Quantum Corporation (QTM) : The consensus on Quantum Corporation (QTM) based on 3 analyst recommendation on the company stock is 1, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels.
Quantum Corporation (QTM) : Currently there are 3 street experts covering Quantum Corporation (QTM) stock. The most bullish and bearish price target for the stock is $2 and $1 respectively for the short term. The average price target of all the analysts comes to $1.33. The estimated standard deviation from the target is $0.29.
For the current week, the company shares have a recommendation consensus of Buy. Quantum Corporation (NYSE:QTM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.59 and $0.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.59, notching a gain of 0.34% for the day. The total traded volume was 483,757 . The stock had closed at $0.59 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP, StorNext Solutions) of Quantum Corp /De/, Stedman Geoff G., had purchased 10,000 shares in a transaction dated on November 19, 2015. The transaction was executed at $0.87 per share with total amount equaling $8,700.
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 Companys 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.