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Quantum Corporation - $QMCO STOCK NEWS

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

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 Corporation'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 Corporation's position in the market.

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.
Rhea-AI Impact
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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Rhea-AI Summary
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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none
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.54%
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Rhea-AI Summary
Quantum (QTM) announces MR Datentechnik's implementation of Quantum ActiveScale™ object storage as the foundation of their new MR S3 Storage Service, driving rapid growth, profitable new revenue, and high customer satisfaction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4%
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none
Rhea-AI Summary
Quantum Corporation (QMCO) announces the availability of Quantum Myriad™, an all-flash, scale-out file and object storage software platform for the enterprise. The cloud-native solution has demonstrated high performance in early-access testing, offering deployment flexibility and consistent high performance for data-intensive workloads. Eikon Therapeutics, a life sciences company, has evaluated Myriad on their informatics and omics research workloads and found it to be extremely performant, with many enterprise features and a polished interface.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.33%
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none
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Rhea-AI Summary
Quantum Corporation (NASDAQ: QMCO) received a notice from Nasdaq stating non-compliance with the filing of its Quarterly Report on Form 10-Q due to a re-evaluation of its application of standalone selling price under Accounting Standards Codification Topic 606. The company plans to file a compliance plan by January 16, 2024, and if accepted, an extension of up to 180 calendar days will be granted. The Notice has no immediate impact on the listing of the Company's common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Rhea-AI Summary
Quantum Corporation (NASDAQ: QMCO) has announced the postponement of its fiscal 2024 second quarter earnings release and conference call due to the delayed filing of its Quarterly Report on Form 10-Q. The delay is a result of the company re-evaluating its application of Standalone Selling Price as part of Accounting Standards Codification (ASC) Topic 606. Quantum has not set a completion date for the re-evaluation but is working to finish it as soon as possible. Additionally, the company has provided unaudited cash and long-term debt balances as of September 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.44%
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none
Rhea-AI Summary
Quantum Corporation announces new bundled offerings for organization-wide data protection based on Quantum DXi-Series Backup Appliances
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.76%
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none
Quantum Corporation

Nasdaq:QMCO

QMCO Rankings

QMCO Stock Data

43.82M
81.96M
13.61%
55.27%
0.26%
Computer Storage Device Manufacturing
Manufacturing
Link
United States of America
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.