Welcome to our dedicated page for Quantum news (Ticker: QMCO), a resource for investors and traders seeking the latest updates and insights on Quantum stock.
Quantum Corporation (QMCO) provides innovative data management solutions for enterprises managing large-scale unstructured data. This news hub delivers official updates and analysis on Quantum's strategic initiatives, financial performance, and technological advancements.
Investors and industry professionals will find timely updates including earnings reports, product launches, strategic partnerships, and leadership developments. Our curated collection ensures access to verified information about Quantum's scale-out storage solutions, archive technologies, and data protection systems.
Bookmark this page for structured insights into Quantum's progress across media, healthcare, and research sectors. Check regularly for updates on software-defined storage innovations and enterprise data management trends directly affecting QMCO's market position.
Quantum Corp. (NASDAQ: QMCO) launched its new data management platform, All-Terrain File System (ATFS), on November 12, 2020. This innovative network-attached storage solution integrates real-time data classification for improved resource allocation and management in both local and cloud environments. ATFS addresses challenges such as ineffective data management and storage resource optimization, enhancing performance and reducing costs. It is available for order starting this December. The platform aims to streamline workflows in various sectors, including media, finance, and life sciences.
Quantum Corp. (NASDAQ: QMCO) announced the expansion of its solutions portfolio aimed at enhancing the management and protection of unstructured data. Key additions include the Quantum ATFS, a new file-based storage platform with integrated data classification; the latest version of Quantum StorNext® 7 File System, optimized for high-throughput workloads; and an expanded ActiveScale™ Object Storage offering. These solutions will be showcased during the upcoming VirtualQ I Transform events on November 17 and 19, reinforcing Quantum's commitment to delivering effective unstructured data solutions.
Quantum Corporation (NASDAQ: QMCO) reported a revenue of $85.8 million for Q2 FY2021, a 19% decline year-over-year. Despite this, the company exceeded its revenue guidance. Gross margin improved to 45.1%, with a net loss of $4.6 million or $(0.11) per diluted share. Adjusted EBITDA was $8.9 million, down from $12.7 million in the prior year. The company anticipates Q3 revenue between $93 million and $95 million, with an adjusted net loss forecast of $(1 million).
Quantum Corp. (NASDAQ: QMCO) announced that its StorNext® file system won the 2020 NAB Show Product of the Year Award in the Storage category, highlighting the company's focus on innovation in managing video data. This follows the release of StorNext 6.4, which enhances performance for cloud data management, essential for the media industry. Earlier this year, Quantum also received a Technology & Engineering Emmy® Award, reaffirming its role in advancing data management technologies.
Quantum Corporation (QMCO) will announce its financial results for the second fiscal quarter ending September 30, 2020 on October 28, 2020, post-market. The company will host a conference call at 4:30 p.m. ET to discuss the results, available via dial-in and webcast. Quantum provides technology and services for digital content management, catering to various sectors including entertainment and IoT. Recently, it was added to the Russell 2000® Index. For more information, visit www.quantum.com.
Quantum Corp. (NASDAQ: QMCO) announced that Noemi Greyzdorf, its director of product marketing, will participate in a panel discussion titled "Managing Unstructured Data to Unlock Enterprise Value" on October 20, 2020. This event highlights Quantum's leadership in managing unstructured data, complemented by the introduction of ActiveScale object storage software earlier this year. The panel will explore the significance of unstructured data in driving enterprise value, emphasizing the necessity for organizations to rethink data storage and analytics.
Quantum Corp. (NASDAQ: QMCO) announced the deployment of its storage solutions by Studio FAMU, enhancing their storage capabilities for high-resolution video projects. This includes the StorNext scale-out file storage and Scalar tape archive, enabling centralized management and long-term preservation of student projects. With an initial capacity of 2 PB, the solution allows easy remote access for students and faculty, seamlessly integrated with Media Asset Management systems. The implementation aids in safeguarding projects and teaching storage discipline, crucial during the pandemic.
Quantum Corp. (NASDAQ: QMCO) announced an expansion of its ActiveScale object storage solution by Genomics England, which now supports up to 100 PB of genomic data. This upgrade enhances their capability to analyze genomes, especially to assist in COVID-19 research. Genomics England has significantly reduced storage costs by 75% per genome and is projected to reduce costs by 96% by 2023. The storage solution provides high data durability and simplifies access for over 3,000 researchers, addressing the limitations of their previous NAS system.
Quantum Corp. (NASDAQ: QMCO) announced the availability of LTO Ultrium format generation 9 technology in its Scalar i6 and Scalar i6000 tape libraries, starting December 2020. The LTO-9 technology offers 18 TB of native capacity per cartridge, expandable to 45 TB with compression. This advancement aims to enhance data storage security and capacity for unstructured data management. Orders for LTO-9 will commence in September 2020, with broader availability expected in the first quarter of 2021. Quantum's integration of multi-factor authentication also enhances protection against ransomware.
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