Quantum Stock Price, News & Analysis

Quantum Corporation (QMCO) announced significant leadership changes and provided updates on its capital structure transformation. Hugues Meyrath, a storage industry veteran with over 30 years of experience, has been appointed as the new CEO effective June 2, 2025, replacing Jamie Lerner who served since July 2018. Donald J. Jaworski, previously Lead Independent Director, has been named Chairman of the Board, separating the CEO and Board Chair roles to strengthen corporate governance. Chief Administrative Officer Brian E. Cabrera is also departing. The company has raised approximately $60 million through its standby equity purchase agreement and is working with lenders to restructure outstanding debt. Quantum maintains its previously announced preliminary financial results for Q4 FY2025.

Quantum Corporation (NASDAQ: QMCO) has announced support for LTO-10 tape drives in its Scalar tape libraries, offering unprecedented storage capacity of 30 TB per cartridge (up to 75 TB compressed). The integration includes Scalar i7 RAPTOR, Scalar i6, and Scalar i6000 systems. The new Scalar i7 RAPTOR delivers industry-leading storage density of up to 60 PB in a single rack, providing 70% lower operational costs through reduced floor space, power, and cooling requirements. The LTO-10 drives feature 32 Gb Fibre Channel and 12 Gb SAS interfaces, delivering speeds up to 400 MB/s per drive. This advancement strengthens Quantum's position in providing high-density, secure, and cost-effective archival storage solutions, particularly beneficial for AI, compliance, and long-term data growth applications.

Quantum Corporation (NASDAQ: QMCO) has unveiled a restructured Professional Services portfolio to provide enhanced flexibility and support across the data lifecycle. The new portfolio features three core offerings: Value Packages (subscription-based bundles offering up to 40% cost savings), Deployment Services (expert-led installations), and On-Demand Services (flexible support for optimization). The Value Packages combine firmware/software updates, training, and expert guidance in tiered, all-inclusive subscriptions. Deployment Services focus on accelerating time-to-value through certified expert implementation, while On-Demand Services provide flexible assistance for system health checks, performance tuning, workflow integration, and data migration. The services support integration with third-party technologies and include software development capabilities for workflow systems, custom scripting, and cloud integration.

Quantum Corporation (NASDAQ: QMCO) announced that Chilean broadcaster Canal 13 has implemented an integrated content storage and management solution using Quantum's Myriad® with ActiveScale®. The deployment includes Myriad all-flash NAS for high-performance production storage and ActiveScale object storage for scalable content archiving.

The solution addresses Canal 13's needs for consolidated storage environments, simplified management, and cost reduction. Key benefits include accelerated content turnaround, simplified storage management, future-ready flexibility, lower total cost of ownership, and built-in disaster resilience. Canal 13 deployed the solution through Quantum GO™ subscription model, enabling an OpEx-based payment structure.

Quantum Corporation (NASDAQ: QMCO) has released preliminary financial results for Q4 FY2025. The AI and unstructured data solutions provider expects revenue between $65-67 million, aligning with their previous guidance of $66 million (±$2.0 million). The company anticipates a gross margin of approximately 44% (±1%) and projects a GAAP net loss of around $3.5 million (±$1.0 million). The complete fiscal fourth quarter and full-year 2025 results will be disclosed in mid-June 2025.

Ouster (Nasdaq: OUST), a leading provider of high-performance lidar sensors and software solutions, has appointed Kenneth Gianella as Chief Financial Officer, effective May 19, 2025. Gianella brings over 25 years of technology and communications industry experience to the role.

The new CFO previously served as CFO and COO at Quantum Corporation and held senior positions at Itron, including VP of Investor Relations and VP of Finance and Treasury. He holds an MBA from the University of Pittsburgh and a BS in Business Administration from Duquesne University.

Gianella will succeed interim CFO Chen Geng, who will continue as Senior Vice President, Strategic Finance & Treasurer. The appointment aligns with Ouster's mission to build safer and more sustainable solutions across automotive, industrial, robotics, and smart infrastructure sectors through affordable, high-performance sensors.

Quantum Corporation (NASDAQ: QMCO) has announced significant updates to its Quantum Alliance Partner Program, following its recognition as a 2025 CRN 5-Star Partner Program. The enhanced program introduces new tools, training, and incentives to help partners expand their business opportunities.

Key program enhancements include:

• New incentives through Prospect+ and Connect+ programs for customer acquisition
• Expanded on-demand training library for sales and technical expertise
• New Amplify loyalty program rewarding partner engagement

The company focuses on helping enterprises manage data across its lifecycle, from high-performance storage to backup protection and forever archives. This approach is particularly relevant for industries like financial services, manufacturing, government, research, and healthcare, where long-term data preservation is crucial for AI and analytics applications.

Guillaume Crapart, VP of Global Channel Programs, leads these initiatives, having been named a 2025 CRN Channel Chief. The company has also earned recognition on CRN's Storage 100, Data Center 50, and Cloud 100 lists.

Quantum (QMCO) announced strategic developments aimed at enhancing financial and operational flexibility. Dialectic Capital Management has acquired Quantum's entire outstanding term debt of $51 million previously held by Blue Torch Capital.

As part of these changes, Dialectic's Co-Founder and Managing Partner John Fichthorn will rejoin Quantum's Board of Directors. Additionally, Lewis Moorehead has been appointed as Chief Financial Officer, effective April 4, 2025, succeeding Ken Gianella. Moorehead has been with Quantum since 2018, serving as Chief Accounting Officer.

The company also announced board changes, with Todd Arden resigning and Chris Neumeyer from PIMCO taking a non-voting observer role. These strategic moves are designed to support Quantum's transformation in data management for the AI era.

Quantum (NASDAQ: QMCO) has unveiled Quantum GO Refresh for DXi T-Series, a subscription-based program offering flexible payment options and hardware refreshes for data protection and cyber resilience solutions. The program introduces a turnkey subscription model with quarterly or annual payments for DXi all-flash backup appliances.

The new offering includes hardware, software, and support, featuring automatic hardware refreshes as solutions age. Key benefits include:

• Forever-ready platform with continuous software upgrades and hardware refreshes
• Pay-as-you-grow model with flexible payment terms
• Up to 70x more data storage through deduplication technology
• On-premises solution with no access or egress fees
• Veeam Ready/Veeam Integrated compatibility

Agreement terms range from 3 to 5 years, available through Quantum's worldwide reseller network, with plans to extend to other Quantum solutions later this year.