Qumu (QUMU) to Release Quarterly Earnings on Thursday

Qumu (NASDAQ:QUMU – Get Rating) will issue its quarterly earnings data after the market closes on Thursday, May 12th. Analysts expect the company to announce earnings of ($0.21) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Qumu (NASDAQ:QUMU – Get Rating) last released its quarterly earnings data on Thursday, March 17th. The technology company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.05. Qumu had a negative return on equity of 92.92% and a negative net margin of 68.13%. The business had revenue of $5.91 million during the quarter, compared to analysts’ expectations of $6.26 million. During the same quarter last year, the business posted ($0.21) EPS.

NASDAQ QUMU opened at $1.40 on Thursday. The stock has a market cap of $25.00 million, a P/E ratio of -1.39 and a beta of 1.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a 50 day simple moving average of $1.69 and a two-hundred day simple moving average of $1.94. Qumu has a fifty-two week low of $1.22 and a fifty-two week high of $5.58.

A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Qumu from a “hold” rating to a “buy” rating and set a $2.00 target price for the company in a research note on Thursday, March 24th. StockNews.com assumed coverage on Qumu in a research note on Thursday. They issued a “sell” rating for the company.

A number of hedge funds have recently bought and sold shares of QUMU. Morgan Stanley increased its position in Qumu by 815,600.0% during the 1st quarter. Morgan Stanley now owns 8,157 shares of the technology company’s stock valued at $55,000 after buying an additional 8,156 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in Qumu during the 3rd quarter valued at approximately $75,000. Millennium Management LLC bought a new position in Qumu during the 3rd quarter valued at approximately $264,000. Two Sigma Investments LP bought a new position in Qumu during the 3rd quarter valued at approximately $322,000. Finally, Renaissance Technologies LLC increased its position in Qumu by 4.6% during the 4th quarter. Renaissance Technologies LLC now owns 772,478 shares of the technology company’s stock valued at $1,638,000 after buying an additional 33,722 shares in the last quarter. 38.32% of the stock is owned by institutional investors.

Qumu Company Profile (Get Rating)

Qumu Corporation provides tools to create, manage, secure, distribute, and measure live and on-demand video content for the enterprises. It offers software on a license, cloud-hosted software as a service, or term software license basis; and sells third-party hardware appliances, as well as provides maintenance and support, and professional and other services.

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