Quantum (NASDAQ:QMCO) Updates Q2 2027 Earnings Guidance

Quantum (NASDAQ:QMCO) updated its second quarter 2027 earnings guidance on Monday morning. The company provided earnings per share guidance of 0.020-0.220 for the period, compared to the consensus EPS estimate of -0.040. The company issued revenue guidance of $80.0 million-$84.0 million, compared to the consensus revenue estimate of $75.4 million.

Quantum Stock Performance

Quantum stock traded down $0.26 during mid-day trading on Monday, reaching $11.78. The company’s stock had a trading volume of 1,200,140 shares, compared to its average volume of 774,851. Quantum has a 12 month low of $4.19 and a 12 month high of $18.48. The business’s 50 day simple moving average is $11.95 and its 200 day simple moving average is $8.47. The company has a market capitalization of $464.13 million, a price-to-earnings ratio of -1.46 and a beta of 2.97.

Quantum (NASDAQ:QMCO) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.32. Quantum has set its Q2 2027 guidance at 0.020-0.220 EPS. As a group, sell-side analysts expect that Quantum will post -0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

QMCO has been the subject of several recent analyst reports. Lake Street Capital reissued a “buy” rating on shares of Quantum in a report on Friday, June 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum in a research report on Wednesday, June 24th. Northland Securities cut shares of Quantum from an “outperform” rating to a “market perform” rating and set a $13.00 price target for the company. in a research note on Friday, June 26th. Litchfield Hills Research started coverage on shares of Quantum in a research report on Monday. They issued a “buy” rating for the company. Finally, Needham & Company LLC initiated coverage on shares of Quantum in a research note on Wednesday, June 3rd. They issued a “buy” rating for the company. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $17.67.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in shares of Quantum by 337.5% during the third quarter. Bank of America Corp DE now owns 2,896 shares of the company’s stock worth $29,000 after buying an additional 2,234 shares in the last quarter. BNP Paribas Financial Markets grew its stake 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 in the last quarter. Raymond James Financial Inc. bought a new position in Quantum during the second quarter worth about $46,000. Millennium Management LLC acquired a new stake in Quantum in the 4th quarter worth about $73,000. Finally, XTX Topco Ltd acquired a new stake in Quantum in the 4th quarter worth about $77,000. Institutional investors own 63.66% of the company’s stock.

About Quantum

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.