Last $1.58 USD
Change Today -0.07 / -4.24%
Volume 2.7M
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quantum corp (QTM) Snapshot

Open
$1.63
Previous Close
$1.65
Day High
$1.67
Day Low
$1.56
52 Week High
12/8/14 - $1.83
52 Week Low
05/7/14 - $0.97
Market Cap
403.7M
Average Volume 10 Days
1.4M
EPS TTM
$-0.03
Shares Outstanding
255.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for QUANTUM CORP (QTM)

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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.

1,290 Employees
Last Reported Date: 06/6/14
Founded in 1980

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 Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014; Provides Earnings Guidance for the Fourth Quarter of 2015

Quantum Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company’s total revenue was $142,063,000 against $145,869,000 a year ago. Income from operations was $9,602,000 against loss from operations of $80,000 a year ago. Income before income taxes was $7,267,000 against loss before income taxes $2,150,000 a year ago. Net income was $6,931,000 or $0.03 per basic and diluted share against net loss of $2,458,000 or $0.01 per basic and diluted per share a year ago. Non-GAAP net income was $10,911,000 or $0.04 basic and diluted per share against $6,185,000 or $0.02 basic and diluted per share a year ago. Non-GAAP income from operations was $13,582,000 against $8,563,000 a year ago. The company generated $2.6 million in cash from operations and ended the quarter with nearly $110 million in total cash and cash equivalents. Non-GAAP operating income was $13.6 million compared to operating income of $8.6 million in the same quarter a year earlier. For the nine months, the company’s total revenue was $405,297,000 against $425,197,000 a year ago. Income from operations was $11,940,000 against $690,000 a year ago. Income before income taxes was $4,795,000 against loss before income taxes of $5,838,000 a year ago. Net income was $3,855,000 or $0.01 per diluted share against net loss of $7,070,000 or $0.03 per basic and diluted share a year ago. Net cash provided by operating activities was $11,117,000 against $15,536,000 a year ago. Purchases of property and equipment were $2,882,000 against $5,026,000 a year ago. Non-GAAP net income was $20,055,000 or $0.08 basic and diluted per share against $15,725,000 or $0.06 basic and diluted per share a year ago. Non-GAAP income from operations was $28,140,000 against $23,485,000 a year ago. The company generated $28 million of non-GAAP operating income and $20 million of non-GAAP net income in the first 9 months of this fiscal year, over $19 million ahead of the first 9 months of fiscal 2014. Cash generated from operations is up more than $10 million from $500,000, and free cash flow has improved $13 million. For the fourth quarter of 2015, the company expects gross margin rate on a GAAP basis in the range of 42.6% to 44.6% and gross margin rate on a non-GAAP basis in the range of 43% to 45%. Operating expense on GAAP basis in the range of $54.9 million to $55.9 million and operating expense on non-GAAP basis in the range of $52 million to $53 million. Income from operations on a GAAP basis in the range of $2.5 million to $3.5 million and income from operations on a non-GAAP basis in the range of $6 million to $7 million. Net loss of $1.8 million to $0.8 million and net income on non-GAAP basis of $3 million to $4 million. Diluted LPS on a GAAP basis is in the range of $0.01 to $0.00 and diluted LPS on a non-GAAP basis is in the range of $0.01 to $0.02. The company also expects interest expense of $2.1 million, taxes of $500,000.

Quantum Corp. Announces Three New Solutions

Quantum Corp. announced three new solutions that integrate the cloud into multi-tier, hybrid storage architectures for demanding data workloads. Rejecting the generic one-size-fits-all approach common among many other cloud offerings, the new Q-Cloud solutions enable customers to leverage Quantum's intelligent data management software to store data in the cloud when it makes the most sense for a given workflow or application. Q-Cloud Archive and Q-Cloud Vault incorporate the power of the public cloud as an off-site tier within a Quantum StorNext 5 workflow environment, while Q-Cloud Protect for AWS enables customers using Quantum's DXi® deduplication appliances to replicate data to the Amazon Web Services (AWS) cloud. With all three offerings, customers can realize the full benefits of the cloud without having to make changes to existing applications or processes. By providing advantages such as shifting capital expense to operating expense, reducing management time and enabling users to scale up or down as needed, the cloud is clearly transforming traditional IT strategies. Taking into account both the benefits and challenges of the cloud, Quantum's approach is to enable customers to combine public cloud storage with on-premise storage in a multi-tier, intelligently managed, application-centric architecture. Q-Cloud Archive and Q-Cloud Vault are public cloud storage services delivered by Quantum, with Q-Cloud Archive providing fast, on-demand access to data in the cloud and Q-Cloud Vault offering "cold storage" for long-term data retention and disaster recovery. Key features and benefits beyond general cloud advantages include: full integration as a tier in StorNext 5-managed workflows, with automated, policy-based data movement. no additional hardware, separate applications or programming needed, agility in addressing changing workload demands, reliability of global public cloud infrastructure, straight-forward pricing and billing directly from quantum, secure, encrypted data in transit and at rest and quantum world-class service and support. Q-Cloud Protect for AWS: Extending DXi Data Protection to Amazon Cloud Offered as a subscription service through the Amazon Marketplace, Q-Cloud Protect for AWS enables customers to replicate from either a physical or virtual DXi appliance on premise to a virtual DXi instance in the AWS cloud. Key features and benefits include: easy access to the Amazon public cloud and its benefits, with no changes to applications or processes, cost savings enabled by the most efficient method of data deduplication, Support for U.S. federal government customers using AWS GovCloud, Secure, encrypted data in transit and at rest.

Quantum Corporation Reports Preliminary Results for Third Quarter Ended December 31, 2014

Quantum Corporation reported preliminary results for the third quarter ended December 31, 2014. Total revenue for the quarter was approximately $142 million, which was down slightly year-over-year, primarily due to a 31% decline in revenue from OEM tape automation partners. Total OEM revenue was approximately $15 million for the quarter, representing 12% of overall non-royalty revenue. GAAP operating income was approximately $10 million, up from a operating loss of $80,000. GAAP net income was approximately $7 million, resulting in $0.03 per diluted share, this was up from a GAAP net loss of $2 million, or $0.01 per diluted share. Non-GAAP operating income was approximately $14 million, an increase of $5 million. Non-GAAP net income was approximately $11 million, or $0.04 per diluted share, which was up from $6 million, or $0.02 per diluted share.

 

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