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Lake Street analyst Jacob Stephen maintains Quantum (NASDAQ:QMCO) with a Buy and raises the price target from $20 to $24.
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Filed: 2026-09-28 AccNo: 0001628280-26-063661 Size: 247 KB Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers Item 8.01: Other Events Item 9.01: Financial Statements and Exhibits
U.S. stocks rose Friday; Akamai jumped 8.1% on an $11.6B Anthropic cloud deal, while Atlas Energy, Almonty and others posted strong gains.
Nasdaq fell 150+ points, while Everpure jumped 14% after unveiling growth plans and a FY2028 outlook; other stocks also gained.
Quantum Corporation (QMCO) shares have surged 322.3% in six months, driven by strong enterprise demand for ActiveScale and tape storage solutions. The company reported 25.7% revenue growth to $80.8 million in fiscal Q1, with expanding tape adoption and improving margins. However, supply constraints, particularly for tape drives, limit near-term revenue conversion, with Q2 guidance at approximately $82 million.