Quantum (NASDAQ:QMCO) Updates 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 earnings per share 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.

Analyst Ratings Changes

Several research firms have recently weighed in on QMCO. Lake Street Capital reiterated a “buy” rating on shares of Quantum in a research note on Friday, June 26th. Litchfield Hills Research initiated coverage on shares of Quantum in a report on Monday. They issued a “buy” rating for the company. Needham & Company LLC began coverage on shares of Quantum in a research note on Wednesday, June 3rd. They issued a “buy” rating for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum in a report on Wednesday, June 24th. Finally, Northland Securities downgraded Quantum from an “outperform” rating to a “market perform” rating and set a $13.00 target price on the stock. in a research report on Friday, June 26th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Quantum presently has an average rating of “Hold” and an average target price of $16.50.

Quantum Stock Down 2.2%

NASDAQ:QMCO opened at $11.78 on Tuesday. The stock has a market cap of $464.13 million, a P/E ratio of -1.46 and a beta of 2.97. The business’s 50-day moving average price is $11.98 and its two-hundred day moving average price is $8.50. Quantum has a twelve month low of $4.19 and a twelve month high of $18.48.

Quantum (NASDAQ:QMCO) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of ($0.17) by $0.35. The business had revenue of $80.80 million for the quarter, compared to analysts’ expectations of $75.05 million. Quantum has set its Q2 2027 guidance at 0.020-0.220 EPS. On average, equities research analysts expect that Quantum will post -0.28 EPS for the current fiscal year.

Quantum News Roundup

Here are the key news stories impacting Quantum this week:

• Positive Sentiment: Quantum reported non-GAAP adjusted earnings of $0.18 per diluted share, sharply exceeding the consensus estimate of a $0.17 loss and improving from a $1.58 loss per share a year earlier. Quantum Corp. Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: Fiscal first-quarter revenue rose 26% year over year to $80.8 million, exceeding both company guidance of approximately $75 million and analyst expectations near $75 million. Adjusted EBITDA was $8.0 million, while operating expenses declined year over year. Quantum Reports $80.8 Million Revenue for Fiscal Q1 2027
• Positive Sentiment: Management forecast fiscal second-quarter revenue of $80 million to $84 million and EPS of $0.02 to $0.22, above consensus estimates for roughly $75.4 million of revenue and a $0.04 per-share loss. Quantum also reported $54.6 million in cash and restricted cash with zero outstanding debt, compared with $104.3 million of debt a year earlier. Quantum Reports Fiscal First Quarter 2027 Financial Results
• Neutral Sentiment: Institutional ownership activity was mixed: 18 investors increased positions while 21 reduced them. Recent additions from BlackRock and other funds were offset by complete exits from some investors.
• Negative Sentiment: Quantum posted a GAAP net loss of $155.3 million, or $7.06 per share, versus a $17.2 million loss a year earlier. The loss was primarily caused by one-time charges related to debt-elimination transactions, but it may still concern investors focused on GAAP profitability.
• Negative Sentiment: Company insiders reported four open-market sales and no purchases during the past six months, including sales by the CEO, chief revenue officer, and chief accounting officer. This may temper enthusiasm despite the improved quarterly results.

Institutional Trading of Quantum

A number of hedge funds have recently made changes to their positions in QMCO. Vanguard Group Inc. increased its stake in Quantum by 18.3% in the third quarter. Vanguard Group Inc. now owns 303,597 shares of the company’s stock valued at $3,012,000 after acquiring an additional 46,919 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Quantum during the 2nd quarter valued at about $1,775,000. UBS Group AG increased its position in shares of Quantum by 170.0% during the 3rd quarter. UBS Group AG now owns 162,605 shares of the company’s stock valued at $1,613,000 after purchasing an additional 102,384 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Quantum by 97.5% during the 4th quarter. Geode Capital Management LLC now owns 156,871 shares of the company’s stock valued at $1,012,000 after buying an additional 77,444 shares in the last quarter. Finally, State Street Corp lifted its position in Quantum by 231.7% in the 4th quarter. State Street Corp now owns 90,714 shares of the company’s stock worth $585,000 after buying an additional 63,367 shares during the last quarter. 63.66% of the stock is owned by 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.