Quantum Corporation (NYSE:QTM) Receives Media Sentiment Score of 0.17
Headlines about Quantum Corporation (NYSE:QTM) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Quantum Corporation earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.9285258792581 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s rankings:
- Buy Consensus rating Technology Stock: InterXion Holding NV (INXN) ,Quantum Corporation (QTM) – Street Observer (press release) (streetobserver.com)
- Quantum Corp (QTM) Ichimoku Reading Holds Above the Cloud – Financial News Review (finnewsreview.com)
- Needle Tilting Mid-Session For Quantum Corp (QTM) – Wall Street Review (thewallstreetreview.com)
- Quantum Corporation (NYSE:QTM) Scheduled to Post Quarterly Earnings on Wednesday (americanbankingnews.com)
- Quantum’s Award-Winning StorNext 6 Release Is Now Shipping (creativeplanetnetwork.com)
Quantum Corporation (NYSE:QTM) opened at 7.68 on Tuesday. The firm has a market capitalization of $261.83 million, a PE ratio of 71.11 and a beta of 2.34. Quantum Corporation has a 52-week low of $4.48 and a 52-week high of $9.20. The stock’s 50 day moving average price is $7.91 and its 200 day moving average price is $4.71.
Quantum Corporation (NYSE:QTM) last issued its earnings results on Wednesday, May 10th. The technology company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The company had revenue of $120.80 million during the quarter, compared to the consensus estimate of $122.59 million. Quantum Corporation had a negative return on equity of 5.94% and a net margin of 0.62%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the business posted $0.02 EPS. On average, analysts predict that Quantum Corporation will post $0.63 EPS for the current fiscal year.
A number of research firms have issued reports on QTM. Zacks Investment Research cut Quantum Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub raised Quantum Corporation from a “hold” rating to a “buy” rating in a research note on Monday, July 31st.
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In other news, VP Shawn D. Hall sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $7.82, for a total value of $78,200.00. Following the completion of the sale, the vice president now directly owns 158,344 shares in the company, valued at approximately $1,238,250.08. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Robert S. Clark sold 61,912 shares of the firm’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $8.16, for a total value of $505,201.92. Following the completion of the sale, the senior vice president now owns 74,703 shares of the company’s stock, valued at $609,576.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 88,912 shares of company stock valued at $727,222. 8.55% of the stock is currently owned by company insiders.
About Quantum Corporation
Quantum Corporation focuses on scale-out storage, archive and data protection, providing solutions for capturing, sharing, managing and preserving digital assets over the entire data lifecycle. The Company’s end-to-end tiered storage solutions enable users to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity.
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