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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 announces new pre-configured bundles for Quantum ActiveScale Cold Storage, reducing cold storage costs by up to 60%. ActiveScale enables organizations to control costs and ensure fast, easy access to data. Bundles available in four standard capacity sizes ranging from 10 to 100 petabytes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.35%
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none
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Rhea-AI Summary
Quantum Corporation (NASDAQ: QMCO) to participate in Northland Institutional Investor Conference on September 19, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.08%
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conferences
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Rhea-AI Summary
Quantum Corporation (NASDAQ: QMCO) CEO and CFO will attend the Lake Street BIG7 Best Ideas Growth Conference on September 14, 2023.
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End-of-Day
-- %
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conferences
Rhea-AI Summary
Quantum Corporation announces new capabilities in its data platform, providing customers with choice in data placement and enhancing agility, reducing business risks, and lowering costs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.67%
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none
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-- %
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partnership
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Rhea-AI Summary
Quantum Corporation (Nasdaq: QMCO) reported a 5% decrease in revenue for its fiscal first quarter ended June 30, 2023. However, non-GAAP gross margin expanded to 38.3%, and subscription ARR increased by 78% year-over-year to $14.6 million. The company's GAAP net loss was $10.6 million, while non-GAAP adjusted net loss was $4.8 million. Adjusted EBITDA improved to $0.8 million. The largest hyperscale customer paused orders, impacting the second quarter and full-year outlook. Quantum plans to transition to a more stable, subscription-based business model.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-30.77%
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Rhea-AI Summary
Quantum Corporation announced that its Chairman and CEO, Jamie Lerner, and CFO, Kenneth Gianella, will be participating at the Oppenheimer Technology, Internet & Communications Conference on August 9, 2023. They will host a fireside chat at 4:35 p.m. ET and will be available throughout the day to meet with investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.33%
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conferences
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Rhea-AI Summary
Quantum Corporation (NASDAQ: QMCO) will release its fiscal first quarter 2024 financial results on August 8, 2023, before the market opens. The Chairman and CEO, Jamie Lerner, and CFO, Kenneth Gianella, will host a conference call at 9:00 a.m. ET to discuss the results. Analysts and investors can join the call using the provided details. A webcast link and presentation slides will be available for listening only. Telephone replay and webcast replay information are also provided.
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Rhea-AI Sentiment
End-of-Day
-0.92%
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End-of-Day
6.73%
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none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.82%
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Quantum Corporation

Nasdaq:QMCO

QMCO Rankings

QMCO Stock Data

52.55M
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.