Outperform Rating Given To Quantum Corp (NYSE:QTM)


Dallas, Texas 02/14/2014 (FINANCIALSTRENDS) – In a recent development Zacks international upgraded the rating of Quantum Corp (NYSE:QTM) and gave it a outperform rating. The current price objective of this firm is $1.40 and there is a strong possibility of a possible upside of almost 18.64% from this level. During the last trading session the shares of Quantum closed at around $1.19 and for the entire trading session its shares hovered between $1.17 and $1.20. The current market capitalization of Quantum is around $295.01 million.

The 52 week high of Quantum is around $ 1.75 and its 52 week low is around $1.10. The beta value of the share is 3.12 and EPS that is earnings per share is -0.09.  However when the company issued its last quarter statement the earnings per share came out to be $0.02 per share and for the last quarter total revenues that were registered was $145.90 million. Another analyst Mr. Craig Hallum also upgraded the Quantum from hold rating to buy rating and he is of the view that one can expect a very good return in another 6 months.

An overview of the Company

Quantum Corp (NYSE:QTM) is a leading provider of specialized scale out storage  and special data protection solutions for sharing, preserving, and accessing different digital assets over the entire data lifecycle. The company has got customers from small businesses as well as major enterprises and there are over 100,000 different customers from all over the world that trusts Quantum.

The company also addresses issues such as backup, archive and content workflow challenges.  The company has end to end storage framework so that the value of the data can be maximized and the entire data becomes more accessible whenever and wherever it is needed. Company also wants to retain all the data for longer period of time that will help them to reduce the cost and complexity of the entire system.