Friday, October 07, 2011 11:01:15 AM
Wunderlich Securities analyst Brian Freed this morning raised his rating on data storage systems provider Quantum Corp. to Buy from Hold, with a new price target of $3, up from $2.20. The stock closed Thursday at $2.04.
“Our checks suggest stable demand for tape and improving demand for disk and software, which should enable the company to meet or exceed our September quarter estimates,” Freed writes in a research note. “Moreover, continued share gains in tape, recent product announcements in the disk and software segment, evidence of traction related to the reseller relationship with NetApp, and strategic hires in sales over the past several months offer a tangible basis to support sustained growth for Quantum.”
Recent QMCO News
- 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
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 10:09:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/14/2024 09:32:08 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 02/14/2024 09:29:12 PM
- Quantum Announces Delayed Form 10-Q Filing for Quarter Ending December 31, 2023 • Business Wire • 02/14/2024 09:10:00 PM
- XENON Systems Purchases Myriad All-Flash Cloud-Native Solution to Fuel AI, Power Research and Data Science Workloads • PR Newswire (US) • 02/13/2024 07:22:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/12/2024 08:59:52 PM
- Amidata Expands Offerings Based on Quantum End-to-End Solutions, Launches New Cloud Storage Service Built on ActiveScale Object Storage • PR Newswire (US) • 01/30/2024 01:00:00 PM
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM
Snakes & Lattes Opens Pop-Up Location at The Wellington Market in Toronto: A New Destination for Fun and Games - Thanks 'The Well', PepsiCo, Indie Pale House & All Sponsors & Partners for Their Commitment & Assistance Throughout The Process • FUNN • Jun 13, 2024 8:18 AM
HealthLynked Introduces Innovative Online Medical Record Request Form Using DocuSign • HLYK • Jun 12, 2024 8:00 AM
Ubiquitech Software Corp (OTC:UBQU) Posts $624,585 Quarterly Revenue - Largest Quarter Since 2018 • UBQU • Jun 11, 2024 10:13 AM
Element79 Gold Corp Files for OTCQB Uplisting, Provides Financial Update • ELEM • Jun 11, 2024 9:25 AM