Northland Capital Markets initiated coverage on Quantum with a new price target
$QMCO
Electronic Components
Technology
Northland Capital Markets initiated coverage of Quantum with a rating of Outperform and set a new price target of $12.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/10/2022 | $4.00 | Buy → Neutral | B. Riley Securities |
| 2/10/2022 | Outperform → Perform | Oppenheimer |
Quantum Corporation (NASDAQ:QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, today announced select preliminary financial results for its fiscal fourth quarter of 2025 ended March 31, 2025. Based on preliminary unaudited financials, the Company expects its reported results for fiscal fourth quarter of 2025 to reflect the following: Revenue of $65 - $67 million, in line with guidance of $66 million, plus or minus $2.0 million Gross margin of approximately 44%, plus or minus 1% GAAP net loss of approximately $3.5 million, plus or minus $1.0 million Quantum will release its full results for the fiscal fourth quarter and full fiscal year ended Mar
Ken Gianella brings 25+ years of financial experience in the technology sector to Ouster's Executive Team Ouster, Inc. (NASDAQ:OUST) ("Ouster" or the "Company"), a leading global provider of high-performance lidar sensors and software solutions for the automotive, industrial, robotics, and smart infrastructure industries, announced today the appointment of Kenneth Gianella as Chief Financial Officer, effective May 19, 2025. Ken will succeed interim CFO Chen Geng, who will continue at the Company as Senior Vice President, Strategic Finance & Treasurer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250429226707/en/Ouster CFO Ken
Equipping Partners to Lead in a World Where Every Byte of Data Matters and Forever Archives Are Essential Quantum Corporation (NASDAQ:QMCO) today announced updates to its Quantum Alliance Partner Program, delivering new tools, training, and incentives designed to help partners grow their pipeline, accelerate deals, and capture new opportunities. Building on its recognition as a 2025 CRN 5-Star Partner Program, Quantum continues to invest in partner success, empowering the channel to lead in a world where AI, analytics, and innovation demand smarter, more scalable data strategies. In today's AI-driven world, enterprises must save every byte of data to fuel future model training, deeper ana
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Issued on behalf of Scope Technologies Corp.USA News Group News Commentary VANCOUVER, BC, March 13, 2025 /PRNewswire/ -- We are marching towards a quantum computing reality faster than ever. In the latest groundbreaking achievement, scientists just unveiled Aurora, a quantum computer that operates at room temperature—one of the biggest leaps so far toward scalable quantum computing. But with great leaps, come even greater vulnerabilities, with what security experts have dubbed as "q-day", the day when quantum computing power gets into the hands of bad actors. Europol (a multinational EU security organization) already urgently imploring financial institutions and policymakers to prioritize th
Execution on Business Transformation Drives Significant Year-Over-Year Improvements Takes Initial Step on Path Toward Becoming Debt-Free Quantum Corporation (NASDAQ:QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, announced today financial results for its fiscal third quarter 2025 ended December 31, 2024. Fiscal Third Quarter 2025 Financial Summary Revenue increased to $72.6 million Subscription ARR was up 29% year-over-year at $21.3 million GAAP gross profit increased to $31.8 million, or gross margin of 43.8% GAAP net loss was $71.4 million, or ($14.56) per share, which included a non-cash adjustment of $61.6 million to the fair mar
Quantum® Corporation (NASDAQ:QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, today announced it will release financial results for its fiscal third quarter 2025 on Wednesday, February 12, 2025, 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, February 12, 2025 Time: 5:00 p.m. ET (2:00 p.m. PT) Conference Call Num
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Ken Gianella brings 25+ years of financial experience in the technology sector to Ouster's Executive Team Ouster, Inc. (NASDAQ:OUST) ("Ouster" or the "Company"), a leading global provider of high-performance lidar sensors and software solutions for the automotive, industrial, robotics, and smart infrastructure industries, announced today the appointment of Kenneth Gianella as Chief Financial Officer, effective May 19, 2025. Ken will succeed interim CFO Chen Geng, who will continue at the Company as Senior Vice President, Strategic Finance & Treasurer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250429226707/en/Ouster CFO Ken
Signals Next Step in Transforming Go-to-Market Growth Initiatives in Data Management for the AI Era Appoints John Fichthorn to the Board and Lewis Moorehead as Chief Financial Officer Quantum Corporation (NASDAQ:QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, today announced several strategic developments to provide financial and operational flexibility, facilitate growth initiatives, and better serve the evolving data needs of today's AI-driven organizations. Dialectic Capital Management, an investment management firm, has purchased all of Quantum's $51 million of outstanding term debt previously held by Blue Torch Capital. With this transfer, John
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
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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