Quantum Corporation (QTM) Receives Analyst Rating

Quantum Corporation (QTM) : Zacks Investment Research ranks Quantum Corporation (QTM) as 1, which is a Strong Buy recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 3 research analysts is 1, which indicates as a Strong Buy.

Quantum Corporation (QTM) : Average target price received by Quantum Corporation (QTM) is $1.33 with an expected standard deviation of $0.29. The most aggressive target on the stock is $2, whereas the most downbeat target is $1. 3 financial analysts are currently covering the stock.


Quantum Corporation (NYSE:QTM): After opening at $0.69, the stock dipped to an intraday low of $0.6826 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $0.7202 and the buying power remained strong till the end. The stock closed at $0.7117 for the day, a gain of 2.26% for the day session. The total traded volume was 574,589. The stocks close on the previous trading day was $0.696.

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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