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May 6, 2015, 4:07 PM
- Quantum (NYSE:QTM): Q1 EPS of $0.06 beats by $0.02.
- Revenue of $147.79M (+15.5% Y/Y) beats by $6.26M.
Apr. 30, 2015, 3:35 PM
- With the Nasdaq down 1.8% amid an earnings season market selloff, major decliners are easily outnumbering major gainers.
- Notable decliners include action camera leader GoPro (GPRO -5.4%), privileged account protection software vendor CyberArk (CYBR -5.2%), ultracapacitor maker Maxwell (MXWL -5.1%), storage hardware vendor Quantum (QTM -5%), NAND flash controller/4G transceiver maker Silicon Motion (SIMO -5.6%), online video ad platform Tremor Video (TRMR -7%), and specialty foundry TowerJazz (TSEM -6.2%).
- GoPro is returning a chunk of yesterday's big post-earnings gains. Maxwell is down 20% since posting a Q1 miss and soft Q2 guidance a week ago. Silicon Motion, which initially rallied post-earnings, is now down 4% from where it traded before providing decent guidance to go with Q1 results that were in-line with a pre-announcement.
- Previously covered: Baidu, Yelp, Nokia, STMicroelectronics, Flextronics, Calix, MicroVision, Stratasys, Knowles/Audience, QuickLogic, WiLAN
- Notable gainers: Glu Mobile, ClickSoftware, OmniVision, AVG, Cypress, Neustar
Apr. 20, 2015, 3:12 PM
- With the Nasdaq up 1.3%, many tech companies are posting big gains, and only a few are seeing major losses.
- Notable gainers include audio codec chipmaker Cirrus Logic (CRUS +4%), gaming headset maker Turtle Beach (HEAR +11.4%), video processor developer Pixelworks (PXLW +6%), U.S. solar installer Vivint (VSLR +5.4%), CDN owner Limelight (LLNW +5.9%), cloud revenue management software firm ServiceSource (SREV +4.9%), language software firm Rosetta Stone (RST +4.6%), and storage hardware maker Quantum (QTM +5.3%).
- Notable decliners include craft goods marketplace/recent IPO Etsy (ETSY -8%) and touch sensor developer UniPixel (UNXL -12.2%).
- Cirrus, a major beneficiary of strong iPhone 6 sales, has made fresh 52-week highs; the company reports on April 28, a day after Apple. Beaten-down Turtle Beach is up 52% from an early April low of $1.85; new executive hires and product launches might be helping. Quantum (also making new 52-week highs) is up 38% since pre-announcing strong March quarter sales on April 9. Pixelworks reports on April 30.
- Etsy is now down 18% from last Thursday's post-IPO opening trade of $31.00, as investors balance strong growth and a fervently loyal user base with steep multiples; shares are still up 60% from their $16 IPO price. Likewise, UniPixel is down 18% since announcing a deal to buy Atmel's XSense touch sensor assets on Friday morning.
- Previously covered: Microsoft, Manhattan Associates, Ascent Solar, Check Point/FireEye, Rovi, FARO Technologies
Apr. 10, 2015, 12:45 PM
Apr. 10, 2015, 9:12 AM
Apr. 9, 2015, 6:13 PM
- Quantum (NYSE:QTM) states its FQ4 (March quarter) sales topped $145M, putting them well above guidance of $130M-$135M and a $131.2M consensus. EPS is believed to be at $0.06, above a $0.02 consensus.
- Branded revenue totaled $120M, with scale-out storage and related service revenue coming in at $30M (up more than $15M Y/Y). DXi (deduplication system) and related service revenue rose nearly 30% to $25M.
- CEO John Gacek: "With more than 100 percent year-over-year growth in scale-out storage revenue, we significantly increased our scale-out storage growth rate over the prior quarter ... and ended fiscal 2015 up more than 70 percent over the prior year ... Heading into fiscal 2016, we expect continued strong performance in both our scale-out storage and DXi product lines to deliver another year of growth for Quantum."
- He does caution FQ1 "will likely show the most modest year-over-year comparison." FQ1 guidance will be provided with Quantum's May 6 FQ4 report.
- Shares have soared to $2.00 AH, taking out a 52-week high of $1.83 along the way.
Mar. 6, 2015, 2:54 PM
- With the Nasdaq down 1.1%, major tech decliners are outpacing major gainers by a sound margin.
- Notable gainers include gaming headset maker Turtle Beach (HEAR +6.8%), Chinese data center owner 21Vianet (VNET +3.6%), wireless charging tech developer Energous (WATT +2.7%), Chinese online retailer LightInTheBox (LITB +5.6%), and solar microinverter maker Enphase (ENPH +5.9%).
- Notable decliners include ultracapacitor maker Maxwell (MXWL -6.6%), healthcare IT giant Cerner (CERN -3.8%), enterprise storage hardware vendor Quantum (QTM -6%), cloud SMB marketing software vendor Constant Contact (CTCT -4.6%), 3D measurement/imaging system maker FARO Technologies (FARO -5.4%), PC/mobile peripherals giant Logitech (LOGI -4.6%), and cloud security/compliance software vendor Qualys (QLYS -4.2%).
- Energous is up 12% over the last two trading days; its Q4 report arrives on Monday afternoon. Maxwell was up sharply yesterday on an insider buy. Cerner closed yesterday near an all-time high of $73.24.
- Previously covered: YY, Finisar/JDS Uniphase, Violin Memory, Crossroads, Skullcandy, Neustar, Synacor, CyberArk, Autohome/Bitauto, Wave Systems
Jan. 30, 2015, 4:23 PM
- Quantum's (NYSE:QTM) FQ4 revenue guidance of $130M-$135M is mostly above a three-analyst $130.2M consensus. However, EPS guidance is only at $0.01-$0.02 vs. a $0.02 consensus. A culprit: Gross margin is expected to drop to 43%-45% from FQ3's 46.2% (+270 bps Y/Y).
- Though FQ3 revenue ($142.1M) officially missed consensus, it was in-line with the guidance provided in the company's Jan. 13 warning, as was EPS.
- On the CC (transcript), CEO John Gacek stated FQ3 sales guidance "reflects momentum we have in scale-out storage and DXi, offset by uncertainty around OEM tape [storage] and foreign currency risks." He added Quantum has "multiple large deals and new partnerships that are difficult to forecast at this point."
- The company has also announced it's buying back $50M worth of convertible senior notes due 2015 using cash. Quantum ended 2014 with $107M worth of cash/equivalents, and $204M in convertible debt.
- FQ3 results, PR
Jan. 29, 2015, 4:11 PM
- Quantum (NYSE:QTM): FQ3 EPS of $0.04 in-line.
- Revenue of $142.06M (-2.7% Y/Y) misses by $4.08M.
- Shares +2.42%.
Jan. 13, 2015, 7:21 PM
- Quantum (NYSE:QTM) expects to report FQ3 revenue of $142M, below prior guidance of $145M-$150M and a $148.4M consensus. EPS is expected to come in at $0.04, in-line with guidance and consensus.
- Quantum blames the revenue shortfall on a 31% Y/Y drop in revenue from OEM tape automation hardware partners. Total OEM revenue was $15M (12% of non-royalty revenue).
- Branded revenue rose 2% Y/Y to $116M - scale-out storage and related service revenue rose 80% to $27M, while DXi (storage deduplication system) and related service revenue rose 4% to $24M.
- Full FQ3 results are due on Jan. 29.
Dec. 5, 2014, 9:10 AM
Oct. 29, 2014, 4:25 PM
- Quantum (NYSE:QTM): FQ2 EPS of $0.03 beats by $0.02.
- Revenue of $135.1M (+1.3% Y/Y) beats by $1.37M.
- Shares +0.88%.
Oct. 13, 2014, 4:18 PM
- Quantum (NYSE:QTM) expects FQ2 revenue of $135M (+3% Y/Y), the high end of a prior $130M-$135M range. Consensus is at $132.6M.
- Branded product revenue rose 6% Y/Y to $107M, fueled by 50% and 11% respective increases in sales of scale-out storage and deduplication products. Quantum has been counting on higher sales of scale-out and deduplication systems to offset weak sales of tape and media products.
- Full FQ2 results arrive on Oct. 29.
Jul. 23, 2014, 4:17 PM
- Quantum (NYSE:QTM): FQ1 EPS of $0.01 beats by $0.01.
- Revenue of $128.12M (-13.4% Y/Y) beats by $0.16M.
Jul. 22, 2014, 5:35 PM
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May 7, 2014, 4:41 PM
- Quantum Corporation (QTM): FQ4 EPS of -$0.01 in-line.
- Revenue of $128M (-8.5% Y/Y) beats by $0.5M.
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