Quantum Corporation provides products for storing and managing digital video and unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers StorNext software systems that enable high-speed ingest, editing, processing, and management of digital video and image datasets; and Scalar tape systems that provide long-term data storage facility to archive and preserve digital content for decades. It also provides DXi backup systems for backup storage and multi-site disaster recovery; surveillance and physical security storage systems, including video recording servers, as well as hyperconverged storage systems for video surveillance management and recording; and appliances designed for video surveillance analytics and to run various types of access control systems. In addition, the company offers in-vehicle storage systems, which are removable storage systems for in-vehicle data capture, mobile surveillance, and military applications; managed services, implementation and training services, and support services; and object storage systems for online content repositories, such as media archives, genome sequencing data repositories, and big data lakes. Further, it sells linear tape-open (LTO) tape cartridges, as well as standalone LTO tape drives for small business and desktop use. The company sells its products through a network of distributors, value-added resellers, direct marketing resellers, original equipment manufacturers, and other suppliers, as well as directly to corporate entities and government agencies. Quantum Corporation was founded in 1980 and is headquartered in San Jose, California.
IPO Year:
Exchange: NASDAQ
Website: quantum.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/10/2022 | $4.00 | Buy → Neutral | B. Riley Securities |
| 2/10/2022 | Outperform → Perform | Oppenheimer |
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Quantum Corporation (NASDAQ:QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, today announced the Company's senior lenders recently exercised previously issued warrants to purchase shares of Quantum's common stock. These transactions had been incorrectly reported by certain news outlets as a disposition of shares. The Company wanted to clarify the nature of these transactions and also reiterate that the associated parties are currently restricted from selling Quantum's common stock as a result of Quantum's quarterly and financial results calendar. About Quantum Quantum delivers end-to-end data management solutions designed for the AI era. With over
Highly Parallel Direct Client Unlocks New Potential for AI/ML, HPC, and Life Sciences Customers Quantum Corporation (NASDAQ:QMCO) today announced development of a new highly parallel file system client for the Quantum Myriad® all-flash file system, designed to fully enable NVIDIA GPUDirect Storage® capability while offering on-the-fly client node deployments with cross platform compatibility, including NVIDIA Grace Hopper with Grace ARM-based architectures. This new capability offers an innovative approach to building artificial intelligence (AI)/machine learning (ML) infrastructure intended to let customers add powerful new graphics processing unit (GPU) nodes to Myriad clusters as neede
Innovative tape solution delivers up to 200% higher storage density and advanced serviceability, sustainability and security for cloud infrastructure and data lakes Quantum Corporation (NASDAQ:QMCO) today announced the availability of the Scalar® i7 RAPTOR, the latest advancement in tape storage technology tailored to support growing AI and cloud use cases. Originally announced in March of this year, the Scalar i7 RAPTOR is designed for hyperscale customers, managed service providers (MSPs), and large enterprises and is the densest, most scalable tape solution on the market. As organizations look to retain more data than ever for AI, analysis, and business insights, this new offering give
USA News Group News Commentary Issued on behalf of Scope Technologies Corp. VANCOUVER, BC, Dec. 2, 2024 /PRNewswire/ -- The threat of a cyberattack has never been higher, and it looks like it may be getting worse. According to an alarming new report from Amazon's Chief Information Security Officer, the retail and computing giant is experiencing nearly 1 billion cyber threats per day. As per the report, the claim is that cyber criminals have embraced Artificial Intelligence (AI), forcing enterprises to drastically scale up their threat-intelligence capabilities. But the biggest threat hasn't fully arrived yet, which cyber experts have dubbed "Q-Day", marking the turning point when cybercrimin
New DXi9200 hybrid backup appliance solution achieves new levels of efficiency in helping customers prepare, protect and quickly recover from cyberattacks Quantum Corporation (NASDAQ:QMCO), the pioneer in end-to-end data management solutions designed for the AI era, today announces the DXi9200, the latest generation of its highly successful, flagship DXi9000 Series hybrid (flash + dense disk) data protection appliances, designed for scalable, efficient backup and recovery services for large organizations. With the continuing threat of ransomware attacks, organizations need to take a comprehensive and proactive approach to secure their data and data copies, continuously validate recovery o
Quantum Corporation (NASDAQ:QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, announced today financial results for its fiscal second quarter 2025 ended September 30, 2024. Fiscal Second Quarter 2025 Financial Summary Revenue was $70.5 million GAAP gross profit was $29.3 million, or 41.5% of revenue GAAP net loss was $13.5 million, or ($2.82) per share Subscription ARR was up 28% year-over-year at $19.6 million Adjusted non-GAAP net loss was $8.7 million, or ($1.82) per share Adjusted EBITDA was approximately breakeven "Sales bookings and customer win rates for the quarter were consistent with our overall business expectations as
Quantum® Corporation (NASDAQ:QMCO) ("Quantum" or the "Company"), the pioneer in end-to-end data management solutions designed for the AI era, today announced it will release financial results for its fiscal second quarter 2025 on Wednesday, November 13, 2024, after the markets close. Jamie Lerner, Chairman and Chief Executive Officer, and Kenneth Gianella, Chief Financial Officer and Chief Operating Officer, will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss the Company's financial results. Analysts and investors are invited to join the conference call using the following information: Date: Wednesday, November 13, 2024 Time: 5:00 p.m. ET (2:00 p.m.
ActiveScale 7.0 and ActiveScale Cold Storage Achieve Veeam Ready Qualification Quantum Corporation (NASDAQ:QMCO), the pioneer in end-to-end data management solutions designed for the AI era, today announced its ActiveScale® object storage software has extended its Veeam® Ready qualifications. Veeam® Software is the #1 leader by market share in Data Resilience. Quantum's new Veeam Ready qualifications now include the new ActiveScale 7.0 software that includes support for all-flash solutions for fast ransomware recovery and ActiveScale Cold Storage support of Veeam Archive Tier for low-cost, air-gapped retention of Veeam backups. These Veeam Ready solutions provide organizations unprecedente
Channel program enhancements and awards demonstrate continued channel leadership and commitment Quantum Corporation (NASDAQ:QMCO), the pioneer in end-to-end data management solutions designed for the AI era, demonstrates its commitment to the channel through a series of program enhancements and industry recognition. Quantum recently rolled out a new global partner portal with enhanced features to make it easier and more lucrative for partners to sell Quantum's comprehensive data management solutions for AI and unstructured data. Additionally, Quantum's channel leader, Guillaume Crapart, was named a CRN Channel Chief, the Quantum Alliance Program received a CRN 5-Star Program designation fo
Quantum Corporation (NASDAQ:QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, announced it will implement a 1-for-20 reverse stock split of its issued and outstanding shares of common stock. The reverse stock split is intended to increase the per share trading price of its common stock to satisfy the continued listing standards of The Nasdaq Stock Market ("Nasdaq"). The reverse stock split will not affect any stockholder's percentage ownership interest in the Company (other than as a result of the treatment of fractional shares). At the effective time, every 20 issued shares of common stock will be converted into one share of common stock. To the exte
Quantum Corporation (NASDAQ:QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, announced today financial results for its fiscal second quarter 2025 ended September 30, 2024. Fiscal Second Quarter 2025 Financial Summary Revenue was $70.5 million GAAP gross profit was $29.3 million, or 41.5% of revenue GAAP net loss was $13.5 million, or ($2.82) per share Subscription ARR was up 28% year-over-year at $19.6 million Adjusted non-GAAP net loss was $8.7 million, or ($1.82) per share Adjusted EBITDA was approximately breakeven "Sales bookings and customer win rates for the quarter were consistent with our overall business expectations as
Quantum® Corporation (NASDAQ:QMCO) ("Quantum" or the "Company"), the pioneer in end-to-end data management solutions designed for the AI era, today announced it will release financial results for its fiscal second quarter 2025 on Wednesday, November 13, 2024, after the markets close. Jamie Lerner, Chairman and Chief Executive Officer, and Kenneth Gianella, Chief Financial Officer and Chief Operating Officer, will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss the Company's financial results. Analysts and investors are invited to join the conference call using the following information: Date: Wednesday, November 13, 2024 Time: 5:00 p.m. ET (2:00 p.m.
Quantum Corporation (NASDAQ:QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, announced today financial results for its fiscal first quarter 2025 ended June 30, 2024. Fiscal First Quarter 2025 Financial Summary Revenue was $71.3 million GAAP gross profit was $26.1 million, or 36.6% of revenue GAAP net loss was $20.8 million, or ($0.22) per share Subscription ARR was up 29% year-over-year at $18.8 million Adjusted non-GAAP net loss was $8.4 million, or ($0.09) per share Adjusted EBITDA was ($3.1) million "Results for the quarter were largely in-line with our expectations, reflecting further rotation of our business toward our long-
Quantum® Corporation (NASDAQ:QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, announced today it will release financial results for its fiscal first quarter 2025 on Tuesday, August 13, 2024, after the markets close. Jamie Lerner, Chairman and CEO, and Kenneth Gianella, Chief Financial Officer, will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss the Company's financial results. Analysts and investors are invited to join the conference call using the following information: Date: Tuesday, August 13, 2024 Time: 5:00 p.m. ET (2:00 p.m. PT) Conference Call Number: 1-866-424-3436 International Call Number: +1-201-68
Quantum Corporation (NASDAQ:QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, announced today financial results for its fiscal full year 2024 ended March 31, 2024. Fiscal 2024 Financial Summary Revenue was $311.6 million GAAP gross profit was $124.9 million, or 40% of revenue GAAP net loss was $41.3 million, or ($0.43) per share Annual recurring revenue was $145 million Subscription ARR was up 33% year-over-year at $17.8 million Adjusted non-GAAP net loss was $27.5 million, or ($0.29) per share Adjusted EBITDA was ($5.3) million "Following the recent completion of our financial re-evaluation process, we are pleased to be back d
Quantum® Corporation (NASDAQ:QMCO) ("Quantum" or the "Company"), the pioneer in end-to-end data management solutions designed for the AI era, announced today it will release financial results for its fiscal year 2024 on Monday, June 17, 2024, after the markets close. Jamie Lerner, Chairman and CEO, and Kenneth Gianella, Chief Financial Officer, will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss the Company's fiscal 2024 financial results, including the results of its ASC-606 re-evaluation process, as well as provide a general business update. Analysts and investors are invited to join the conference call using the following information: Date: Mon
Quantum Corporation (NASDAQ:QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, announced today it will release financial results for its full year fiscal 2024 ended March 31, 2024 on Monday, June 17, 2024 after markets close. Jamie Lerner, Chairman and CEO, and Kenneth Gianella, Chief Financial Officer, will host a conference call on the same day. Conference call information will follow in the coming days. The timing of the filing and conference call is in conjunction with the Company's conclusion of its review of previously announced accounting matters. Update on Accounting Matters The Company also announced that it has completed its analysis of the
Announces Postponement of Second QuarterEarnings Release and Conference Call SAN JOSE, Calif., Nov. 13, 2023 /PRNewswire/ -- Quantum Corporation (NASDAQ:QMCO) ("Quantum or the "Company") announced today that it has filed a Form 12b-25 Notification of Late Filing because it is unable to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 (the "Form 10-Q") by November 9, 2023, the original due date for such filing. As a result, Quantum is postponing its fiscal 2024 second quarter earnings announcement and conference call, which are typically held in the second week of November.
SAN JOSE, Calif., Aug. 8, 2023 /PRNewswire/ -- Quantum Corporation (NASDAQ:QMCO) announced today financial results for its fiscal first quarter ended June 30, 2023. First Quarter Fiscal 2024 Financial Summary Revenue was $91.8 million, a decrease of 5% year-over-yearGAAP gross margin was 38.1%, and non-GAAP gross margin expanded to 38.3%Subscription ARR was up 78% year-over-year at $14.6 millionGAAP net loss was $10.6 million, or ($0.11) per shareNon-GAAP adjusted net loss was $4.8 million, or ($0.05) per shareAdjusted EBITDA increased to $0.8 millionCommenting on the results,
SAN JOSE, Calif., July 25, 2023 /PRNewswire/ -- Quantum Corporation (NASDAQ:QMCO) announced today it will release financial results for its fiscal first quarter 2024 on Tuesday, August 8, 2023, before the market open. Jamie Lerner, Chairman and CEO, and Kenneth Gianella, Chief Financial Officer, will host a conference call at 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time) to discuss the financial results. Analysts and investors are invited to join the conference call using the following information: Date: Tuesday, August 8, 2023Time: 9:00 a.m. ET (6:00 a.m. PT)Conference Call
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Quantum Corporation (NASDAQ:QMCO), a leader in solutions for AI and unstructured data, provided additional updates on its business. Fiscal Fourth Quarter 2024 Liquidity Update Quantum's unaudited cash and long-term debt balances as of March 31, 2024, are provided below: Cash and cash equivalents were $26.1 million. Outstanding term loan debt was $87.9 million, Outstanding borrowings under the revolving credit facility was $26.6 million, Total interest expense for the three-month period ended March 31, 2024, was $4.1 million. Quantum has not completed preparation of its financial statements for the fourth quarter and full fiscal year ended March 31, 2024. The unaudited fin
TEL AVIV, Israel, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Radware® (NASDAQ:RDWR), a leading provider of cyber security and application delivery solutions, today announced that it has appointed Mr. Alex Pinchev to serve as an independent director of Radware's Board of Directors. Mr. Pinchev will serve as a member of the Board until the company's next annual meeting of shareholders when his appointment will be up to a shareholder vote. "Mr. Pinchev brings a wealth of experience to Radware's board," said Yuval Cohen, chairman of Radware's Board of Directors. "His proven track record in managing successful global businesses brings a valuable perspective to Radware's strategy as we remain focused
Provides Preliminary Third Quarter Fiscal 2023 Revenue Above High-end of Guidance SAN JOSE, Calif., Jan. 10, 2023 /PRNewswire/ -- Quantum Corporation (NASDAQ:QMCO), a leader in providing technology solutions for organizations to more effectively manage video and other unstructured data, announced the appointment of Kenneth Gianella as its Chief Financial Officer effective January 12, 2023. Ken succeeds Mike Dodson, who will remain with the Company to assist in the transition in an advisory role until August 2023. "I'm very pleased to add Ken to our executive team. His deep
Directors to contribute extensive expertise in end-to-end data management solutions SAN JOSE, Calif., Sept. 26, 2022 /PRNewswire/ -- Quantum Corporation (NASDAQ:QMCO) (Quantum or the Company) announced today the appointment of Don Jaworski and Hugues Meyrath to the Board of Directors, effective November 9, 2022. "As a fundamental part of executing on our strategic vision and generating value for shareholders, we are committed to maintaining an engaged board comprised of individuals with a deep understanding of the market trends and expanding opportunities for Quantum's solutio
Neumeyer's extensive corporate finance and governance experience will bring unique shareholder perspective to the Board SAN JOSE, Calif., Aug. 22, 2022 /PRNewswire/ -- Quantum Corporation (NASDAQ:QMCO) (Quantum or the Company) announced today that Mr. Christopher D. Neumeyer has joined its Board of Directors. Mr. Neumeyer joins Quantum's Board as the Company increases its focus on executing strategic initiatives designed to accelerate EBITDA growth. His addition to the Board underscores Quantum's commitment to deliver improved financial performance and shareholder value. Mr. N
SAN JOSE, Calif., Sept. 29, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ:QMCO) today announced that Emily White has joined the company's Board of Directors. White's extensive experience in data science and analytics will be instrumental in Quantum's mission to help organizations manage and enrich their data in order to drive their businesses forward. White joins Quantum's board as the company expands its solutions portfolio to securely orchestrate data as it moves through its lifecycle and across multiple storage platforms from the edge, to on-premises locations, to the c
SAN JOSE, Calif., Aug. 11, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced the appointment of John Hurley as Chief Revenue Officer. Hurley is an accomplished sales leader with more than 25 years of experience selling to and growing some of the world's largest enterprise accounts and building high-performing teams. His experience will be instrumental in driving Quantum's global expansion and the company's evolution from hardware appliance vendor to subscription-based software and as-a-Service provider of comprehensive video and data management and analysis solutions.
SAN JOSE, Calif., June 28, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced software veteran Ross Fujii will advance the company's transformation and growth strategy by stepping into a new role as General Manager of Emerging Markets and Product Marketing. Fujii's extensive experience in data management and analytics and creating and implementing modern software distribution models for Fortune 500 companies will further enable Quantum's business shift – from a hardware appliance vendor to a subscription and as-a-Service company that provides comprehensive data management and analysis solutions. Fujii will focus on growing Quantum's reach into emerging markets, primarily
SAN JOSE, Calif., April 19, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ:QMCO) announced today that Brian Cabrera has joined the company's executive leadership team as General Counsel and Chief Compliance Officer. Cabrera has extensive experience in the legal and regulatory field, both as a senior tech industry executive at NVIDIA and multiple software companies, and as a former Assistant United States Attorney (AUSA) in the Criminal Division of the Northern California federal prosecutor's office. "Brian's extensive legal experience in the software and technolog
SAN JOSE, Calif., Dec. 15, 2020 /PRNewswire/ -- Quantum Corp. (NASDAQ: QMCO) today announced the expansion of its Executive Leadership Team with the appointment of Brian Pawlowski as Chief Development Officer, alongside two senior executives to accelerate Quantum's software-defined infrastructure and international growth. A technology industry legend with more than 35 years of technical development and leadership experience, Pawlowski will drive excellence in software innovation as Quantum advances on its goal to be the leader in video and unstructured data solutions. "Quantum's transformation requires solving our customers' most pressing business problems and delivering hybrid multi-clou
B. Riley Securities downgraded Quantum from Buy to Neutral and set a new price target of $4.00
Oppenheimer downgraded Quantum from Outperform to Perform
Northland Securities initiated coverage of Quantum with a rating of Outperform and set a new price target of $12.00
Oppenheimer initiated coverage of Quantum with a rating of Outperform and set a new price target of $11.00
Northland Capital Markets initiated coverage of Quantum with a rating of Outperform and set a new price target of $12.00
Northland Securities initiated coverage of Quantum with a rating of Outperform
Oppenheimer initiated coverage of Quantum with a rating of Outperform and set a new price target of $11.00
Oppenheimer initiated coverage of Quantum with a rating of Outperform
B. Riley resumed coverage of Quantum with a rating of Buy and set a new price target of $15.00 from $10.00 previously