Quantum Corp (QTM) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Quantum Corp (QTM) reported quarterly earnings results on Tuesday, May-10-2016. The company reported $0.02 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.03. The company posted revenue of $120.00 million in the period, compared to analysts expectations of $120.10 million. The company’s revenue was down -18.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.

Quantum Corp opened for trading at $0.45 and hit $0.4672 on the upside on Friday, eventually ending the session at $0.46, with a gain of 4.55% or 0.02 points. The heightened volatility saw the trading volume jump to 11,69,575 shares. Company has a market cap of $122 M.

In a different news, on Nov 20, 2015, Geoff G. Stedman (SVP, StorNext Solutions) purchased 10,000 shares at $0.87 per share price. According to the SEC, on Nov 18, 2015, William C Britts (SVP, Worldwide Sales & Mktg.) purchased 40,000 shares at $0.85 per share price. On Nov 6, 2015, Paul R. Iii Auvil (director) purchased 20,000 shares at $1.03 per share price, according to the Form-4 filing with the securities and exchange commission.

Quantum Corporation (Quantum) is engaged in providing solutions in scale-out storage archive and data protection. The Company provides solutions for capturing sharing and preserving digital assets over the entire data lifecycle. The Company provides solutions for storing and protecting information in physical virtual and cloud environments. The Company’s scale-out storage portfolio includes StorNext software appliances and systems called StorNext Pro Solutions as well as Lattus extended online storage and Q-Cloud Archive services. StorNext 5 includes the streaming file system and policy-based tiering for automatically moving data across primary storage online storage tape archive and the cloud. The Company has portfolio of data protection solutions for physical virtual and cloud environments. This includes its DXi deduplication systems Scalar automated tape libraries and vmPRO virtual server backup software. It offers a Q-Cloud service for data center customers.

Quantum Corp

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