Quantum (NASDAQ:QMCO) Updates Q1 2027 Earnings Guidance

Quantum (NASDAQ:QMCO) issued an update on 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 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.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on QMCO shares. Lake Street Capital reiterated a “buy” rating and issued a $20.00 price target (up from $8.00) on shares of Quantum in a research report on Wednesday, June 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Quantum in a report on Friday, March 27th. Finally, Needham & Company LLC began coverage on shares of Quantum in a research note on Wednesday, June 3rd. They issued a “buy” rating for the company. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Quantum presently has a consensus rating of “Moderate Buy” and an average price target of $17.67.

Quantum Trading Down 3.7%

Shares of NASDAQ QMCO traded down $0.49 during mid-day trading on Thursday, reaching $12.93. 1,292,968 shares of the company’s stock were exchanged, compared to its average volume of 735,786. The firm has a market capitalization of $189.30 million, a price-to-earnings ratio of -5.48 and a beta of 2.97. The business has a fifty day simple moving average of $10.19 and a 200 day simple moving average of $7.74. Quantum has a twelve month low of $4.19 and a twelve month high of $18.48.

Hedge Funds Weigh In On Quantum

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in Quantum by 337.5% during the 3rd quarter. Bank of America Corp DE now owns 2,896 shares of the company’s stock worth $29,000 after purchasing an additional 2,234 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Quantum by 322.1% in the third quarter. BNP Paribas Financial Markets now owns 3,461 shares of the company’s stock valued at $34,000 after acquiring an additional 2,641 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Quantum in the second quarter valued at about $46,000. Geode Capital Management LLC grew its position in shares of Quantum by 9.1% during the 2nd quarter. Geode Capital Management LLC now owns 69,384 shares of the company’s stock worth $692,000 after purchasing an additional 5,806 shares in the last quarter. Finally, Millennium Management LLC bought a new stake in shares of Quantum in the fourth quarter valued at approximately $73,000. 63.66% of the stock is owned by institutional investors.

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.