Quantum Corporation (QTM) : Analyst Rating Update

Quantum Corporation (QTM) : 3 analysts are covering Quantum Corporation (QTM) and their average rating on the stock is 1, which is read as a Strong Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels.

Quantum Corporation (QTM) : The highest short term price target forecast on Quantum Corporation (QTM) is $2 and the lowest target price is $1. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $1.33 with a standard deviation of $0.29.

Quantum Corporation (NYSE:QTM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.40 and $0.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.40, notching a gain of 3.31% for the day. The total traded volume was 658,683 . The stock had closed at $0.39 on the previous day.

The company shares have dropped -75.93% from its 1 Year high price. On Jul 15, 2015, the shares registered one year high at $1.72 and the one year low was seen on May 4, 2016. The 50-Day Moving Average price is $0.42 and the 200 Day Moving Average price is recorded at $0.54.

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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