QMCO News & Events

Quantum Corp files to sell 18.21M shares of common stock for holders

Investor sentiment remains uneasy with only modest gains seen across the major indices as markets reopened after an extended holiday weekend.  S&P 500 briefly made 2026 lows, slipping below 6,780 in the opening hours of Tuesday's session, before a late-day recovery.  Basic Materials and Energy were the worst performing sectors, with WTI Crude Oil prices slipping below $62 per barrel on reported talks between U.S. and Iran, while Real Estate was the best space in the benchmark as last week's soft inflation data continues to translate into expectations of more aggressive rate cuts this year.   The VIX volatility index - while still above 20 - also ended Monday well off its intraday high.In the opening hour of the evening session, S&P e-minis, Nasdaq 100, and Dow Industrials are all down about 0.1%.  Precious Metals and Oil prices also remain under modest pressure.  Wednesday's earnings calendar is highlighted by Booking Holdings, Analog Devices, Doordashand Carvana.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Rush Street Interactiveup 18.1%Quantumup 15.9%Pitney Bowesup 9.4%AtriCureup 8.3%Celaneseup 6.9%RB Globalup 5.7%Cadence Designup 4.8%Caesars Entertainmentup 3.2%Toll Brothersup 0.5%DOWN AFTER EARNINGS -Axcelis Technologiesdown 15.1%MKSdown 10.3%Palo Altodown 8.0%La-Z-Boydown 6.6%Glaukosdown 0.6%ALSO LOWER -Applied Digitaldown 8.8% as Nvidia exits positionSandiskdown 2.6% after equity offering

Reports Q3 revenue $74.6M vs $68.7M last year. "Third quarter revenue and non-GAAP adjusted EBITDA exceeded the high end of our forecasted range, reflecting the increasing benefits we are seeing from our revitalized sales organization and restructuring initiatives," commented Hugues Meyrath, CEO of Quantum. "Also contributing to our solid results was the significant reduction in our operating costs and increased operational efficiencies realized over the past year. As part of our go-to-market strategy, we have been working closely with customers and strategic partners to address the growing market demand for AI-ready infrastructure leveraging Quantum's integrated platform solutions spanning the full data lifecycle. These efforts have resulted in meaningful increases in both our pipeline and backlog over the past two quarters."