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Last $4.15 USD
Change Today +0.04 / 0.97%
Volume 78.3K
IMN On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 8:04 PM 04/20/15 All times are local (Market data is delayed by at least 15 minutes).

imation corp (IMN) Snapshot

Open
$4.14
Previous Close
$4.11
Day High
$4.18
Day Low
$4.07
52 Week High
04/22/14 - $5.45
52 Week Low
09/18/14 - $2.69
Market Cap
177.7M
Average Volume 10 Days
101.5K
EPS TTM
$-1.70
Shares Outstanding
42.8M
EX-Date
01/30/09
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for IMATION CORP (IMN)

imation corp (IMN) Related Businessweek News

No Related Businessweek News Found

imation corp (IMN) Details

Imation Corp., together with its subsidiaries, operates as a data storage and data security company worldwide. The company operates in two segments, Tiered Storage and Security Solutions (TSS), and Consumer Storage and Accessories (CSA). The TSS segment offers storage and security solutions, such as NST, a hybrid storage line product; Nexsan E-Series disk arrays; and Assureon line, which delivers secure archive systems for data offload, compliance, and secure cloud deployment. It also provides magnetic tape media products used for business and operational continuity planning, disaster recovery, data backup, near-line data storage, and retrieval, as well as mass and archival storage. This segment offers its products under the IronKey brand name. The CSA segment provides consumer storage media products primarily include optical products comprising DVDs, CDs, and Blu-ray recordable media, as well as USB flash drives, flash cards, and external hard disks drives; and audio and accessories, such as speakers, headphones, and accessories. This segment offers its products under the Imation, Memorex, TDK Life on Record, and TREK brand names. The company serves businesses and individual consumers through distributors, wholesalers, value-added resellers, original equipment manufacturers, and retail outlets. The company is headquartered in Oakdale, Minnesota.

910 Employees
Last Reported Date: 03/16/15

imation corp (IMN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $754.9K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $264.9K
Senior Vice President and Group President of ...
Total Annual Compensation: $387.1K
Vice President and Group President of Tiered ...
Total Annual Compensation: $306.5K
Vice President, General Counsel and Corporate...
Total Annual Compensation: $325.5K
Compensation as of Fiscal Year 2014.

imation corp (IMN) Key Developments

Imation May Seek Acquisitions

Imation Corp. (NYSE:IMN) might be planning for acquisitions. The Board of Directors of Imation Corp., in connection with a rival slate for the IMA board, proposed by Clinton Group, Inc. advised its shareholder to select Imation Board on grounds that the proposals made by Clinton could turn Imation into an acquisition roll-up vehicle. The Board of Directors further mentioned that Imation Corp. may also go for such acquisitions.

Imation Corp Launches Golden IronKey Program

Imation Corp. announced the Golden IronKey program. In addition to providing enterprises and government agencies around the world with the most secure flash drive, IronKey has reached a major milestone with more than two million devices sold. To commemorate this milestone, IronKey is launching the Golden IronKey Program, which includes giving away 1,000 golden encrypted flash drives. The limited-edition golden drives will be awarded to top customers and to channel champions that have secured the biggest customer deals. The company will also be offering the special drives to qualified prospects who are participating in marketing promotions such as trade shows, CrowdChats and other marketing activities. Embedded systems security has come under scrutiny with the recent rise in USB-related attacks from BadUSB and the Equation Group. Both attacks altered devices at the firmware level, making them undetectable by normal antivirus and anti-malware software. IronKey has built its products with a security-first mentality that includes both the hardware and firmware. This discipline includes standard features such as firmware signing, which protects all IronKey devices against malware, physical tampering and advanced threats such as BadUSB and the Equation Group.

Imation Introduces Imation Lock & Key

Imation announced it has introduced Imation Lock & Key a new solution that adds an additional layer of security to data storage environments and protects high-value data files from internal and external threats. Lock & Key provides advanced two-factor authentication for storage administrators, ensuring lock-down access to storage systems and allowing organizations to enhance their security strategies. Lock & Key solutions will be made generally available for purchase in June 2015 for use with Imation's Nexsan Assureon secure archive solutions. Lock & Key is a component of Imation's Secure Data Movement Architecture. Through Lock & Key, organizations can enhance their security strategies by requiring a second factor of authentication for storage administrators to gain access to storage systems. No matter where they are, administrators will be able to access a secure management user interface for one or more of Imation's Nexsan storage systems using their access credentials and a paired, encrypted and tamper-resistant IronKey secure storage flash drive. Lock & Key solutions are easily deployed in plug-and-play fashion, and can be centrally controlled and administered by anyone in an organization's IT team who has the required access privileges.

 

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Industry Analysis

IMN

Industry Average

Valuation IMN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 0.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.1x
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