Quantum (NASDAQ:QMCO) Announces Q3 2027 Earnings Guidance

Quantum (NASDAQ:QMCO) issued an update on its third quarter 2027 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.100-0.300 for the period, compared to the consensus earnings per share estimate of 0.110. The company issued revenue guidance of $89.0 million-$93.0 million, compared to the consensus revenue estimate of $85.5 million.

Analyst Upgrades and Downgrades

QMCO has been the subject of a number of recent research reports. Cantor Fitzgerald began coverage on shares of Quantum in a research note on Friday, October 23rd. They issued an “overweight” rating and a $29.00 price objective for the company. Litchfield Hills Research assumed coverage on shares of Quantum in a research report on Monday, August 10th. They set a “buy” rating on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum in a report on Monday, September 21st. Wall Street Zen raised shares of Quantum from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Lake Street Capital set a $29.00 price target on Quantum and gave the stock a “buy” rating in a research report on Monday, September 14th. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.33.

Quantum Trading Up 17.4%

Shares of NASDAQ QMCO traded up $2.52 during trading hours on Monday, hitting $16.99. 2,572,530 shares of the company traded hands, compared to its average volume of 1,130,449. The stock has a market capitalization of $669.58 million, a price-to-earnings ratio of -1.28 and a beta of 3.23. The company’s 50 day moving average price is $24.06 and its 200 day moving average price is $13.29. Quantum has a 12 month low of $4.19 and a 12 month high of $35.65.

Quantum (NASDAQ:QMCO) last released its quarterly earnings results on Monday, November 9th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.12. The company had revenue of $89.63 million for the quarter, compared to analysts’ expectations of $82.30 million. Quantum has set its Q3 2027 guidance at 0.100-0.300 EPS. Equities analysts anticipate that Quantum will post 0.31 EPS for the current year.

Quantum Company Profile

Quantum Corporation (NASDAQ: QMCO) provides data storage, management and protection solutions for organizations that generate and retain large volumes of unstructured data. Its offerings are designed to help customers store, protect, archive and access information across on-premises, cloud and hybrid environments.

The company’s product portfolio has included Scalar tape libraries and LTO tape storage products, DXi deduplication and backup appliances, and software-defined storage solutions such as ActiveScale object storage.