Northland Capital Markets Maintains Outperform Rating for Quantum: Here's What You Need To Know

Northland Capital Markets has decided to maintain its Outperform rating of Quantum QMCO and lower its price target from $6.00 to $2.25.

Shares of Quantum are trading up 0.0% over the last 24 hours, at $1.06 per share.

A move to $2.25 would account for a 112.26% increase from the current share price.

About Quantum

Quantum Corp is a United States-based company engaged in providing scale-out storage, archive, and data protection for small businesses and large multinational enterprises. Its solutions capture, share, manage and preserve digital assets throughout the data lifecycle. The scale-out portfolio offerings enable customers to manage large unstructured data sets, provide ingest capabilities, real-time collaboration, scalability, and protection. It derives primary revenues from the products based on tape technology. A majority of the firm's revenue is generated in the Americas, with the rest coming from Europe and Asia-Pacific.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.