. Analysts expect the company to announce earnings of ($0.84) per share and revenue of $72.00 million for the quarter.

Quantum Price Performance

NASDAQ:QMCO opened at $22.45 on Friday. Quantum has a fifty-two week low of $2.22 and a fifty-two week high of $90.64. The business has a 50 day moving average price of $32.15 and a 200-day moving average price of $14.24.

Insider Buying and Selling at Quantum

In other Quantum news, SVP Brian E. Cabrera sold 1,996 shares of Quantum stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $35.68, for a total transaction of $71,217.28. Following the transaction, the senior vice president now owns 27,940 shares of the company’s stock, valued at $996,899.20. The trade was a 6.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James J. Lerner sold 2,511 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $35.68, for a total transaction of $89,592.48. Following the completion of the transaction, the chief executive officer now owns 107,804 shares of the company’s stock, valued at approximately $3,846,446.72. The trade was a 2.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,490 shares of company stock valued at $316,162. 3.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.