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) will announce its fiscal fourth quarter and full year 2022 financial results on June 8, 2022, after market close. The results will be discussed in a conference call led by Chairman and CEO Jamie Lerner and CFO Mike Dodson at 5:00 p.m. ET. Investors can dial in using 1-866-424-3436 (international: +1-201-689-8058). The call will be accessible via webcast, with replay available until June 15, 2022.
Quantum Corporation (NASDAQ: QMCO) announced participation in two upcoming investor conferences. On May 10, Jamie Lerner, Chairman and CEO, and Mike Dodson, CFO, will engage in 1x1 meetings at the Oppenheimer Emerging Growth Conference. On May 25, they will participate in a Fireside Chat at the B. Riley Institutional Investor Conference in Beverly Hills, CA, starting at 10:50 a.m. PT, along with additional 1x1 meetings throughout the day. Quantum specializes in data solutions, helping organizations manage and enrich video and unstructured data effectively.
Quantum Corporation (NASDAQ: QMCO) recognized top channel partners in North and Latin America during the annual NAB Partner Event on April 23, 2022. The awards celebrated the highest revenue achievements among Quantum's reseller partners in 2021. Top honors went to CineSys.io (North America Partner of the Year), Advanced Systems Group (Growth Partner of the Year), CDW Canada (Canadian Partner of the Year), and Seal Telecom (Latin America Partner of the Year). Quantum emphasizes the vital role of these partners in driving business growth and market leadership.
Quantum Corporation (Nasdaq: QMCO) has successfully closed its oversubscribed Rights Offering, raising a total of $67.5 million and issuing 30 million shares. This substantial capital will reduce debt by $20 million and enhance cash reserves by over $45 million, strengthening the company's financial position. Additionally, amendments were made to debt covenants, allowing for increased revolving credit facilities and favorable terms. The funds are designated for debt repayment and general corporate purposes, aiming to support revenue growth amidst supply chain challenges.
Quantum Corporation (NASDAQ: QMCO) has launched the F2100 NVMe storage appliance, offering unprecedented performance and storage capabilities in media production. This new technology provides up to 50GB/s for multi-client reads and can store up to 737TB of raw NVMe data, doubling previous generation speeds and capacities. Enhanced integration with Quantum Cloud-Based Analytics will improve system monitoring. The F2100 aims to streamline workflows for video production, rendering, and advanced applications in AR/VR and AI/ML. Orders are available immediately, with a showcase at NAB Show.
Quantum Corporation has launched the H4000 Essential, a cutting-edge all-in-one storage solution designed for small creative teams. This appliance integrates Quantum CatDV media management and StorNext storage software, aimed at enhancing content accessibility and collaboration. Priced under $40,000, it offers features such as automatic content indexing and a dual-controller architecture. The H4000 Essential is now available through value-added resellers, with demonstrations set for the NAB Show in Las Vegas from April 23-27, 2022.
Quantum Corporation (NASDAQ: QMCO) announced a new solution integrating AI capabilities in its CatDV software, enhancing video content enrichment for broadcast and media workflows. This solution, showcased at the NAB Show from April 23-27 in Las Vegas, utilizes NVIDIA's AI technologies, enabling customers to automate video tagging, object recognition, and more, saving time and resources. This on-premises alternative to cloud services leverages NVIDIA's A2 Tensor Core GPUs and aims to maximize the value of content libraries.
Quantum Corporation (NASDAQ: QMCO) reported preliminary revenue of $93 million for Q4 fiscal 2022, exceeding initial guidance of $92 million. The company is set to conduct a Rights Offering aiming to raise $67.5 million, with plans to reduce term debt by $20 million and enhance liquidity. Notably, directors and executives intend to participate in the offering. Further, an amendment to credit agreements seeks to increase borrowing capacity from $30 million to $40 million. Complete financial results will be revealed in June.
Quantum Corporation (NASDAQ: QMCO) has announced the launch of the MyQuantum service delivery platform, designed to streamline customer support and asset management. This platform offers single sign-on (SSO) access for managing support cases, utilizing cloud-based analytics, and accessing a knowledge base. MyQuantum aims to enhance the customer experience and is part of Quantum's transition towards a software-as-a-Service model. Additional features and functionalities are planned for future updates to improve user engagement and service efficiency.
Quantum Corporation (Nasdaq: QMCO) has launched a rights offering to raise up to $67.5 million. Shareholders recorded as of March 25, 2022 are entitled to purchase shares at $2.25 each, providing 0.422573 of a share per existing share held. The offering runs until April 18, 2022. Neuberger Berman and other committed purchasers intend to participate, potentially contributing $55 million to the offering. Proceeds will be utilized for working capital and debt repayment. The offering can be amended or postponed at the company's discretion.
FAQ
What is the current stock price of Quantum Corporation (QMCO)?
What is the market cap of Quantum Corporation (QMCO)?
What does Quantum Corporation do?
Where is Quantum Corporation headquartered?
What is the primary technology behind Quantum's products?
Who are Quantum Corporation's main customers?
What geographic regions generate the most revenue for Quantum?
What recent achievements has Quantum Corporation made?
What are the core strengths of Quantum's solutions?
How does Quantum's scale-out storage benefit businesses?
What makes Quantum's data protection solutions unique?
What type of data does Quantum help manage?
