Quantum (QTM +9%) pops after its FQ2 revenue easily beat estimates late yesterday on solid...

|About: Quantum Corporation (QTM)|By:, SA News Editor

Quantum (QTM +9%) pops after its FQ2 revenue easily beat estimates late yesterday on solid numbers across all units, with sales of its new 6701/2 series with DXi 2.0 coming in particularly strong. Gross margin increased 2% sequentially, primarily due to a shift in product mix toward disk and software. Separately, FBN upgrades the stock to Buy.