Zacks Rating on Quantum Corporation (QTM)

Quantum Corporation (QTM) : The consensus on Quantum Corporation (QTM) based on 3 analyst recommendation on the company stock is 1, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels.

Quantum Corporation (QTM) : 3 investment research analysts covering Quantum Corporation (QTM) have an average price target of $1.33 for the near short term. The highest target price given by the Brokerage Firm to the stock is $2 and the lowest target is $1 for the short term. Analysts expect the variance to be within $0.29 of the average price.


Shares of Quantum Corporation rose by 10.34% in the last five trading days and 16.36% for the last 4 weeks. Quantum Corporation is up 56.1% in the last 3-month period. Year-to-Date the stock performance stands at -31.18%. Quantum Corporation (NYSE:QTM): stock turned positive on Tuesday. Though the stock opened at $0.638, the bulls momentum made the stock top out at $0.64 level for the day. The stock recorded a low of $0.625 and closed the trading day at $0.64, in the green by 2.40%. The total traded volume for the day was 377,548. The stock had closed at $0.625 in the previous days trading.

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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