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
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(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.)