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 ActiveScale™ S3-compatible object store software is now a verified Veeam Ready Object Solution. This status reinforces Quantum's role in managing unstructured data through a software-defined approach. Acquired in March 2020, ActiveScale offers scalable, durable storage ideal for long-term data retention. The partnership with Veeam enhances operational compatibility, benefiting customers who utilize Veeam’s Cloud Data Management solutions.
Quantum Corp. (NASDAQ: QMCO) has launched new multi-factor authentication software for its Scalar® i3 and i6 tape libraries to enhance security against ransomware attacks. This innovation emphasizes Quantum's commitment to protecting customer data. The new Ransomware Protection Packs, starting at $9,999, bundle various security features, leveraging Active Vault and AES-256 encryption. The offerings aim to facilitate data protection across organizations of varying sizes. Positive initial reception from customers and channel partners has been reported since January.
Quantum Corporation (NASDAQ: QMCO) reported fiscal 2020 financial results, with revenue of $402.9 million, a slight increase from $402.7 million in fiscal 2019. Gross margins improved to 42.8% from 41.6%. Despite a net loss of $5.2 million or $(0.14) per diluted share, adjusted net income rose to $15.4 million, showing a significant improvement year-over-year. Operating expenses decreased by 12% to $151.3 million. The company anticipates a challenging outlook for the first fiscal quarter of 2021 due to COVID-19 disruptions, expecting revenues around $73 million.
Quantum Corp. (NASDAQ: QMCO) announced that Eric Bassier, the senior director of product marketing, will present at ISC 2020 Digital from June 22-25, 2020. His presentation will focus on machine learning and its data storage requirements, discussing key considerations for machine learning at scale, reference architectures, and long-term data preservation options. This event highlights Quantum's advancements following the addition of ActiveScale object storage to its portfolio, which supports high-performance computing needs.