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 (NASDAQ: QMCO) is a technology company focused on end-to-end data management for unstructured data in the AI era. Its news flow reflects this focus, with regular updates on product enhancements, financial performance, capital structure, and strategic collaborations that shape its role in AI-aligned storage and data infrastructure.
Investors and industry observers following QMCO news will see earnings announcements and preliminary financial results, where Quantum reports revenue, gross margin, operating expenses, and non-GAAP metrics such as adjusted operating expenses and adjusted EBITDA. These releases often include management commentary on restructuring efforts, cost structure changes, and balance sheet initiatives, including debt exchanges and term loan amendments.
Quantum’s news also highlights product and platform developments. Recent announcements include enhancements to the ActiveScale object storage platform, such as Ranged Restore for Glacier-class archives and performance improvements for small object restores, as well as updates to Scalar tape libraries like the Scalar i3 and the Scalar iSCSI Bridge for Ethernet connectivity. These stories provide insight into how the company is evolving its storage technologies for AI, analytics, and cold data use cases.
Another recurring theme in QMCO news is strategic and capital markets activity. Quantum has issued press releases on shareholder approvals for debt exchanges, the issuance of senior secured convertible notes, and its participation in investor conferences hosted by firms such as Needham and Northland. The company also discloses strategic partnerships, including an MOU with Entanglement, Inc. to advance quantum logic, post-quantum encryption, and regionalized AI data storage services.
By monitoring Quantum’s news feed, readers can track how the company’s financial results, storage innovations, and financing transactions interact with its broader strategy in AI-era unstructured data management. This page aggregates those updates in one place for convenient review.
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.
Quantum Corp. (NASDAQ: QMCO) has announced a significant enhancement in data management for the Joint Network Center (GNZ) at the Fritz Haber Institute. By implementing the StorNext file system and Scalar tape solution, GNZ has successfully reduced its backup window by 50%, while also ensuring the integrity of vital scientific data. The improvements allow GNZ to manage over a petabyte of data effectively, doubling the number of institutes served and streamlining operations at a reduced cost.
Quantum Corp. (NASDAQ: QMCO) announced a new partnership with Nemeton TV to enhance its video storage solutions. The implementation includes StorNext scale-out file storage software and Scalar tape archives, providing needed reliability for live sports events. Nemeton TV's transition to streaming demands a reliable, scalable storage environment. Since implementing Quantum's solutions, Nemeton TV has reported 100% uptime and significantly improved data transfer speeds. This system positions them well for future production demands and analytics capabilities.
Quantum Corporation (NASDAQ: QMCO) will host a Virtual Analyst & Investor Day on August 26, 2020, from 11:00 a.m. to 2:00 p.m. ET. The event will feature presentations by the executive team, followed by an interactive Q&A session. Interested participants can register here and watch the event via the webcast. Quantum is known for its innovative solutions in video and unstructured data, aimed at enhancing digital content management and preservation.
Quantum Corp. (NASDAQ: QMCO) has launched the DXi 4.1 software for its backup appliances, enhancing backup and restore performance significantly. This update integrates with Veeam Backup & Replication v10, allowing for ultra-fast synthetic full backups, improving efficiency for large enterprises. The cloud-based analytics feature enables remote monitoring of system health, while the software also supports Veritas NetBackup and offers improved replication capabilities. DXi 4.1 is available as a complimentary upgrade for DXi4800 and DXi9000 appliances.