NEWS Limelight:- Quantum Corp. (NYSE:QTM)

Quantum Corp. (NYSE:QTM) reported change of -0.58% to $3.43 with the recent traded volume of 124080 shares in last trading session compared to an average volume of 194.41K. The stock was down over last five days period with -5.77%. The one month performance of stock was -12.50%. QTM shares are at -6.28% for the quarter and driving a -59.65% return over the course of the past year and is now at -39.08% since this point in 2018.

The stock beta value is 2.32. The average volatility for the week and month was at 6.98% 5.11% respectively. The company holds 34.07M shares outstanding and 33.05M shares are floated in market.

Quantum Corp. (NYSE:QTM) today reported that Michael Dodson as its Chief Financial Officer and interim CEO effective May 31, 2018. Dodson replaces current CFO Fuad Ahmad and will serve as interim CEO replacing Patrick Dennis, who has resigned his position to focus on pressing family matters. The Board is conducting an active search to select a permanent CEO.

In his new role, Dodson will lead Quantum’s ongoing business transformation and cost savings initiatives and will drive the company to complete its highest priority of achieving sustained profitability while continuing to deliver top storage solutions and services to its customers.

A seasoned finance professional, Dodson brings a broad range of expertise to Quantum, including strong accounting credentials, a proven record of improving profitability and cash generation and deep experience with capital markets. Dodson began his career with Ernst and Young in the San Jose, California office, where he served a number of global public technology companies, including several companies in the data storage space. He has also served as CFO for five public global technology companies including Mattson Technology, DDi and ESI.

Raghu Rau, Chairman of Quantum said “I wish to thank Patrick and Fuad for their service and welcome Michael to Quantum”. “Michael brings a solid foundation in accounting, financial reporting and internal control procedures, and has had a very successful track record as the CFO of several public technology companies. We believe he possesses the right skill sets to significantly improve Quantum’s financial performance for the benefit of all shareholders.”

Shares of Quantum Corporation have been recently spotted trading -60.76% off of the 52-week high price. On the other end, company shares have been noted 12.09% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 3.06 – 8.74. Switching over to some distances from popular moving averages, we see that the stock has been recorded -8.26% away from the 50 day moving average and -30.33% away from the 200 day moving average. Moving closer, we can see that shares have been trading -6.95% off of the 20-day moving average. 1150 employees work in the Company. It has market cap of $116.86M.

Category – Technology

Grady Lawley is a blogger and press writer, has worked on topics like earnings reports, hot stocks and market news. He is an experienced professional with 10+ years in research, analysis and reporting. He enjoys taking complex ideas and translating them into content aimed at the general public. He has personal interests in health, fitness, animal care, gardening, travel, world politics, and current social issues, but always willing to learn something new. Grady has a Masters in Applied Finance and Investment. He specializes in income trading using options, is very conservative in his style and believes patience in waiting for the best setups is the key to successful trading. He covers articles for Technology category.

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