AI solutions co Quantum says Q3 preliminary revenue exceeds its guidance

Reuters01-15
AI solutions co <a href="https://laohu8.com/S/QMCO">Quantum</a> says Q3 preliminary revenue exceeds its guidance

Overview

  • AI solutions provider's preliminary fiscal Q3 revenue exceeds high-end of its guidance range

  • Preliminary Non-GAAP adjusted operating expenses within guidance range

Outlook

  • Company did not provide specific guidance for future quarters or full-year outlook

Result Drivers

  • REVENUE EXCEEDS GUIDANCE - Quantum estimates Q3 revenue of $72.7 mln, surpassing the high-end of its guidance range

  • OPERATING EXPENSES WITHIN RANGE - Preliminary Non-GAAP adjusted operating expenses of about $26.9 mln were within the provided guidance range

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Operating Expenses

$28.10 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the computer hardware peer group is "buy"

  • Wall Street's median 12-month price target for Quantum Corp is $11.00, about 46.9% above its January 14 closing price of $7.49

Press Release: ID:nBw2FkQTGa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment