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Quantum Corp (QTM)

QTM on New York Consolidated

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20 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Quantum Corp board appoints Raghu Rau as executive chairman
Thursday, 31 Aug 2017 04:15pm EDT 

Aug 31 (Reuters) - Quantum Corp :Quantum Corporation board appoints Raghu Rau as executive chairman.Quantum Corp - ‍Appointed current Chairman Raghu Rau to serve as executive chairman on a temporary basis​.Quantum Corp - ‍Board has formed a strategy committee to help implement company's previously announced "transformation initiative"​.Quantum Corp - ‍Formed a strategy committee to assess and act on recommendations of Alixpartners​.  Full Article

Quantum Corp's purchases of November 2017 convertible notes now total approximately $13 mln
Thursday, 24 Aug 2017 08:00am EDT 

Aug 24 (Reuters) - Quantum Corp :Quantum Corp's purchases of November 2017 convertible notes now total approximately $13 million.Company also confirms plans to redeem remaining $57 million convertible notes with existing resources.  Full Article

Quantum Corp Board unanimously elects Raghu Rau as Chairman
Monday, 14 Aug 2017 09:08am EDT 

Aug 14 (Reuters) - Quantum Corp :Quantum Corporation Board unanimously elects Raghu Rau as chairman.Says Gregg Powers resigned from the Board.Quantum Corp - Raghu Rau as chairman is succeeding Paul Auvil, who will remain on Board​.Quantum Corp - Co has signed LOI to engage Alixpartners to help Co "Identify and deliver financial improvements".  Full Article

Quantum reports Q1 loss per share of $0.11
Wednesday, 9 Aug 2017 04:15pm EDT 

Aug 9 (Reuters) - Quantum Corp :Quantum corporation reports fiscal first quarter 2018 results.Q1 non-GAAP earnings per share $0.04.Q1 revenue $116.9 million versus I/B/E/S view $119.4 million.Q1 earnings per share view $0.05 -- Thomson Reuters I/B/E/S.Qtrly GAAP net loss of $0.11 per diluted share.Sees Q2 2018 total revenue of $120 million to $125 million.Sees FY total revenue of $515 million to $525 million.Sees FY GAAP and non-GAAP earnings per share above levels achieved in fiscal 2017.Sees Q2 GAAP loss per share of $0.06 to breakeven; sees Q2 non-GAAP earnings of $0.01 to $0.05 per diluted share.Q2 earnings per share view $0.20, revenue view $137.5 million -- Thomson Reuters I/B/E/S.FY2018 earnings per share view $0.63 -- Thomson Reuters I/B/E/S.  Full Article

Quantum reports fourth quarter results
Wednesday, 10 May 2017 04:15pm EDT 

May 10 (Reuters) - Quantum Corp :Quantum Corporation reports fiscal fourth quarter and full year 2017 results.Q4 gaap loss per share $0.06.Q4 revenue $120.8 million versus I/B/E/S view $122.6 million.Q4 earnings per share view $0.03 -- Thomson Reuters I/B/E/S.Quantum corp - qtrly adjusted earnings per share $0.05.  Full Article

Viex Capital, affiliates entered into settlement agreement with Quantum Corp
Friday, 3 Mar 2017 09:19am EST 

Viex Capital Advisors LLC: Viex Capital Advisors LLC - on March 2, Viex Capital Advisors and its affiliates entered into settlement agreement with Quantum Corp . Viex Capital Advisors-pursuant to settlement agreement, Quantum's board agreed to decrease board size to seven from nine following annual meeting on Mar 31 . Viex Capital Advisors - Viex,Quantum agreed to nominate Paul Auvil Gregg Powers, Clifford Press, Raghu Rau, Jon Gacek, David Roberson and John Mutch for election . Viex Capital Advisors-as part of settlement, Quantum agreed to form search committee to assist in recruiting and appointing three new independent directors .Viex Capital Advisors reports 10.9 percent stake in Quantum Corp as of March 2 - SEC filing.  Full Article

Quantum Corp reports Q3 earnings per share $0.02
Wednesday, 25 Jan 2017 04:15pm EST 

Quantum Corp - : Seees Q4 total revenue of $120 million to $125 million . Quantum Corporation reports fiscal third quarter 2017 results . Q3 non-gaap earnings per share $0.02 . Q3 gaap earnings per share $0.02 . Q3 revenue $133.5 million versus I/B/E/S view $133 million . Q3 earnings per share view $0.03 -- Thomson Reuters I/B/E/S . Sees Q4 gaap loss per share of $0.01 and non-gaap earnings per share of $0.00 . Sees 2017 total revenue of $505 million to $510 million, an increase over its initial guidance .Sees 2017 gaap earnings per share of $0.01 to $0.02 and non-gaap earnings per share of $0.04 to $0.05, respectively.  Full Article

Quantum sees Q3 GAAP net income of about $6 mln - $7 mln
Thursday, 12 Jan 2017 08:00am EST 

Quantum Corp : Quantum announces positive preliminary fiscal third quarter 2017 results . Quantum Corp sees Q3 GAAP net income of about $6 million to $7 million, or $0.02 per diluted share . Quantum Corp - company currently expects total revenue of approximately $133 million for fiscal Q3 2017, up from $128 million in fiscal Q3 2016 .Quantum Corp sees Q3 non-GAAP net income of $7 million to $8 million, or $0.03 per diluted share.  Full Article

BRIEF-Quantum announces preliminary Q2 results and update on new financing package
Thursday, 6 Oct 2016 08:00am EDT 

Corrects first bullet to say company expects to report Q2 revenue in the range of $132 mln-$134 mln, not $134 mln.$134 mln, not $134 mln) Oct 6 (Reuters) - Quantum Corp : Expects to report Q2 revenue of $132 million-$134 million versus I/B/E/S view $119.9 million . Quantum announces preliminary fiscal second quarter 2017 revenue Of $132 million-$134 million, up 13-15 percent year-over-year, with over 50 percent growth In scale-out storage . Expects to be breakeven on both a diluted GAAP and diluted non-GAAP basis in Q2 .Made progress toward completion of a new financing package to refinance existing credit line.  Full Article

Soros Fund Management reports 5.27 pct passive stake in Quantum
Friday, 29 Jul 2016 05:34pm EDT 

Quantum Corp :Soros Fund Management Llc reports 5.27 pct passive stake in Quantum Corp as of July 22, 2016 - SEC filing.  Full Article

BRIEF-Quantum Corp board appoints Raghu Rau as executive chairman

* Quantum Corporation board appoints Raghu Rau as executive chairman