Q1 EPS Estimates for Quantum Raised by Northland Securities

Quantum Corporation (NASDAQ:QMCO) – Analysts at Northland Securities upped their Q1 2027 earnings estimates for Quantum in a report released on Friday, June 26th. Northland Securities analyst N. Chokshi now expects that the company will earn ($0.20) per share for the quarter, up from their prior forecast of ($0.24). Northland Securities currently has a “Market Perform” rating and a $13.00 target price on the stock. The consensus estimate for Quantum’s current full-year earnings is ($0.33) per share. Northland Securities also issued estimates for Quantum’s Q2 2027 earnings at ($0.07) EPS, Q3 2027 earnings at $0.00 EPS, Q4 2027 earnings at ($0.05) EPS, FY2027 earnings at ($0.28) EPS, Q1 2028 earnings at $0.02 EPS, Q2 2028 earnings at $0.05 EPS, Q3 2028 earnings at $0.10 EPS, Q4 2028 earnings at $0.03 EPS and FY2028 earnings at $0.19 EPS.

A number of other equities research analysts have also issued reports on QMCO. Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum in a research note on Wednesday, June 24th. Needham & Company LLC initiated coverage on shares of Quantum in a research note on Wednesday, June 3rd. They issued a “buy” rating on the stock. Finally, Lake Street Capital reiterated a “buy” rating on shares of Quantum in a report on Friday, June 26th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $17.67.

Quantum Stock Performance

Shares of QMCO opened at $10.16 on Friday. The company has a market capitalization of $148.72 million, a PE ratio of -1.26 and a beta of 2.95. The company’s 50 day moving average price is $10.71 and its 200 day moving average price is $7.84. Quantum has a 52 week low of $4.19 and a 52 week high of $18.48.

Hedge Funds Weigh In On Quantum

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QMCO. Geode Capital Management LLC lifted its stake in Quantum by 9.1% in the second quarter. Geode Capital Management LLC now owns 69,384 shares of the company’s stock valued at $692,000 after acquiring an additional 5,806 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Quantum during the 2nd quarter worth $1,775,000. Raymond James Financial Inc. acquired a new position in shares of Quantum during the 2nd quarter worth $46,000. Vanguard Group Inc. raised its holdings 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 purchasing an additional 46,919 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Quantum by 322.1% during the 3rd 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. Institutional investors own 63.66% of the company’s stock.

Trending Headlines about Quantum

Here are the key news stories impacting Quantum this week:

• Positive Sentiment: Northland raised its FY2027 EPS estimate for Quantum to ($0.28) from ($0.33), suggesting some improvement in profitability expectations. Quantum Corporation stock page
• Positive Sentiment: The firm also lifted its FY2028 EPS estimate to $0.19, implying a path toward sustained profitability over time. Quantum Corporation stock page
• Positive Sentiment: Northland improved its Q1 2027 and Q2 2027 estimates, showing some near-term sequential progress in earnings expectations. Quantum Corporation stock page
• Neutral Sentiment: Northland reiterated its Market Perform stance and $13 target, indicating the stock remains viewed as fairly valued for now. Quantum Corporation stock page
• Negative Sentiment: Northland lowered its Q3 2027 estimate to $0.00 from $0.10, signaling weaker expected momentum later in fiscal 2027. Quantum Corporation stock page
• Negative Sentiment: The firm also trimmed its Q4 2027 estimate to ($0.05) from ($0.04), reinforcing concerns that Quantum may remain unprofitable in the near term. Quantum Corporation stock page

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.