Headlines about Quantum (NYSE:QTM) have trended somewhat positive on Thursday, according to Accern. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Quantum earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 44.625879523299 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have effected Accern’s rankings:
- Quantum Corp. (QTM) Announces Patrick Dennis as New CEO (streetinsider.com)
- Quantum Announces Fiscal Third Quarter 2018 Results Conference Call (finance.yahoo.com)
- Quantum (QTM) Scheduled to Post Quarterly Earnings on Tuesday (americanbankingnews.com)
- Higher Logic Wins 2017 Best Places to Work and Best in Biz Awards (prweb.com)
Separately, Zacks Investment Research cut shares of Quantum from a “hold” rating to a “strong sell” rating in a report on Thursday, December 7th.
Shares of Quantum (NYSE QTM) opened at $6.07 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.78 and a debt-to-equity ratio of -0.57. The stock has a market cap of $210.47, a price-to-earnings ratio of -25.29, a price-to-earnings-growth ratio of 3.79 and a beta of 2.17. Quantum has a fifty-two week low of $4.11 and a fifty-two week high of $9.20.
Quantum (NYSE:QTM) last posted its earnings results on Thursday, November 9th. The technology company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.13). Quantum had a negative return on equity of 7.26% and a negative net margin of 1.77%. The business had revenue of $107.10 million during the quarter, compared to the consensus estimate of $122.20 million. During the same quarter last year, the firm earned $0.02 earnings per share. The business’s quarterly revenue was down 20.5% on a year-over-year basis. equities research analysts predict that Quantum will post 0.08 earnings per share for the current year.
Quantum Corporation focuses on scale-out storage, archive and data protection, providing solutions for capturing, sharing, managing and preserving digital assets over the entire data lifecycle. The Company’s end-to-end tiered storage solutions enable users to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity.
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