Saturday, September 10, 2016 10:03:32 PM
– Hedge Funds with Long Positions (as of June 30): 15
– Value of Hedge Funds’ Holdings (as of June 30): $26.09 Million
The number of hedge fund vehicles invested in Quantum Corp (NYSE:QTM) increased to 15 from 13 during the second quarter, whereas the aggregate value of their stakes in the company decreased by 29% quarter-on-quarter to $26.09 million. The 29%-decrease was mainly attributable to a decline of 31% in the value of Quantum shares. The shares of the expert in scale-out storage, archive and data protection are 18% in the red thus far in 2016. The company reported total revenue of $116.3 million for the fiscal quarter of fiscal 2017 that ended June 30, an increase of $5.4 million year-over-year. The increase in Quantum’s top line was mainly driven by increased revenue from disk backup systems, devices and media and scale-out storage solutions, partly offset by lower revenue from service and royalty. Jeffrey Smith’s Starboard Value LP had a whopping 19.97 million shares of Quantum Corp (NYSE:QTM) in its portfolio at the end of the June quarter.
Recent QMCO News
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 07/08/2024 08:18:30 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 06/18/2024 08:08:45 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/18/2024 08:01:03 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 06/17/2024 09:11:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/17/2024 08:38:13 PM
- Quantum Reports Fiscal Full Year 2024 Financial Results • Business Wire • 06/17/2024 08:32:00 PM
- U.S. Index Futures Mixed; Commodities and Global Markets Update • IH Market News • 06/17/2024 10:50:33 AM
- Quantum to Release Fiscal Year 2024 Financial Results on Monday, June 17 • Business Wire • 06/11/2024 09:07:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/10/2024 08:00:54 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/30/2024 08:08:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/30/2024 01:36:16 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/29/2024 08:25:56 PM
- Quantum Announces Timing for the Reporting of Financial Results and other Business Matters • Business Wire • 05/29/2024 08:05:00 PM
- Quantum Provides Updated Plan to Nasdaq • Business Wire • 05/03/2024 08:05:00 PM
- Quantum GO Now Available to Provide a Subscription Model to Meet Customers’ Growing Data Management Needs and Budgetary Objectives • Business Wire • 05/01/2024 12:00:00 PM
- Quantum Announces Expanded Global Partnership Model to Grow Presence in Asia-Pacific Markets • Business Wire • 04/30/2024 08:05:00 PM
- Quantum and Carahsoft Partner to Supply the Public Sector With End-to-End Data Solutions • GlobeNewswire Inc. • 04/25/2024 01:00:00 PM
- Quantum Announces DXi All-Flash Backup Appliances to Accelerate End-to-End Data Protection and Ensure Continuous Access to Critical Workloads and Data Pipelines • Business Wire • 04/23/2024 12:00:00 PM
- Quantum Provides Additional Business Updates • Business Wire • 04/12/2024 08:05:00 PM
- Quantum to Offer Advanced Filesharing Technology and Performance in StorNext and Myriad Solutions • Business Wire • 04/11/2024 02:27:00 PM
- Quantum Announces ActiveScale All-Flash Object Storage Solution to Accelerate AI Pipelines, Power Massive Data Lakes and Build Storage Clouds • Business Wire • 04/02/2024 12:00:00 PM
- Quantum Provides Business Update • Business Wire • 03/25/2024 08:05:00 PM
- Quantum Announces the Scalar i7 RAPTOR for Data Lakes to fuel AI models, Private and Hybrid Clouds, and Unmatched Data Protection • Business Wire • 03/21/2024 12:00:00 PM
- Quantum Announces Waiver and Amendment to Term Loan and Revolving Credit Agreements • Business Wire • 02/20/2024 09:40:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/20/2024 09:14:18 PM
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