Dallas, Texas 07/08/2013 (Financialstrend) – Quantum Corp (NYSE:QTM), a firm specialized at providing data protection and high level data management solutions with operations in international markets, recently announced that the company won the Tape Based Product of the Year Award for the company’s Scalar i6000 at the Storage Awards 2013. The Scalar i6000 was recognized as the most secure and cost effective solution for enabling data storage for longer time horizons. Quantum Corp (NYSE:QTM) was further categorized as finalist with regards to various other awards such as the Storage Company, the Big Data Company of the year and the Archiving & Compliance Product for the year regarding the company’s Quantum StorNext Archive.
Shares of Quantum Corp (NYSE:QTM) closed at $1.45 on Friday, recording a surge of 5.07 percent for the day. The stock price fluctuated during the day between $1.39 and $1.45, after opening at $1.42 on Friday. Shares of Quantum Corp (NYSE:QTM) have a 52-week low price of $1.00 and a 52-week high price of $2.17.
As for the specific percentage of equity ownership, institutional owners hold around 87 percent of the total share capital in Quantum Corp (NYSE:QTM) and there are 240.88 million shares outstanding in the market. The company recorded an average volume of trading at 1.43 million shares per day.
Quantum Corp (NYSE:QTM) provides solutions for data protection and data management by storing and protecting information in physical, virtual, cloud and data environments. Quantum Corp (NYSE:QTM) works hand in hand with a network of distributors, direct marketing resellers (DMRs), original equipment manufacturers (OEMs), value-added resellers (VARs) and other suppliers.Quantum Corp (NYSE:QTM) services include DXi deduplication systems, StorNext tiered storage, Scalar automated tape libraries, wide area storage solutions, cloud backup and disaster recovery of physical and virtual servers,vmPRO virtual server backup and disaster recovery offerings.