Quantum (NASDAQ:QMCO) Upgraded at Northland Securities

Northland Securities upgraded shares of Quantum (NASDAQ:QMCO) from a market perform rating to an outperform rating in a research report report published on Tuesday, Marketbeat Ratings reports. The firm currently has $24.00 price target on the stock.

A number of other equities research analysts also recently weighed in on QMCO. Lake Street Capital restated a “buy” rating and set a $24.00 target price (up from $20.00) on shares of Quantum in a research report on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Quantum in a report on Wednesday, June 24th. Needham & Company LLC initiated coverage on Quantum in a report on Wednesday, June 3rd. They issued a “buy” rating on the stock. Finally, Litchfield Hills Research began coverage on Quantum in a research report on Monday. They issued a “buy” rating for the company. Four 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, Quantum currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Quantum Price Performance

QMCO opened at $24.68 on Tuesday. The stock has a market capitalization of $972.64 million, a P/E ratio of -1.86 and a beta of 2.97. The company’s 50 day simple moving average is $12.41 and its 200-day simple moving average is $8.81. Quantum has a one year low of $4.19 and a one year high of $24.93.

Quantum (NASDAQ:QMCO) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.35. The company had revenue of $80.80 million during the quarter, compared to the consensus estimate of $75.05 million. Quantum has set its Q2 2027 guidance at 0.020-0.220 EPS. As a group, analysts anticipate that Quantum will post -0.28 EPS for the current year.

Institutional Trading of Quantum

Institutional investors and hedge funds have recently made changes to their positions in the business. Sona Asset Management US LLC bought a new stake in Quantum in the first quarter valued at about $333,000. Bank of America Corp DE lifted its stake in Quantum by 337.5% in the third quarter. Bank of America Corp DE now owns 2,896 shares of the company’s stock valued at $29,000 after buying an additional 2,234 shares during the period. R Squared Ltd bought a new position in Quantum during the first quarter worth about $58,000. NBC Securities Inc. bought a new position in Quantum during the fourth quarter worth about $26,000. Finally, Millennium Management LLC acquired a new position in shares of Quantum during the 4th quarter worth about $73,000. Institutional investors own 63.66% of the company’s stock.

More Quantum News

Here are the key news stories impacting Quantum this week:

• Positive Sentiment: Quantum reported quarterly EPS of $0.18, exceeding the consensus estimate of a $0.17 loss, while revenue of $80.8 million topped expectations of $75.05 million. The results strengthened confidence in the company’s operating momentum. Quantum Shares Gap Up After Earnings Beat
• Positive Sentiment: Management’s fiscal second-quarter 2027 outlook calls for approximately $82 million in revenue, with fulfillment supported by demand for tape drives. The report noted that supply constraints are limiting shipments, suggesting additional upside if production and deliveries improve. Quantum Anticipates $82M Revenue for Fiscal Q2 2027
• Positive Sentiment: Northland Securities upgraded Quantum to “Outperform,” providing additional analyst support after the earnings beat and stronger guidance. Quantum Raised to Outperform at Northland Securities
• Positive Sentiment: Unusually high trading volume in Quantum call options indicates that some traders are positioning for continued share-price appreciation, potentially adding to near-term momentum. Stock Traders Purchase High Volume of Quantum Call Options
• Neutral Sentiment: A comparison of Quantum with industry competitors provides broader context but does not identify a specific new fundamental catalyst for QMCO. Head-To-Head Survey: Quantum and Its Competitors
• Negative Sentiment: Despite praising Quantum’s strong results and outlook, one Seeking Alpha analysis downgraded the stock because its valuation appears stretched following the rally. Quantum: Strong Results and Outlook, but Downgrading on Valuation
• Negative Sentiment: GuruFocus also characterized QMCO as overvalued, with a GF Score of 43/100. This reinforces the risk that profit-taking could emerge if growth does not justify the stock’s elevated valuation. Quantum Stock Up but GF Value Says Overvalued

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.