Quantum (NASDAQ:QMCO) Releases Q2 2027 Earnings Guidance

Quantum (NASDAQ:QMCO) updated its second quarter 2027 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.020-0.220 for the period, compared to the consensus estimate of -0.040. The company issued revenue guidance of $80.0 million-$84.0 million, compared to the consensus revenue estimate of $75.4 million.

Quantum Trading Down 2.2%

NASDAQ QMCO traded down $0.26 during midday trading on Monday, hitting $11.78. The company had a trading volume of 1,200,140 shares, compared to its average volume of 774,851. The company has a market capitalization of $464.13 million, a PE ratio of -1.46 and a beta of 2.97. The firm has a 50-day moving average price of $11.95 and a 200-day moving average price of $8.47. Quantum has a twelve month low of $4.19 and a twelve month high of $18.48.

Quantum (NASDAQ:QMCO) last released its earnings results on Monday, August 10th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.32. Quantum has set its Q2 2027 guidance at 0.020-0.220 EPS. On average, equities analysts anticipate that Quantum will post -0.28 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on QMCO. Lake Street Capital reissued a “buy” rating on shares of Quantum in a report on Friday, June 26th. Needham & Company LLC started coverage on shares of Quantum in a report on Wednesday, June 3rd. They set a “buy” rating for the company. Litchfield Hills Research assumed coverage on Quantum in a research note on Monday. They set a “buy” rating for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum in a report on Wednesday, June 24th. Finally, Northland Securities downgraded Quantum from an “outperform” rating to a “market perform” rating and set a $13.00 price objective for the company. in a research report on Friday, June 26th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.67.

Institutional Investors Weigh In On Quantum

A number of hedge funds and other institutional investors have recently bought and sold shares of QMCO. XTX Topco Ltd acquired a new position in shares of Quantum in the fourth quarter valued at approximately $77,000. Millennium Management LLC bought a new stake in Quantum during the 4th quarter worth approximately $73,000. Engineers Gate Manager LP acquired a new position in Quantum in the 4th quarter valued at approximately $106,000. Price T Rowe Associates Inc. MD bought a new position in shares of Quantum during the fourth quarter valued at $103,000. Finally, Barclays PLC raised its stake in shares of Quantum by 3,020.2% during the fourth quarter. Barclays PLC now owns 14,197 shares of the company’s stock valued at $92,000 after acquiring an additional 13,742 shares during the last quarter. Institutional investors own 63.66% of the company’s stock.

Quantum Company Profile

Quantum Corporation (NASDAQ: QMCO) is a technology company that develops and delivers data management and storage solutions for businesses and organizations worldwide. The company’s product portfolio includes hardware, software and cloud-based offerings designed to address backup, archive, primary storage and long-term retention needs. Quantum’s solutions are geared toward data-intensive environments such as media and entertainment, surveillance, government, education and healthcare, where large volumes of digital content must be reliably stored, managed and accessed.

Quantum’s flagship products include the StorNext® data management platform, which provides high-performance shared file storage and workflow acceleration, and the DXi® series of deduplication appliances, which optimize backup and recovery by reducing storage footprints and data transfer times.