Quantum (QTM) Receives News Sentiment Score of 0.15
Media stories about Quantum (NYSE:QTM) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Quantum earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 44.9009775767254 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- IBM Takes a Step Toward Commercial Quantum Computing (fool.com)
- First Quantum to buy 50% stake in Northern Dynasty’s Pebble Project (seekingalpha.com)
- Quantum Cobalt samples 10.59% and 2.22% cobalt in historic development rock pile on Kahuna Project (prnewswire.com)
- Is Quantum Corporation (NYSE:QTM) Expensive For A Reason? A Look At The Intrinsic Value (finance.yahoo.com)
- ETFs with exposure to Quantum Corp. : December 14, 2017 (finance.yahoo.com)
Separately, Zacks Investment Research cut Quantum from a “hold” rating to a “sell” rating in a report on Thursday, October 5th.
Quantum (NYSE:QTM) last issued its quarterly earnings data on Thursday, November 9th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.13). The firm had revenue of $107.10 million for the quarter, compared to analyst estimates of $122.20 million. Quantum had a negative return on equity of 7.26% and a negative net margin of 1.77%. The business’s revenue for the quarter was down 20.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.02 earnings per share. research analysts predict that Quantum will post 0.08 earnings per share for the current year.
In related news, insider Jon W. Gacek sold 5,793 shares of Quantum stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $6.19, for a total transaction of $35,858.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.55% of the company’s stock.
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Quantum Corporation focuses on scale-out storage, archive and data protection, providing solutions for capturing, sharing, managing and preserving digital assets over the entire data lifecycle. The Company’s end-to-end tiered storage solutions enable users to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity.
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