Quantum Corporation (QTM) Earns Coverage Optimism Score of 0.17

Headlines about Quantum Corporation (NYSE:QTM) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Quantum Corporation earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.9285258792581 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the headlines that may have impacted Accern’s analysis:

Quantum Corporation (QTM) opened at 7.68 on Tuesday. Quantum Corporation has a 52 week low of $4.48 and a 52 week high of $9.20. The company’s 50-day moving average price is $7.91 and its 200 day moving average price is $4.71. The company has a market cap of $261.83 million, a PE ratio of 71.11 and a beta of 2.34.

Quantum Corporation (NYSE:QTM) last released its earnings results on Wednesday, May 10th. The technology company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $120.80 million during the quarter, compared to the consensus estimate of $122.59 million. Quantum Corporation had a negative return on equity of 5.94% and a net margin of 0.62%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.02 earnings per share. On average, analysts anticipate that Quantum Corporation will post $0.63 EPS for the current year.

Several brokerages recently weighed in on QTM. BidaskClub cut Quantum Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research cut Quantum Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th.

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In other news, CFO Fuad Ahmad sold 17,000 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 153,603 shares in the company, valued at $1,299,481.38. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Robert S. Clark sold 61,912 shares of the business’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $8.16, for a total value of $505,201.92. Following the sale, the senior vice president now owns 74,703 shares of the company’s stock, valued at approximately $609,576.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,912 shares of company stock valued at $727,222. 8.55% of the stock is currently owned by corporate insiders.

About Quantum Corporation

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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