Northland Securities Forecasts Lower Earnings for Quantum

Quantum Corporation (NASDAQ:QMCO) – Northland Securities lowered their Q4 2026 EPS estimates for Quantum in a note issued to investors on Wednesday, February 18th. Northland Securities analyst N. Chokshi now anticipates that the company will post earnings per share of ($0.37) for the quarter, down from their prior forecast of ($0.34). Northland Securities currently has a “Outperform” rating and a $13.00 target price on the stock. The consensus estimate for Quantum’s current full-year earnings is ($5.50) per share. Northland Securities also issued estimates for Quantum’s Q1 2027 earnings at ($0.24) EPS and FY2027 earnings at ($0.33) EPS.

Quantum (NASDAQ:QMCO) last released its quarterly earnings results on Tuesday, February 17th. The company reported ($0.36) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.09. The firm had revenue of $74.59 million for the quarter, compared to analyst estimates of $66.36 million. Quantum has set its Q4 2026 guidance at -0.430–0.230 EPS.

Several other equities research analysts also recently issued reports on the company. Wall Street Zen upgraded Quantum from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum in a report on Monday, December 29th. Finally, Lake Street Capital set a $7.00 target price on shares of Quantum in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.33.

Quantum Stock Performance

Shares of NASDAQ QMCO opened at $5.36 on Monday. Quantum has a 1 year low of $4.89 and a 1 year high of $24.40. The stock’s 50-day simple moving average is $6.82 and its 200-day simple moving average is $8.13. The firm has a market cap of $78.47 million, a price-to-earnings ratio of -1.76 and a beta of 2.66.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Quantum by 18.3% during the third quarter. Vanguard Group Inc. now owns 303,597 shares of the company’s stock valued at $3,012,000 after purchasing an additional 46,919 shares during the period. Marshall Wace LLP bought a new position in Quantum in the 2nd quarter valued at about $1,775,000. UBS Group AG grew its position in Quantum by 170.0% in the 3rd quarter. UBS Group AG now owns 162,605 shares of the company’s stock valued at $1,613,000 after buying an additional 102,384 shares in the last quarter. Geode Capital Management LLC increased its stake in Quantum by 97.5% during the 4th quarter. Geode Capital Management LLC now owns 156,871 shares of the company’s stock valued at $1,012,000 after buying an additional 77,444 shares during the period. Finally, State Street Corp raised its position in shares of Quantum by 231.7% during the 4th quarter. State Street Corp now owns 90,714 shares of the company’s stock worth $585,000 after buying an additional 63,367 shares in the last quarter. Institutional investors and hedge funds own 63.66% of the company’s stock.

Quantum Company Profile

Quantum Corporation (NASDAQ: QMCO) is a technology company that develops and delivers data management and storage solutions for businesses and organizations worldwide. The company’s product portfolio includes hardware, software and cloud-based offerings designed to address backup, archive, primary storage and long-term retention needs. Quantum’s solutions are geared toward data-intensive environments such as media and entertainment, surveillance, government, education and healthcare, where large volumes of digital content must be reliably stored, managed and accessed.

Quantum’s flagship products include the StorNext® data management platform, which provides high-performance shared file storage and workflow acceleration, and the DXi® series of deduplication appliances, which optimize backup and recovery by reducing storage footprints and data transfer times.