Quantum (NASDAQ:QMCO) Updates Q1 2027 Earnings Guidance

Quantum (NASDAQ:QMCO) issued an update on its first quarter 2027 earnings guidance on Thursday morning. The company provided earnings per share guidance of -0.250–0.050 for the period, compared to the consensus estimate of -0.240. The company issued revenue guidance of $73.0 million-$77.0 million, compared to the consensus revenue estimate of $71.8 million.

Analyst Ratings Changes

Several research firms have recently issued reports on QMCO. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum in a report on Wednesday. Lake Street Capital reiterated a “buy” rating and set a $20.00 price target (up from $8.00) on shares of Quantum in a report on Wednesday, June 3rd. Finally, Needham & Company LLC started coverage on shares of Quantum in a research report on Wednesday, June 3rd. They issued a “buy” rating on the stock. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Quantum presently has a consensus rating of “Moderate Buy” and an average target price of $17.67.

Quantum Stock Performance

Shares of QMCO opened at $12.93 on Friday. The business has a 50-day moving average of $10.31 and a 200 day moving average of $7.77. Quantum has a fifty-two week low of $4.19 and a fifty-two week high of $18.48. The firm has a market cap of $189.30 million, a P/E ratio of -5.48 and a beta of 2.97.

Institutional Trading of Quantum

A number of institutional investors have recently modified their holdings of QMCO. Bank of America Corp DE grew its stake in Quantum by 337.5% in 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 in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Quantum by 322.1% in the third 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 during the period. Raymond James Financial Inc. purchased a new position in shares of Quantum in the second quarter valued at $46,000. Geode Capital Management LLC grew its position in shares of Quantum by 9.1% in the second quarter. Geode Capital Management LLC now owns 69,384 shares of the company’s stock valued at $692,000 after purchasing an additional 5,806 shares in the last quarter. Finally, Millennium Management LLC bought a new stake in shares of Quantum during the 4th quarter valued at $73,000. 63.66% of the stock is currently owned by hedge funds and other institutional investors.

About Quantum

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.