Quantum (QMCO) Expected to Announce Quarterly Earnings on Sunday

Quantum (NASDAQ:QMCO) is expected to be issuing its quarterly earnings data after the market closes on Sunday, February 2nd. Analysts expect the company to announce earnings of ($0.84) per share and revenue of $72,000.00 billion for the quarter.

Quantum Stock Down 2.6 %

QMCO stock opened at $32.57 on Friday. Quantum has a fifty-two week low of $2.22 and a fifty-two week high of $90.64. The business has a 50-day moving average of $30.41 and a 200-day moving average of $13.83.

Insider Activity at Quantum

In related news, SVP Brian E. Cabrera sold 1,996 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $35.68, for a total transaction of $71,217.28. Following the transaction, the senior vice president now directly owns 27,940 shares in the company, valued at approximately $996,899.20. The trade was a 6.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James J. Lerner sold 2,511 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $35.68, for a total transaction of $89,592.48. Following the completion of the sale, the chief executive officer now owns 107,804 shares of the company’s stock, valued at approximately $3,846,446.72. This represents a 2.28 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,490 shares of company stock valued at $316,162. Corporate insiders own 3.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Northland Securities reaffirmed a “market perform” rating and set a $5.00 price target (up previously from $0.25) on shares of Quantum in a research report on Thursday, November 14th.

Quantum Company Profile

Quantum Corporation provides products for storing and managing digital video and unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Myriad All-Flash File and Object Storage Software for high performance enterprise unstructured data applications such as AI, machine learning, and data analytics; Unified Surveillance Platform Software that unified compute and storage for video surveillance recording, storage, and analytics; StorNext Hybrid Flash/Disk File Storage Software for video editing, post-production, and streaming applications, as well as digital file archives; and CatDV Asset Management Software for indexing, cataloging, enriching video, audio, and image files, and workflow orchestration.