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 reports developments in data management systems and software for unstructured data used in AI, media, government, research, life sciences, and industrial technology workflows. Its news commonly covers high-performance ingest, object storage, cold storage, tape libraries, data lakes, media asset management, and workflow orchestration across products such as ActiveScale, CatDV, Scalar, and StorNext.
Company updates also address customer deployments, technology integrations, partner certifications, archive and cyber-resilience use cases, quarterly financial results, operating efficiency initiatives, investor conference participation, and executive or finance organization changes.
Quantum Corp. (NASDAQ: QMCO) announced that its ActiveScale object storage platform now complies with Amazon S3's new strong consistency requirements. This update allows customers to ensure immediate data accessibility and integrity, a vital feature for applications demanding real-time data accuracy. ActiveScale's architecture is designed for high resiliency and durability, addressing massive unstructured data growth. The platform's enhancements focus on data security, capacity, efficiency, and performance, thus empowering customers to remain competitive in data management.
Quantum Corp. (NASDAQ: QMCO) announced enhancements to its ActiveScale platform aimed at improving data security, capacity efficiency, and overall performance. The upgrades include a new entry-level configuration starting at 432TB and the ActiveScale 5.7 Object Lock feature, which protects data from malicious acts. Improvements such as Small Object Aggregation are designed to enhance storage efficiency. Quantum aims to position itself as a leader in unstructured data management, catering to growing enterprise demand for scalable and secure object storage solutions.
On Nov. 17, 2020, Quantum Corp. (NASDAQ: QMCO) announced the launch of StorNext 7, featuring the new File System Pools to enhance data management across NVMe and HDD storage. This version aims to provide high-throughput and low-latency performance, particularly for video workflows. The user interface has been redesigned for ease of use, and a simplified capacity-based licensing model has been introduced. Key developments include new web services APIs and a focus on optimizing storage solutions to manage the growing data landscape efficiently.
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).
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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.