Zacks Upgrades Quantum Corp. to Outperform (QTM)

Share on StockTwits

Quantum Corp. (NYSE:QTM) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Tuesday, American Banking & Market News reports. The firm currently has a $1.40 target price on the stock. Zacks‘ price target would suggest a potential upside of 17.65% from the stock’s previous close.

Quantum Corp. (NYSE:QTM) traded up 1.68% on Tuesday, hitting $1.21. 551,782 shares of the company’s stock traded hands. Quantum Corp. has a 52 week low of $1.10 and a 52 week high of $1.75. The stock’s 50-day moving average is $1.25 and its 200-day moving average is $1.37. The company’s market cap is $300.2 million.

Quantum Corp. (NYSE:QTM) last announced its earnings results on Wednesday, January 29th. The company reported $0.02 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.02. The company had revenue of $145.90 million for the quarter, compared to the consensus estimate of $143.30 million. During the same quarter last year, the company posted $0.02 earnings per share. Quantum Corp.’s revenue was down 8.4% compared to the same quarter last year. On average, analysts predict that Quantum Corp. will post $0.06 earnings per share for the current fiscal year.

Separately, analysts at Craig Hallum upgraded shares of Quantum Corp. from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, January 14th.

Quantum Corporation (NYSE:QTM) provides data protection and big data management.

To view Zacks’ full report, visit www.zacks.com

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.

Latest News

Drax Group Plc Stock Rating Reaffirmed by RBC Capital
Drax Group Plc Stock Rating Reaffirmed by RBC Capital
Debenhams Plc Rating Reiterated by Societe Generale
Debenhams Plc Rating Reiterated by Societe Generale
SABMiller plc Given “Neutral” Rating at UBS AG
SABMiller plc Given “Neutral” Rating at UBS AG
BHP Billiton plc Rating Reiterated by Investec
BHP Billiton plc Rating Reiterated by Investec
Trifast Plc Given Positive Rating by Edison Group Analysts
Trifast Plc Given Positive Rating by Edison Group Analysts
GKN plc Stock Rating Reaffirmed by JPMorgan Chase & Co.
GKN plc Stock Rating Reaffirmed by JPMorgan Chase & Co.


Leave a Reply

 
© 2006-2014 Mideast Time. Subscribe