Welcome to our dedicated page for Quantum Corporation news (Ticker: QMCO), a resource for investors and traders seeking the latest updates and insights on Quantum Corporation stock.
Quantum Corporation (QMCO) is a leading provider of innovative data storage and management solutions. Headquartered in the United States, Quantum specializes in scale-out storage, archive, and data protection services aimed at small businesses and large multinational enterprises alike. The company offers a unique approach to managing data throughout its entire lifecycle, from capture and sharing to long-term preservation.
Quantum's solutions are designed to handle large unstructured data sets and provide capabilities such as data ingestion, real-time collaboration, scalability, and robust protection. A significant portion of the company's revenue is derived from products based on tape technology, which remains a reliable and cost-effective medium for data storage.
One of the core strengths of Quantum is its scale-out portfolio, which allows businesses to manage digital assets efficiently and maximize their value. The company serves a global market, with the majority of its revenue generated in the Americas, followed by significant contributions from Europe and the Asia-Pacific region.
In recent developments, Quantum has made strides in enhancing its product offerings and expanding its market reach. The company has formed strategic partnerships and continues to innovate in the data management sector. Quantum's commitment to providing high-quality, reliable storage solutions has solidified its position as a trusted partner for businesses looking to protect and manage their data assets.
Quantum Corporation (NASDAQ: QMCO) announced the deployment of its end-to-end software platform by EFD Digital, enhancing video post-production services. This subscription-based solution, powered by Quantum's StorNext software, has been recognized as the fastest file system for video workloads. EFD Digital aims to improve collaboration among its creative professionals, allowing faster project delivery. The initial deployment includes 1 PB of storage, with plans to scale to 3 PB within a year, catering to rising demand for video content in a post-pandemic environment.
Quantum Corporation (QMCO) announced the appointment of Ross Fujii as General Manager of Emerging Markets and Product Marketing, effective June 28, 2021. With significant experience in data management and software distribution, Fujii aims to transition Quantum from a hardware-centric model to a subscription-based service provider. His focus will be on expanding into emerging markets such as video surveillance and advanced driver-assistance systems (ADAS). CEO Jamie Lerner emphasized Fujii's role in the company's strategic shift towards digital transformation and data solutions.
Quantum Corporation (NASDAQ: QMCO) has teamed up with Supermicro to provide scalable object storage solutions, allowing customers to manage vast amounts of unstructured data efficiently. This partnership combines Quantum's ActiveScale software with Supermicro's high-capacity servers, optimizing performance for data-heavy applications like enterprise archiving and AI research. The new technology aims to help organizations leverage their data without proportional budget increases, addressing the challenges posed by massive data growth.
Quantum Corporation (NASDAQ: QMCO) announced the release of ActiveScale 6.0 object storage software, designed to enhance data management for unstructured data.
Key features include unlimited scalability and consistent performance across all scales, with a new ActiveScale X200 platform offering increased storage density and throughput.
With 78% greater storage density and 7X increased throughput, ActiveScale 6.0 aims to improve user productivity while reducing management costs. The software is available for purchase via Supermicro, providing flexible deployment options.
Quantum Corporation (NASDAQ: QMCO) will participate in the Craig-Hallum Institutional Investor Conference on June 2, 2021. CEO Jamie Lerner and CFO Mike Dodson are set to engage in discussions throughout the virtual event. Investors interested in meeting with the management can coordinate with their Craig-Hallum representatives. Quantum specializes in data lifecycle solutions, serving a diverse range of industries including entertainment and enterprise.
Quantum Corporation (NASDAQ: QMCO) reported its fiscal fourth quarter and year 2021 results, revealing a 5% increase in revenue year-over-year to $92.4 million. Despite a GAAP net loss of $17.5 million ($0.35 per share), adjusted net income rose to $2.1 million ($0.03 per share). Adjusted EBITDA increased to $8.3 million. The company experienced strong demand with customer orders returning to pre-COVID levels; however, supply chain shortages hampered order fulfillment. Cash reserves improved to $33.1 million, bolstered by a successful secondary offering.
Quantum Corporation (NASDAQ: QMCO) will release its financial results for the fiscal fourth quarter and full year on May 26, 2021, after market close. The results will cover the period ending March 31, 2021. Chairman and CEO Jamie Lerner and CFO Mike Dodson will discuss the outcomes in a conference call at 4:30 p.m. ET. Analysts and investors can access the call via specified phone numbers or by webcast. A replay will be available shortly after the call and can be accessed until June 2, 2021.
Quantum Corporation (NASDAQ: QMCO) announced the launch of its new StorNext architecture and H4000 Series appliances designed to simplify the management and protection of video content and critical data. This innovative architecture aims to reduce power and cooling costs by consolidating components, resulting in a 66% reduction in components and 50% less rack space needed. The new StorNext 7 software enhances usability with improved monitoring and management features. The H4000 Series is available for purchase, with shipments expected by the end of May 2021.
Quantum Corporation (NASDAQ: QMCO) has appointed Brian Cabrera as General Counsel and Chief Compliance Officer as of April 19, 2021. Cabrera has over 25 years of experience in the legal and regulatory sectors, previously serving as General Counsel at NVIDIA. His expertise is expected to aid Quantum in its transition to software-defined solutions for managing video and unstructured data. CEO Jamie Lerner highlighted Cabrera's history of facilitating growth at NVIDIA, which increased in value from $15 billion to over $100 billion under his guidance.
Quantum Corporation (NASDAQ: QMCO) has launched a new reference architecture for large-scale surveillance workloads designed for high-performance shared storage. This solution integrates Quantum's StorNext®, recognized as the world's fastest file system for video workloads. The architecture supports 500 to 2,000 cameras and data retention from 30 days to 1 year. This innovation aims to meet the growing demands of surveillance data management, ensuring no dropped frames during recording. Quantum continues to invest in this sector, recently enhancing its business development team in the Middle East, India, and Asia Pacific.
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