Quantum Corporation (QTM) Receives Price Target

Quantum Corporation (QTM) : The highest level Quantum Corporation (QTM) is projected to reach is $2 for the short term and the lowest estimate is at $1. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $1.33 and the possibility the share price can swing is $0.29.

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 (NYSE:QTM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.62 and $0.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.65, notching a gain of 1.06% for the day. The total traded volume was 514,627 . The stock had closed at $0.64 on the previous day.

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.

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