Lake Street Capital Comments on Quantum Q1 Earnings

Quantum Corporation (NASDAQ:QMCO) – Stock analysts at Lake Street Capital issued their Q1 2027 earnings per share (EPS) estimates for shares of Quantum in a research report issued to clients and investors on Thursday, August 6th. Lake Street Capital analyst J. Stephan forecasts that the company will post earnings of ($0.24) per share for the quarter. Lake Street Capital has a “Buy” rating and a $24.00 price target on the stock. The consensus estimate for Quantum’s current full-year earnings is ($0.28) per share.

QMCO has been the topic of a number of other reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum in a research report on Wednesday, June 24th. Northland Securities raised shares of Quantum from a “market perform” rating to an “outperform” rating and set a $24.00 price objective for the company in a report on Tuesday. Litchfield Hills Research assumed coverage on shares of Quantum in a research report on Monday. They set a “buy” rating on the stock. Finally, Needham & Company LLC assumed coverage on shares of Quantum in a research report on Wednesday, June 3rd. They set a “buy” rating on the stock. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Quantum Stock Performance

Shares of Quantum stock opened at $19.40 on Monday. The firm has a 50-day moving average of $12.11 and a 200-day moving average of $8.58. The stock has a market cap of $764.36 million, a PE ratio of -1.47 and a beta of 2.97. Quantum has a 52-week low of $4.19 and a 52-week high of $19.60.

Quantum (NASDAQ:QMCO) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.35. The firm had revenue of $80.80 million for the quarter, compared to the consensus estimate of $75.05 million. Quantum has set its Q2 2027 guidance at 0.020-0.220 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new stake in shares of Quantum in the 4th quarter valued at $26,000. Bank of America Corp DE raised its holdings in shares of Quantum by 337.5% during the 3rd quarter. Bank of America Corp DE now owns 2,896 shares of the company’s stock worth $29,000 after buying an additional 2,234 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Quantum by 322.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,461 shares of the company’s stock worth $34,000 after buying an additional 2,641 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Quantum during the 2nd quarter worth $46,000. Finally, R Squared Ltd acquired a new stake in Quantum in the first quarter valued at about $58,000. 63.66% of the stock is currently owned by institutional investors and hedge funds.

Quantum News Summary

Here are the key news stories impacting Quantum this week:

• Positive Sentiment: Q1 results significantly exceeded expectations. Quantum reported adjusted earnings of $0.18 per share, versus the consensus estimate for a $0.17 loss, while revenue reached $80.8 million—above the $75.05 million analyst estimate and up 26% year over year. Quantum Reports Fiscal First Quarter 2027 Financial Results
• Positive Sentiment: Management provided upbeat second-quarter guidance. Quantum expects fiscal Q2 2027 revenue of $80 million to $84 million and EPS of $0.02 to $0.22, both above consensus forecasts of $75.4 million in revenue and a $0.04 loss per share. Quantum earnings report
• Positive Sentiment: Balance-sheet improvement adds support. Quantum reported zero outstanding debt at June 30, compared with $104.3 million a year earlier. Adjusted EBITDA was $8 million, and operating expenses declined year over year.
• Positive Sentiment: Northland Securities upgraded QMCO to “outperform” from “market perform” and assigned a $24 price target, implying additional upside from the recent trading level. The Fly analyst upgrade report
• Positive Sentiment: Options activity indicated heightened bullish speculation. Investors purchased 5,709 call options, approximately 813% above the average daily volume of 625 contracts.
• Neutral Sentiment: Reported short-interest data showed zero shares short and a zero-day short-interest ratio, limiting its usefulness as a signal; the figures may reflect incomplete or anomalous data.
• Negative Sentiment: GAAP results remained weak. Quantum posted a $155.3 million GAAP net loss, or $7.06 per share, largely because of one-time charges related to debt-elimination transactions. In addition, reported insider activity consisted of sales rather than purchases, which may temper bullish sentiment.

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.