News articles about Quantum (NYSE:QTM) have trended somewhat negative on Wednesday, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Quantum earned a news sentiment score of 0.00 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 47.2219764232821 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Quantum Corp. :QTM-US: Earnings Analysis: Q2, 2018 By the Numbers : November 29, 2017 (finance.yahoo.com)
- Tech Industry Trends And Its Impact On Quantum Corporation (QTM) (finance.yahoo.com)
- Quantum’s Molly Presley Joins Active Archive Alliance Board of Directors (markets.financialcontent.com)
- Quantum (QTM) and Synaptics (SYNA) Financial Review (americanbankingnews.com)
- Quantum3D Announces Launch of Online Store (prnewswire.com)
Several equities analysts have recently weighed in on the stock. Lake Street Capital decreased their price target on shares of Quantum from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, August 10th. Zacks Investment Research downgraded Quantum from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Finally, BidaskClub downgraded Quantum from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th.
Quantum (NYSE:QTM) last released its quarterly earnings data on Thursday, November 9th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.13). The company had revenue of $107.10 million during the quarter, compared to analyst estimates of $122.20 million. Quantum had a negative net margin of 1.77% and a negative return on equity of 7.26%. The company’s quarterly revenue was down 20.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.02 EPS. sell-side analysts forecast that Quantum will post 0.09 earnings per share for the current year.
In other news, insider Jon W. Gacek sold 12,254 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $5.50, for a total value of $67,397.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.55% of the company’s stock.
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Quantum Company Profile
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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