Welcome to our dedicated page for Quantum news (Ticker: QMCO), a resource for investors and traders seeking the latest updates and insights on Quantum stock.
Quantum Corporation (QMCO) provides innovative data management solutions for enterprises managing large-scale unstructured data. This news hub delivers official updates and analysis on Quantum's strategic initiatives, financial performance, and technological advancements.
Investors and industry professionals will find timely updates including earnings reports, product launches, strategic partnerships, and leadership developments. Our curated collection ensures access to verified information about Quantum's scale-out storage solutions, archive technologies, and data protection systems.
Bookmark this page for structured insights into Quantum's progress across media, healthcare, and research sectors. Check regularly for updates on software-defined storage innovations and enterprise data management trends directly affecting QMCO's market position.
Quantum Corporation (NASDAQ: QMCO) announced the grant of 250,000 restricted stock units (RSUs) to John Hurley, the newly-appointed Chief Revenue Officer, under its 2021 Inducement Plan. This grant, effective September 1, 2021, is designed to attract talent and is compliant with Nasdaq Listing Rule 5635(c)(4). The RSUs will vest over three years in installments of 34% after the first year and 33% in each of the following years, contingent upon Hurley's continued employment. Quantum aims to enhance data management solutions in various sectors, reinforcing its commitment to innovation.
Quantum Corporation (NASDAQ: QMCO) has announced a new end-to-end reference architecture aimed at enhancing Advanced Driver-Assistance Systems (ADAS) and Autonomous Driving (AD) development. This architecture focuses on optimizing data acquisition, storage, and management, crucial for developing sophisticated autonomous vehicle software. The R6000, designed for high-speed data capture in rugged conditions, complements Quantum's award-winning StorNext™ File System, enabling efficient processing of terabytes of data. This innovation positions Quantum as a leader in supporting the growing needs of autonomous vehicle developers.
Quantum Corporation (NASDAQ: QMCO) has announced a definitive agreement to acquire the assets of EnCloudEn, a hyperconverged infrastructure software company. This acquisition aims to enhance Quantum's video surveillance portfolio by providing flexible, subscription-based software solutions compatible with various server hardware. Following the recent acquisition of Pivot3's surveillance business, Quantum intends to leverage EnCloudEn's technology to broaden its market reach, particularly in India and Asia. The deal is expected to close later this quarter, subject to customary conditions.
On August 23, 2021, Quantum Corporation (NASDAQ: QMCO) announced that its Chairman and CEO, Jamie Lerner, along with CFO Mike Dodson, will participate in two upcoming investor conferences.
The Jefferies Semiconductor, IT Hardware & Communications Infrastructure Summit is scheduled for September 1, followed by the Lake Street Best Ideas Growth Conference on September 15. Both events will feature virtual one-on-one meetings.
Interested portfolio managers and analysts can schedule meetings through their respective sales representatives.
Quantum Corporation (NASDAQ: QMCO) has appointed John Hurley as the new Chief Revenue Officer. With over 25 years of experience in enterprise sales and a background at Cisco, Hurley aims to drive the company’s growth as it transitions from a hardware vendor to a subscription-based software provider. CEO Jamie Lerner emphasized Hurley’s expertise will be crucial for Quantum's expansion in diverse sectors including cloud services and government. The company seeks to harness video and data management to enhance client operations globally.
Quantum Corporation (NASDAQ: QMCO) reported a 22% year-over-year revenue growth to $89.1 million for its fiscal first quarter ending June 30, 2021. Despite this growth, the GAAP net loss was $4.2 million, or ($0.07) per share. Adjusted EBITDA increased to $5.4 million. The company faced supply chain challenges but saw a significant backlog rise to $30 million, indicating strong demand. It also acquired Pivot3's video surveillance assets, adding over 500 customers. Future guidance includes expected revenues of $88 million +/- $4 million for the next quarter.
Quantum Corporation (NASDAQ: QMCO) announced the successful refinancing of its senior secured term loan, replacing its previous facility with a new $100 million loan maturing in 2026. This refinancing will reduce annual interest expenses by $7 million and improve restrictive financial covenants. CEO Jamie Lerner emphasized that this move enhances financial flexibility and demonstrates strong financial management. The announcement seeks to reassure investors by highlighting Quantum's commitment to addressing customer data storage challenges and improving overall financial health.
Quantum Corporation (NASDAQ: QMCO) announced participation in two upcoming investor conferences. Jamie Lerner, Chairman and CEO, alongside Mike Dodson, CFO, will attend the Oppenheimer Technology, Internet & Communications Conference on August 11 at 1:15 p.m. ET and the B. Riley Securities Summer Summit on August 19, with in-person meetings in Santa Monica, CA. Webcasts of presentations will be available on Quantum's investor website. Quantum focuses on advanced technology for digital content management, supporting various industries.
Quantum Corporation (NASDAQ: QMCO) will release its financial results for the first fiscal quarter ended June 30, 2021, on August 9, 2021, after market close. A conference call led by Jamie Lerner, Chairman and CEO, and Mike Dodson, CFO, will occur at 5:00 p.m. ET to discuss results. Investors can access the call via the provided dial-in numbers or listen online. A replay will be available shortly after the call and for one week following the event. Interested parties can visit investors.quantum.com for more details.
Quantum Corporation (NASDAQ: QMCO) announced its agreement to acquire the video surveillance portfolio and assets of Pivot3 for approximately $8.9 million. This acquisition is expected to enhance Quantum's position in the multi-billion-dollar video surveillance market, expanding its customer base and product offerings under the Quantum VS-Series. The deal is projected to be slightly accretive to EBITDA through the rest of Fiscal 2022 and aims to bolster Quantum's capabilities in managing the video data lifecycle.
