Lake Street Capital Predicts Quantum Q2 Earnings

Quantum Corporation (NASDAQ:QMCO) – Equities researchers at Lake Street Capital issued their Q2 2027 EPS estimates for Quantum in a research note issued on Wednesday, October 28th. Lake Street Capital analyst J. Stephan anticipates that the company will earn $0.10 per share for the quarter. Lake Street Capital currently has a “Buy” rating and a $29.00 target price on the stock. The consensus estimate for Quantum’s current full-year earnings is $0.31 per share.

A number of other analysts also recently commented on QMCO. Wall Street Zen raised Quantum from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Quantum in a report on Monday, September 21st. Northland Securities raised Quantum from a “market perform” rating to an “outperform” rating and set a $24.00 price objective on the stock in a research report on Tuesday, August 11th. Litchfield Hills Research assumed coverage on Quantum in a research note on Monday, August 10th. They issued a “buy” rating for the company. Finally, Cantor Fitzgerald started coverage on Quantum in a research report on Friday, October 23rd. They set an “overweight” rating and a $29.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.33.

Quantum Stock Up 0.2%

Shares of NASDAQ QMCO opened at $20.77 on Friday. Quantum has a twelve month low of $4.19 and a twelve month high of $35.65. The stock’s 50 day moving average price is $24.77 and its 200-day moving average price is $13.03. The company has a market capitalization of $818.55 million, a PE ratio of -1.57 and a beta of 3.08.

Quantum (NASDAQ:QMCO) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.35. The firm had revenue of $80.80 million during 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 Investors Weigh In On Quantum

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. purchased a new stake in Quantum during the second quarter valued at about $29,193,000. Two Seas Capital LP bought a new position in Quantum during the second quarter worth about $27,374,000. Manatuck Hill Partners LLC purchased a new position in shares of Quantum in the second quarter worth about $3,850,000. BlackRock Inc. purchased a new position in shares of Quantum in the second quarter worth about $3,003,000. Finally, Bank of America Corp DE increased its stake in shares of Quantum by 730.5% in the second quarter. Bank of America Corp DE now owns 170,130 shares of the company’s stock worth $1,871,000 after purchasing an additional 149,645 shares in the last quarter. 63.66% of the stock is currently owned by institutional investors.

Quantum Company Profile

Quantum Corporation (NASDAQ: QMCO) provides data storage, management and protection solutions for organizations that generate and retain large volumes of unstructured data. Its offerings are designed to help customers store, protect, archive and access information across on-premises, cloud and hybrid environments.

The company’s product portfolio has included Scalar tape libraries and LTO tape storage products, DXi deduplication and backup appliances, and software-defined storage solutions such as ActiveScale object storage.