Analyst Price Target Update on Quantum Corporation (NYSE:QTM)

Quantum Corporation (NYSE:QTM): 3 Analyst have given the stock of Quantum Corporation (NYSE:QTM) a near short term price target of $1.33. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $0.29. The higher price target estimate is at $2 while the lower price estimates are fixed at $1.

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

On the companys insider trading activities, Stedman Geoff G., officer (SVP, StorNext Solutions) of Quantum Corp /De/, executed a transaction worth $8,700 on November 19, 2015. A total of 10,000 shares were purchased at an average price of $0.87. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Quantum Corporation (NYSE:QTM) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.0068 points or 1.51% at $0.4441 with 1,092,510 shares getting traded. Post opening the session at $0.45, the shares hit an intraday low of $0.4228 and an intraday high of $0.456 and the price was in this range throughout the day. The company has a market cap of $118 million and the number of outstanding shares have been calculated to be 266,278,130 shares. The 52-week high of Quantum Corporation (NYSE:QTM) is $1.9 and the 52-week low is $0.35.

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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