Quantum (NASDAQ:QMCO) Issues Q2 2027 Earnings Guidance

Quantum (NASDAQ:QMCO) issued an update on its second quarter 2027 earnings guidance on Monday morning. The company provided earnings per share (EPS) 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.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on QMCO. Lake Street Capital restated a “buy” rating on shares of Quantum in a research note on Friday, June 26th. Northland Securities lowered Quantum from an “outperform” rating to a “market perform” rating and set a $13.00 target price for the company. in a research note on Friday, June 26th. Litchfield Hills Research initiated coverage on Quantum in a research note on Monday. They issued a “buy” rating for the company. Needham & Company LLC began coverage on Quantum in a report on Wednesday, June 3rd. They set a “buy” rating on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum in a research report on Wednesday, June 24th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $17.67.

Quantum Trading Down 2.2%

QMCO stock traded down $0.26 during trading on Monday, reaching $11.78. The stock had a trading volume of 1,266,176 shares, compared to its average volume of 777,365. The firm has a fifty day moving average price of $11.95 and a 200 day moving average price of $8.47. The company has a market capitalization of $464.13 million, a P/E ratio of -1.46 and a beta of 2.97. Quantum has a 1-year low of $4.19 and a 1-year high of $18.48.

Institutional Investors Weigh In On Quantum

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its stake in shares of Quantum by 337.5% during the 3rd 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 last quarter. BNP Paribas Financial Markets grew its holdings in Quantum by 322.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,461 shares of the company’s stock worth $34,000 after acquiring an additional 2,641 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Quantum in the 2nd quarter worth about $46,000. Millennium Management LLC acquired a new stake in shares of Quantum in the 4th quarter valued at about $73,000. Finally, XTX Topco Ltd bought a new position in shares of Quantum during the fourth quarter worth about $77,000. 63.66% of the stock is currently owned by hedge funds and other 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.