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Quantum Corporation (QTM)

- NYSE
  • Oct. 7, 2013, 2:05 PM
    • DealReporter states Quantum (QTM +5%) has has received a buyout offer, and has initiated a sale process in response.
    • Activist investor Starboard Value has reportedly been pressuring the low-end storage hardware/software vendor to evaluate ts options. Starboard took a double-digit stake in Quantum last year, and secured a board seat five months ago.
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  • Nov. 28, 2011, 10:39 AM
    CommVault (CVLT +7.9%) joins Quantum (QTM +7.1%) in taking off on speculation NetApp (NTAP +3.5%) might bid for the company. Though unlike Quantum, which sports a price/sales ratio of just 0.8, CommVault wouldn't come cheap: the storage software vendor, which has been taking share from Symantec (SYMC) in major enterprise accounts, has a trailing P/E of 51.
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  • Nov. 28, 2011, 8:10 AM
    Quantum (QTM) jumps 9.4% higher premarket after talk about an acquisition from NetApp (NTAP) picks up. Janney analyst Bill Choi says the competitive environment has pushed NTAP to the point it needs a "complete solution set" if it hopes to gain more customers.
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Company Description
Quantum Corp provides storage, archive and data protection solutions for capturing, sharing, and preserving digital assets over the entire data lifecycle.
Sector: Technology
Country: United States