News stories about Quantum Corporation (NYSE:QTM) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Quantum Corporation earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 45.9313675306351 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:

QTM has been the subject of several analyst reports. BidaskClub downgraded shares of Quantum Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research downgraded shares of Quantum Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, Lake Street Capital decreased their price objective on shares of Quantum Corporation from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, August 10th.

Shares of Quantum Corporation (NYSE:QTM) opened at 6.08 on Wednesday. The firm has a 50-day moving average of $6.34 and a 200 day moving average of $5.69. The company has a market cap of $209.59 million, a P/E ratio of 59.03 and a beta of 2.39. Quantum Corporation has a 52 week low of $4.86 and a 52 week high of $9.20.

Quantum Corporation (NYSE:QTM) last posted its quarterly earnings results on Wednesday, August 9th. The technology company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). Quantum Corporation had a net margin of 0.64% and a negative return on equity of 7.26%. The firm had revenue of $116.86 million during the quarter, compared to analysts’ expectations of $119.40 million. Quantum Corporation’s revenue for the quarter was up .5% on a year-over-year basis. Equities analysts expect that Quantum Corporation will post $0.47 EPS for the current fiscal year.

In other news, VP Shawn D. Hall sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $7.82, for a total value of $78,200.00. Following the transaction, the vice president now directly owns 158,344 shares in the company, valued at approximately $1,238,250.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Fuad Ahmad sold 17,000 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $8.46, for a total transaction of $143,820.00. Following the completion of the transaction, the chief financial officer now owns 153,603 shares in the company, valued at $1,299,481.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,166 shares of company stock worth $794,619. Company insiders own 8.55% of the company’s stock.

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Quantum Corporation Company Profile

Quantum Corporation focuses on scale-out storage, archive and data protection, providing solutions for capturing, sharing, managing and preserving digital assets over the entire data lifecycle. The Company’s end-to-end tiered storage solutions enable users to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity.

Insider Buying and Selling by Quarter for Quantum Corporation (NYSE:QTM)

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