QMCO icon

Quantum Corp

32.60 USD
-5.97
15.48%
At close Jan 17, 4:00 PM EST
After hours
33.30
+0.70
2.15%
1 day
-15.48%
5 days
30.40%
1 month
37.44%
3 months
818.31%
6 months
296.11%
Year to date
-40.10%
1 year
516.26%
5 years
-75.08%
10 years
-86.85%
 

About: Quantum Corp is a United States-based company that delivers end-to-end data management solutions designed for unstructured data. The company provides solutions for the entire data lifecycle. The company specialize in solutions for video, images, audio, and other large files. The company's portfolio of products includes primary storage software and systems, secondary storage software and systems, as well as devices and media. The company's Primary Storage Software and Systems include Myriad All-Flash Software-Defined Storage, StorNext Hybrid Flash/Disk File Storage Software, and Unified Surveillance Platform Software. Secondary Storage Software and Systems include ActiveScale Object Storage Software and DXi Backup Appliances. The firm derives the majority of its revenue from United States.

Employees: 770

0
Funds holding %
of 6,823 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

2.54% less ownership

Funds ownership: 50.03% [Q2] → 47.48% (-2.54%) [Q3]

50% less funds holding

Funds holding: 52 [Q2] → 26 (-26) [Q3]

59% less capital invested

Capital invested by funds: $19.5M [Q2] → $7.96M (-$11.5M) [Q3]

83% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 30

100% less repeat investments, than reductions

Existing positions increased: 0 | Existing positions reduced: 21

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target
$5
85%
downside
Avg. target
$5
85%
downside
High target
$5
85%
downside

1 analyst rating

positive
0%
neutral
100%
negative
0%
Northland Capital Markets
Nehal Chokshi
69% 1-year accuracy
9 / 13 met price target
85%downside
$5
Market Perform
Reiterated
14 Nov 2024

Financial journalist opinion

Based on 3 articles about QMCO published over the past 30 days

Neutral
Business Wire
1 week ago
Quantum Provides Clarification Regarding Recent Shareholder Transactions
SAN JOSE, Calif.--(BUSINESS WIRE)--Quantum Corporation (NASDAQ: QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, today announced the Company's senior lenders recently exercised previously issued warrants to purchase shares of Quantum's common stock. These transactions had been incorrectly reported by certain news outlets as a disposition of shares. The Company wanted to clarify the nature of these transactions and also reiterate that the associated parties.
Quantum Provides Clarification Regarding Recent Shareholder Transactions
Positive
Invezz
3 weeks ago
RGTI, QSI, QMCO, IONQ stocks are surging: time to short them?
Quantum computing stocks have gone parabolic this month as investors pile into this sector, comparing it to the artificial intelligence industry.  Rigetti Computing (RGTI) stock has soared by over 542% in the last 30 days, while Quantum-Si (QSI) has surged by 65% in the same period.
RGTI, QSI, QMCO, IONQ stocks are surging: time to short them?
Positive
Seeking Alpha
4 weeks ago
Quantum: An AI Stock Making LLM Training Cheaper
Quantum Corporation's stock has significant upside potential due to its innovative data management solutions, aiding GenAI firms in reducing training costs and time for LLMs. Quantum's diverse product portfolio, including primary and secondary storage, device and media, and services, ensures comprehensive data lifecycle management and competitive advantages for clients. Despite high interest expenses, deferred revenue boosts free cash flow, enabling Quantum to invest in research and development, with anticipated growth in the AI market.
Quantum: An AI Stock Making LLM Training Cheaper
Positive
Zacks Investment Research
1 month ago
Quantum's Myriad Boosts NVIDIA GPUDirect Storage, QMCO Stock Up 153%
QMCO's new parallel file system client for its Myriad all-flash file system is set to maximize NVIDIA GPUDirect Storage capability and power AI/ML models.
Quantum's Myriad Boosts NVIDIA GPUDirect Storage, QMCO Stock Up 153%
Neutral
Business Wire
1 month ago
Quantum Announces Support for NVIDIA GPUDirect Storage with Myriad All-Flash File System
SAN JOSE, Calif.--(BUSINESS WIRE)--Quantum today announced support for NVIDIA GPUDirect Storage with the Quantum Myriad All-Flash File System.
Quantum Announces Support for NVIDIA GPUDirect Storage with Myriad All-Flash File System
Positive
Seeking Alpha
1 month ago
Quantum Stocks Leap
Alphabet has continued to surge higher since last week following news about its Willow quantum computing chip. The stock's recent jump higher has taken it back to new all-time highs. Since the Willow chip news from Google, smaller companies focused on quantum computing have skyrocketed. During bull markets, you often see short bursts higher like this in speculative industries due to the "FOMO" trade (fear of missing out), and they often end in tears.
Quantum Stocks Leap
Neutral
Business Wire
1 month ago
Quantum Scalar i7 RAPTOR Now Available
SAN JOSE, Calif.--(BUSINESS WIRE)--Quantum Corporation (NASDAQ: QMCO) today announced the availability of the Scalar® i7 RAPTOR, the latest advancement in tape storage technology tailored to support growing AI and cloud use cases. Originally announced in March of this year, the Scalar i7 RAPTOR is designed for hyperscale customers, managed service providers (MSPs), and large enterprises and is the densest, most scalable tape solution on the market. As organizations look to retain more data than.
Quantum Scalar i7 RAPTOR Now Available
Positive
Schwab Network
1 month ago
Overlooked Stock: QMCO
Quantum Corp. (QMCO) shares hit multiple upside circuit breakers, following intense interest in the stock. Shares of QMCO doubled in Monday's session after Amazon (AMZN) announced plans to bolster AWS with QMCO's Quantum Embark program.
Overlooked Stock: QMCO
Positive
Invezz
1 month ago
Why has Quantum stock quadrupled in recent days?
Quantum Corporation (NASDAQ: QMCO) is extending its rally today as investors continue to cheer a new hybrid data protection appliance the company announced last week. The DXi9200 aims at addressing the rise in cyberattacks with added security and efficiency for data backup and recovery, as per a recent press release.
Why has Quantum stock quadrupled in recent days?
Positive
Zacks Investment Research
1 month ago
Quantum Boosts Cyber Resiliency With Advanced DXi9000 Series
QMCO strengthens enterprise cybersecurity by launching its latest DXi9000 Series, which offers flexible deployment and licensing options.
Quantum Boosts Cyber Resiliency With Advanced DXi9000 Series
Charts implemented using Lightweight Charts™