Short Term Rating on Quantum Corporation (QTM)

Quantum Corporation (QTM) has an average broker rating of 1, which is interpreted as a Strong Buy, as rated by 3 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Quantum Corporation (QTM) : 3 Wall Street analysts covering Quantum Corporation (QTM) believe that the average level the stock could reach for the short term is $1.33. The maximum price target given is $2 and the minimum target for short term is around $1, hence the standard deviation is calculated at $0.29.

For the current week, the company shares have a recommendation consensus of Buy.


Quantum Corporation (NYSE:QTM): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.45 and $0.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.46, notching a gain of 2.40% for the day. The total traded volume was 1,018,522 . The stock had closed at $0.45 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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