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Quantum ( (QMCO) ) has issued an announcement.
Quantum Corporation announced the termination of its Revolving Credit Agreement with PNC Bank and settled all outstanding obligations, including an early termination fee of $1.2 million, on August 14, 2025. Additionally, the company is undergoing leadership changes as Lewis W. Moorehead, the Chief Financial Officer, resigned effective August 18, 2025, with Laura A. Nash stepping in as the Principal Financial Officer. The company is also finalizing a restatement of its financial statements for the fiscal third quarter ended December 31, 2024, expecting a $3.9 million decrease in revenue and net loss, aligning with previous disclosures.
The most recent analyst rating on (QMCO) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on Quantum stock, see the QMCO Stock Forecast page.
Spark’s Take on QMCO Stock
According to Spark, TipRanks’ AI Analyst, QMCO is a Neutral.
Quantum Corporation’s stock is currently rated low due to significant financial instability, poor cash flow management, and a challenging valuation environment. While technical indicators suggest a potential rebound from oversold conditions, and recent leadership changes are promising, the ongoing operational challenges, high debt levels, and negative earnings hinder its attractiveness.
To see Spark’s full report on QMCO stock, click here.
More about Quantum
Average Trading Volume: 1,653,604
Technical Sentiment Signal: Strong Sell
Current Market Cap: $49.28M
For an in-depth examination of QMCO stock, go to TipRanks’ Overview page.