Quantum (QMCO) Projected to Post Quarterly Earnings on Sunday

Quantum (NASDAQ:QMCO) will likely be posting its quarterly earnings results after the market closes on Sunday, February 2nd. Analysts expect Quantum to post earnings of ($0.84) per share and revenue of $72.00 million for the quarter.

Quantum Price Performance

Shares of Quantum stock opened at $22.45 on Friday. The stock has a 50 day moving average of $32.15 and a 200 day moving average of $14.24. Quantum has a 12 month low of $2.22 and a 12 month high of $90.64.

Wall Street Analysts Forecast Growth

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

Insider Activity at Quantum

In related news, CEO James J. Lerner sold 2,511 shares of the firm’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 transaction, the chief executive officer now owns 107,804 shares of the company’s stock, valued at $3,846,446.72. This trade represents a 2.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kenneth P. Gianella sold 1,487 shares of Quantum stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $35.68, for a total transaction of $53,056.16. Following the sale, the chief financial officer now owns 33,681 shares of the company’s stock, valued at $1,201,738.08. The trade was a 4.23 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,490 shares of company stock worth $316,162. Company insiders own 3.90% of the company’s stock.

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.