Lake Street Capital Weighs in on Quantum FY2026 Earnings

Quantum Corporation (NASDAQ:QMCO) – Research analysts at Lake Street Capital issued their FY2026 EPS estimates for Quantum in a research report issued on Sunday, June 14th. Lake Street Capital analyst J. Stephan expects that the company will earn ($2.52) per share for the year. Lake Street Capital has a “Buy” rating and a $20.00 price objective on the stock. The consensus estimate for Quantum’s current full-year earnings is ($2.58) per share. Lake Street Capital also issued estimates for Quantum’s Q4 2026 earnings at ($0.32) EPS.

QMCO has been the topic of several other reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum in a research note on Friday, March 27th. Needham & Company LLC started coverage on Quantum in a report on Wednesday, June 3rd. They set a “buy” rating on the stock. Finally, Wall Street Zen upgraded Quantum from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.67.

Quantum Stock Performance

Quantum stock opened at $14.41 on Wednesday. The firm has a market cap of $210.96 million, a P/E ratio of -6.11 and a beta of 2.97. The business’s fifty day moving average is $9.18 and its two-hundred day moving average is $7.46. Quantum has a 52 week low of $4.19 and a 52 week high of $18.48.

Hedge Funds Weigh In On Quantum

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its holdings in Quantum by 337.5% during the third quarter. Bank of America Corp DE now owns 2,896 shares of the company’s stock valued at $29,000 after purchasing an additional 2,234 shares during the period. BNP Paribas Financial Markets increased its stake in Quantum by 322.1% in the third quarter. BNP Paribas Financial Markets now owns 3,461 shares of the company’s stock valued at $34,000 after purchasing an additional 2,641 shares in the last quarter. Flagship Harbor Advisors LLC raised its holdings in Quantum by 17.1% in the fourth quarter. Flagship Harbor Advisors LLC now owns 26,585 shares of the company’s stock worth $171,000 after purchasing an additional 3,875 shares during the period. NBC Securities Inc. bought a new position in shares of Quantum during the fourth quarter worth $26,000. Finally, Raymond James Financial Inc. bought a new position in shares of Quantum during the second quarter worth $46,000. 63.66% of the stock is currently owned by institutional investors and hedge funds.

Quantum Company Profile

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.