Quantum (QMCO) Expected to Announce Quarterly Earnings on Sunday

Quantum (NASDAQ:QMCO) is projected to issue its quarterly 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 $72,000.00 billion for the quarter.

Quantum Stock Down 2.6 %

Shares of QMCO stock opened at $32.57 on Friday. Quantum has a 52 week low of $2.22 and a 52 week high of $90.64. The company has a 50-day simple moving average of $30.41 and a 200 day simple moving average of $13.83.

Analyst Upgrades and Downgrades

Separately, Northland Securities restated a “market perform” rating and set a $5.00 price objective (up previously from $0.25) on shares of Quantum in a report on Thursday, November 14th.

Insider Buying and Selling at Quantum

In other news, CEO James J. Lerner sold 2,511 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $35.68, for a total value of $89,592.48. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kenneth P. Gianella sold 1,487 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $35.68, for a total transaction of $53,056.16. Following the transaction, the chief financial officer now directly owns 33,681 shares in the company, valued at approximately $1,201,738.08. This represents a 4.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,490 shares of company stock valued at $316,162 in the last ninety days. 3.90% of the stock is currently owned by corporate insiders.

Quantum Company Profile

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.