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Last $1.91 USD
Change Today -0.01 / -0.52%
Volume 688.1K
QTM On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

quantum corp (QTM) Snapshot

Open
$1.95
Previous Close
$1.92
Day High
$1.95
Day Low
$1.89
52 Week High
05/5/15 - $2.22
52 Week Low
10/10/14 - $1.02
Market Cap
489.7M
Average Volume 10 Days
1.5M
EPS TTM
$0.06
Shares Outstanding
256.4M
EX-Date
--
P/E TM
30.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for QUANTUM CORP (QTM)

quantum corp (QTM) Related Businessweek News

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quantum corp (QTM) Details

Quantum Corporation provides scale-out storage, archive, and data protection solutions for small businesses to major enterprises in the Americas, Europe, and the Asia Pacific. Its scale-out storage and archive products include StorNext File System software, which provides file sharing, storage, and archive for content workflows, digital libraries, and data repositories; StorNext Storage Manager software that automatically copies and migrates data between different tiers of storage based on user-defined policies; StorNext appliances that offer predictable file sharing and in purpose-built configurations of metadata controllers, expansion appliances, and disk and archive enabled libraries; and Lattus Object Storage solutions, which enable high volumes of data to be available at any time to extract valuable information. The company’s Data Protection solutions comprise DXi disk-based backup systems for high speed recovery and reliability; vmPRO software that provides virtualization data protection software to develop and simplify virtual data protection in midrange and large data centers; and vmPRO appliances, which provide an integrated data protection solution to simplify backups in virtual environments. Its Data Protection solutions also consist of Scalar tape automation systems, such as autoloaders and enterprise-class libraries that integrate tape drives into a system with automation technology, connectivity, and management tools; SuperLoader 3 autoloader that develops data density and performance; and device and media products, including removable disk drives and libraries, NAS appliances, and tape drives and media, as well as a cloud-based data protection platform. The company sells its products through distributors, value-added resellers, direct marketing resellers, original equipment manufacturers, and other suppliers primarily under the Quantum brand. Quantum Corporation was founded in 1980 and is headquartered in San Jose, California.

quantum corp (QTM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $600.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $347.3K
Senior Vice President of Product Operations
Total Annual Compensation: $351.0K
Senior Vice President of Strategy
Total Annual Compensation: $348.6K
Senior Vice President of Worldwide Sales & Ma...
Total Annual Compensation: $364.6K
Compensation as of Fiscal Year 2014.

quantum corp (QTM) Key Developments

Quantum Corp. Announces Board Changes, Effective May 6, 2015

Quantum Corp. announced that effective May 6, 2015, Jeffrey C. Smith has resigned from the company’s board of directors. Pursuant to the agreement between Starboard Value LP and Quantum dated July 28, 2014, Starboard has exercised its replacement rights to recommend that Robert J. Andersen be appointed to the board. Andersen, who will join the board as of May 6, currently serves as the chief financial officer of Tessera Technologies Inc.

Quantum Corporation Reports Unaudited Consolidated Earnings Results for the Year Ended March 31, 2015; Provides Earnings Guidance for the First Quarter of Fiscal Year 2016 and Full Year 2016

Quantum Corporation reported unaudited consolidated earnings results for the year ended March 31, 2015. For the year, the company reported total revenue of $553,095,000 compared to $553,165,000 a year ago. Income from operations was $14,397,000 compared to loss from operations of $11,799,000 a year ago. Income before income taxes was $17,478,000 compared to loss before income taxes of $20,257,000 a year ago. Net income was $16,760,000 or $0.06 per diluted share compared to net loss of $21,474,000 or $0.09 per basic and diluted share a year ago. Net cash provided by operating activities was $6,034,000 compared to $35,474,000 a year ago. Purchases of property and equipment were $3,241,000 compared to $5,957,000 a year ago. Non-GAAP operating income was $34.4 million, up from $23.3 million. Non-GAAP net income was $38.1 million, or $0.14 per diluted share, up from $13.7 million, or $0.05 per diluted share. And at March 31, the company's debt consisted of $153.7 million of convertible debt with no covenants and no early call provision. The company provided earnings guidance for the first quarter of fiscal year 2016 and full year 2016. For the first quarter of 2016, the company expects revenue of approximately $125 million to $130 million, reflecting typical seasonality and the strength of the prior quarter, including the large number of significant deals that closed toward the end of the quarter. Scale-out storage revenue growth of 50% over the fiscal first quarter of 2015. GAAP and non-GAAP gross margin of approximately 45-46%. GAAP and non-GAAP operating expenses of approximately $57 million and $54 million, respectively. GAAP operating loss of $100,000 to operating income of $1.9 million and non-GAAP operating income of $3 million to $5 million. Interest expense of $1.9 million and taxes of $400,000. GAAP net loss of $2.1 million to $100,000, or a loss of $0.01 to $0.00 per diluted share, and non-GAAP net income of $1 million to $3 million, or $0.00 to $0.01 per diluted share. For the full fiscal 2016 year, the company is targeting year-over-year growth of 4-5% in total revenue, 50% in scale-out storage revenue and 8 to 10% in non-GAAP operating income. The company expects to generate free cash flow in fiscal 2016.

Quantum Announces Partnership with Dot Hill Systems for Enterprise-Class Disk-Storage Systems

Quantum unveiled a global go-to-market partnership with software- and hardware-storage company Dot Hill Systems (HILL) under which Quantum will integrate Dot Hill's full line of enterprise-class disk-storage systems into its tiered storage offerings.

 

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QTM

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Valuation QTM Industry Range
Price/Earnings 29.6x
Price/Sales 0.9x
Price/Book NM Not Meaningful
Price/Cash Flow 29.2x
TEV/Sales 0.5x
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