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 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.
Quantum Corporation (NASDAQ: QMCO) reported financial results for Q1 FY2021, with revenue of $73.3 million, down 31% year-over-year. The GAAP net loss was $10.7 million or $(0.27) per share, compared to a net loss of $3.8 million in the same quarter last year. Gross margin slightly decreased to 42.1%. Operating expenses fell by 20% to $34.3 million. The company holds $29.1 million in cash and reduced debt through amended credit facilities. For Q2 FY2021, Quantum anticipates revenue of $83 million and an adjusted net loss of $3 million.
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.