Qumu (QUMU) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Qumu (NASDAQ:QUMU) from a hold rating to a buy rating in a research report report published on Thursday. Zacks Investment Research currently has $2.75 price target on the technology company’s stock.

According to Zacks, “Qumu Corp. provides enterprise video solutions. The company offers a media appliance for video creation and distribution, an enterprise video platform to manage process stages in a video’s lifecycle, a solution to manage and deliver live Webcasts and digital signage software to deliver corporate video communications and other content to displays in reception areas, lobbies, lunchrooms, waiting areas and other gathering places. It serves financial services, communications, manufacturing, and professional services markets. Qumu Corp., formerly known as Rimage Corporation, is based in Minneapolis, United States. “

Shares of NASDAQ QUMU traded up $0.01 during trading hours on Thursday, hitting $2.35. The company’s stock had a trading volume of 32,069 shares, compared to its average volume of 12,946. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.80 and a quick ratio of 0.80. Qumu has a 12 month low of $1.42 and a 12 month high of $3.15.

Qumu (NASDAQ:QUMU) last posted its earnings results on Wednesday, October 31st. The technology company reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.37). The business had revenue of $5.65 million during the quarter. Qumu had a negative return on equity of 81.43% and a negative net margin of 27.26%. As a group, research analysts predict that Qumu will post -0.77 EPS for the current fiscal year.

About Qumu

Qumu Corporation provides tools to create, manage, secure, distribute, and deliver live and on-demand video content for the enterprises. It offers Qumu Qx Enterprise Video Platform, an end-to-end video creation, management, and delivery solution through the sale of software licenses and hardware, software on server appliance, software-enabled devices, and a cloud-hosted software-as-a-service platform.

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