Quantum (NASDAQ:QMCO) Announces Earnings Results, Misses Expectations By $0.29 EPS

Quantum (NASDAQ:QMCO) released its quarterly earnings data on Thursday. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.29), FiscalAI reports. The business had revenue of $62.72 million for the quarter, compared to analyst estimates of $65.88 million. Quantum updated its Q3 2026 guidance to -0.610–0.410 EPS.

Quantum Price Performance

Shares of QMCO traded up $0.84 during mid-day trading on Friday, reaching $7.87. 2,167,829 shares of the company’s stock traded hands, compared to its average volume of 1,585,875. The stock’s 50-day moving average is $9.75 and its two-hundred day moving average is $9.60. Quantum has a 12 month low of $2.88 and a 12 month high of $90.64. The stock has a market cap of $105.45 million, a P/E ratio of -1.77 and a beta of 2.64.

Institutional Trading of Quantum

Institutional investors and hedge funds have recently made changes to their positions in the business. Marshall Wace LLP purchased a new stake in shares of Quantum during the second quarter valued at $1,775,000. UBS Group AG boosted its position in Quantum by 170.0% in the 3rd quarter. UBS Group AG now owns 162,605 shares of the company’s stock valued at $1,613,000 after buying an additional 102,384 shares during the period. Vanguard Group Inc. grew its stake in Quantum by 18.3% in the 3rd quarter. Vanguard Group Inc. now owns 303,597 shares of the company’s stock worth $3,012,000 after acquiring an additional 46,919 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Quantum by 9.1% during the second quarter. Geode Capital Management LLC now owns 69,384 shares of the company’s stock worth $692,000 after acquiring an additional 5,806 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Quantum during the second quarter valued at approximately $46,000. 63.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on QMCO. Weiss Ratings reiterated a “sell (e+)” rating on shares of Quantum in a research report on Thursday. Wall Street Zen lowered Quantum from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. Needham & Company LLC set a $20.00 target price on Quantum in a report on Monday, August 11th. Finally, Northland Securities raised Quantum from a “market perform” rating to an “outperform” rating and set a $13.00 target price on the stock in a research report on Friday. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $17.67.

Quantum Company Profile

Quantum Corporation provides products for storing and managing digital video and unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Myriad All-Flash File and Object Storage Software for high performance enterprise unstructured data applications such as AI, machine learning, and data analytics; Unified Surveillance Platform Software that unified compute and storage for video surveillance recording, storage, and analytics; StorNext Hybrid Flash/Disk File Storage Software for video editing, post-production, and streaming applications, as well as digital file archives; and CatDV Asset Management Software for indexing, cataloging, enriching video, audio, and image files, and workflow orchestration.