Quantum Corporation (NYSE:QTM) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1 by 3 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys.
Quantum Corporation (NYSE:QTM) should head towards $1.33 per share according to 3 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $1 per share. The higher price estimate target is at $2 according to the Analysts.
Quantum Corporation (NYSE:QTM) witnessed a decline in the market cap on Tuesday as its shares dropped 0.59% or 0.0026 points. After the session commenced at $0.438, the stock reached the higher end at $0.4537 while it hit a low of $0.42. With the volume soaring to 930,208 shares, the last trade was called at $0.44. The company has a 52-week high of $1.9. The company has a market cap of $117 million and there are 266,278,130 shares in outstanding. The 52-week low of the share price is $0.35.
Quantum Corporation has dropped 2.22% in the last five trading days, however, the shares have posted positive gains of 10% in the last 4 weeks. Quantum Corporation has dropped 25.42% during the last 3-month period . Year-to-Date the stock performance stands at -52.69%.
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.