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Quantum Corp - QMCO STOCK NEWS

Welcome to our dedicated news page for Quantum (Ticker: QMCO), a resource for investors and traders seeking the latest updates and insights on Quantum.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Quantum's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Quantum's position in the market.

Rhea-AI Summary
Quantum (QMCO) introduces advanced file service technology for StorNext and Myriad, enhancing cross-platform file sharing capabilities. The integration with Tuxera's SMB technology promises high performance, stability, and advanced features like SMB Direct RDMA and SMB Multichannel.
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Rhea-AI Summary
Quantum introduces ActiveScale Z200 all-flash object storage to enhance AI pipelines and data workflows, providing high performance and cost efficiency for large-scale data management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.57%
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AI
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News
Rhea-AI Summary
Quantum (Nasdaq: QMCO) provides business updates, emphasizing efforts to comply with Nasdaq listing requirements by May 7, 2024. The company is working on improving financial flexibility through asset disposition proceeds and prioritizing projects for working capital enhancement and new product acceleration. Quantum is re-evaluating its application of ASC 606, causing delays in filing Form 10-Qs for fiscal quarters.
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-10.45%
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Quantum introduces Scalar i7 RAPTOR, a cutting-edge tape innovation to support AI workflows for hyperscale customers and enterprises. The product offers maximum storage density, security, and sustainability, catering to the growing need for cost-effective and secure archival storage solutions for data lakes and AI model training.
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-2.13%
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Rhea-AI Summary
Quantum Corporation (NASDAQ: QMCO) filed a Form 8-K detailing amendments to its term loan and revolving credit agreements. The amendments waived covenant requirements related to financial statements for the quarter ended December 31, 2023. Quantum has until May 15, 2024, to resume financial compliance. The company aims to reach a resolution on ASC 606 by March 31, 2024, and be current with SEC filings by May 7, 2024. Quantum is focusing on improving working capital, new product acceleration, and business focus.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.5%
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Rhea-AI Summary
Quantum Corporation (NASDAQ: QMCO) announced a delay in filing its Form 10-Q for the quarter ended December 31, 2023, due to re-evaluation of ASC Topic 606. The company aims to complete the assessment by March 31, 2024. Additionally, Quantum received a notice from Nasdaq for non-compliance with listing rules. Financial data shows a decrease in cash and equivalents, an increase in term loan debt, and interest expenses.
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Rhea-AI Sentiment
End-of-Day
-27.94%
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Rhea-AI Summary
Quantum Corporation (NASDAQ: QMCO) announces XENON Systems' purchase of Quantum Myriad™, an all-flash file and object storage software platform. XENON will offer Myriad to customers with data-intensive workloads, complementing Quantum ActiveScale™. Myriad's innovative architecture provides high-speed performance using flash technologies, inline data services, and cloud technologies. XENON plans to showcase Myriad at upcoming tradeshows to demonstrate its capabilities to prospective customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.08%
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AI
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Quantum Corporation (NASDAQ: QMCO) announced that Amidata, a leading managed services provider, has implemented Quantum ActiveScale™ object storage as the foundation for their new Amidata Secure Cloud Storage Service. By deploying ActiveScale, Amidata achieves simple operational efficiency, seamless scalability, and the ability to address customer needs across a wide range of use cases, workflows, and price points. The adoption of object storage aligns with current IT trends, providing a durable, cost-effective approach for backing up and archiving fast-growing data volumes while also protecting data from ransomware attacks. Quantum's tape libraries are integrated with ActiveScale Cold Storage, providing a lower cost storage class to efficiently store cold and archived data sets. With 7x24 support, no egress charges, and a flexible set of professional services, Amidata maximizes the benefits their customers achieve working with their cloud storage offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.32%
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Rhea-AI Summary
Quantum Corporation (Nasdaq: QMCO) has been granted an extension to file its Form 10-Q for the period ended September 30, 2023, on or before May 7, 2024, after its plan to regain compliance was approved by the Nasdaq Stock Market LLC. This announcement was made on January 27, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.89%
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Rhea-AI Summary
Quantum Corporation (QMCO) has submitted a plan to regain compliance with Nasdaq Listing Rules, expecting an extension of up to 180 days to file its quarterly reports. The delay is due to a re-evaluation of the Company's application of standalone selling price under Accounting Standards Codification Topic 606 ('Topic 606'). Quantum aims to complete the re-evaluation by March 31, 2024, and file the second fiscal quarter 10-Q by May 7, 2024. The delay will also affect the filing of the third fiscal quarter 10-Q.
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Rhea-AI Sentiment
End-of-Day
11.54%
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Quantum Corp

Nasdaq:QMCO

QMCO Rankings

QMCO Stock Data

51.40M
81.96M
13.61%
55.27%
0.26%
Computer Storage Device Manufacturing
Manufacturing
Link
US
San Jose

About QMCO

we're global experts in scale-out storage, archive and data protection. we have a different approach to storage, enabling customers to maximize business value by storing, sharing and preserving data over their entire lifecycle.