Quantum (NASDAQ:QMCO) Issues Q1 2027 Earnings Guidance

Quantum (NASDAQ:QMCO) updated its first quarter 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of -0.250–0.050 for the period, compared to the consensus EPS estimate of -0.240. The company issued revenue guidance of $73.0 million-$77.0 million, compared to the consensus revenue estimate of $71.8 million.

Quantum Trading Down 3.7%

NASDAQ QMCO traded down $0.49 during trading on Thursday, hitting $12.93. 1,268,825 shares of the company’s stock were exchanged, compared to its average volume of 733,836. The stock’s 50 day moving average price is $10.19 and its two-hundred day moving average price is $7.74. The company has a market cap of $189.30 million, a PE ratio of -5.48 and a beta of 2.97. Quantum has a fifty-two week low of $4.19 and a fifty-two week high of $18.48.

Analyst Upgrades and Downgrades

QMCO has been the subject of several research analyst reports. Lake Street Capital reiterated a “buy” rating and set a $20.00 price target (up from $8.00) on shares of Quantum in a report on Wednesday, June 3rd. Needham & Company LLC started coverage on Quantum in a report on Wednesday, June 3rd. They set a “buy” rating on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum in a report on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.67.

Hedge Funds Weigh In On Quantum

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Quantum by 18.3% during the third quarter. Vanguard Group Inc. now owns 303,597 shares of the company’s stock valued at $3,012,000 after acquiring an additional 46,919 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Quantum during the second quarter worth $1,775,000. UBS Group AG grew its stake in shares of Quantum by 170.0% in the third quarter. UBS Group AG now owns 162,605 shares of the company’s stock worth $1,613,000 after purchasing an additional 102,384 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Quantum by 97.5% in the fourth quarter. Geode Capital Management LLC now owns 156,871 shares of the company’s stock worth $1,012,000 after purchasing an additional 77,444 shares during the last quarter. Finally, State Street Corp increased its holdings in Quantum by 231.7% in the fourth quarter. State Street Corp now owns 90,714 shares of the company’s stock valued at $585,000 after purchasing an additional 63,367 shares during the period. 63.66% of the stock is currently owned by institutional investors and hedge funds.

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.