Analyst Rating Update on Quantum Corporation (QTM)

Quantum Corporation (NYSE: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 (NYSE:QTM) : 3 Wall Street analysts covering Quantum Corporation (NYSE: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): stock turned positive on Tuesday. Though the stock opened at $0.398, the bulls momentum made the stock top out at $0.45 level for the day. The stock recorded a low of $0.3814 and closed the trading day at $0.3889, in the green by 5.11%. The total traded volume for the day was 1,325,928. The stock had closed at $0.37 in the previous days trading.

In an insider trading activity, 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 (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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.