According to Zacks, “Qumu Corp. provides enterprise video solutions. The company offers a media appliance for video creation and distribution, an enterprise video platform to manage process stages in a video’s lifecycle, a solution to manage and deliver live Webcasts and digital signage software to deliver corporate video communications and other content to displays in reception areas, lobbies, lunchrooms, waiting areas and other gathering places. It serves financial services, communications, manufacturing, and professional services markets. Qumu Corp., formerly known as Rimage Corporation, is based in Minneapolis, United States. “
Qumu Corp. (NASDAQ:QUMU) opened at 3.2691 on Wednesday. Qumu Corp. has a 12 month low of $2.10 and a 12 month high of $5.50. The stock’s 50 day moving average price is $2.66 and its 200-day moving average price is $3.85. The stock’s market cap is $30.18 million.
Qumu Corp. (NASDAQ:QUMU) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.46) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.40) by $0.06. Qumu Corp. had a negative net margin of 16.49% and a negative return on equity of 19.88%. The company had revenue of $6.50 million for the quarter, compared to the consensus estimate of $8.86 million. During the same period last year, the business earned ($0.75) EPS. The firm’s quarterly revenue was down 25.6% on a year-over-year basis. Analysts anticipate that Qumu Corp. will post ($1.44) EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Keane Capital Partners LLC raised its position in Qumu Corp. by 87.6% in the second quarter. Keane Capital Partners LLC now owns 127,570 shares of the company’s stock worth $566,000 after buying an additional 59,559 shares during the period. Bridgeway Capital Management Inc. raised its position in Qumu Corp. by 134.1% in the second quarter. Bridgeway Capital Management Inc. now owns 85,200 shares of the company’s stock worth $378,000 after buying an additional 48,800 shares during the period. Teton Advisors Inc. raised its position in Qumu Corp. by 0.5% in the second quarter. Teton Advisors Inc. now owns 202,400 shares of the company’s stock worth $899,000 after buying an additional 1,000 shares during the period. Perkins Capital Management Inc. raised its position in Qumu Corp. by 120.6% in the second quarter. Perkins Capital Management Inc. now owns 300,010 shares of the company’s stock worth $1,332,000 after buying an additional 164,010 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its position in Qumu Corp. by 192.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 50,324 shares of the company’s stock worth $232,000 after buying an additional 33,126 shares during the period. 51.28% of the stock is owned by institutional investors.
Qumu Corp. Company Profile
Qumu Corporation (Qumu) is an enterprise video content management software company. The Company is engaged in providing tools businesses need to create, manage, secure, deliver and measure their videos. The Company operates through the enterprise video content management software business segment. Its video content management software solutions allow organizations to create, capture, organize and deliver content across the extended enterprise to a range of end points, including mobile devices and thick or thin clients.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Qumu Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qumu Corp. and related companies with MarketBeat.com's FREE daily email newsletter.