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 guidance of 0.020-0.220 for the period, compared to the consensus EPS 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.

Analysts Set New Price Targets

Several research analysts have recently weighed in on QMCO shares. Northland Securities upgraded Quantum from a “market perform” rating to an “outperform” rating and set a $24.00 price target for the company in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum in a research report on Wednesday, June 24th. Needham & Company LLC assumed coverage on Quantum in a report on Wednesday, June 3rd. They issued a “buy” rating for the company. Litchfield Hills Research initiated coverage on Quantum in a research report on Monday. They issued a “buy” rating for the company. Finally, Lake Street Capital restated a “buy” rating and set a $24.00 target price (up from $20.00) on shares of Quantum in a research note on Tuesday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Quantum Price Performance

QMCO stock opened at $19.40 on Wednesday. The company has a market cap of $764.36 million, a P/E ratio of -1.47 and a beta of 2.97. Quantum has a 1 year low of $4.19 and a 1 year high of $19.60. The stock’s fifty day moving average price is $12.11 and its 200-day moving average price is $8.58.

Quantum (NASDAQ:QMCO) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.35. The firm 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. As a group, analysts expect that Quantum will post -0.28 earnings per share for the current year.

Hedge Funds Weigh In On Quantum

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

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.