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Enter Symbol:
 
Quantum Corporation (QTM) [hlAlert]

Rating:
Buy QTM
down 58.20 %

Quantum Corporation (QTM) rated Buy with price target $3.50 by Needham

Posted on: Thursday,  Nov 5, 2009  8:25 AM ET by Needham

Needham rated Buy Quantum Corporation (NYSE: QTM) on 11/05/2009. Previously Needham rated Buy Quantum Corporation (NYSE: QTM) on 08/02/2007., when
the stock price was $2.68. Since then, Quantum Corporation has lost 58.21% as of 12/04/2015's recent price of $1.12.
If you would have followed the previous Needham's recommendation on QTM, you would have lost 58.2% of your investment in 3046 days.

Quantum Corporation (Quantum) is a global storage company specializing in backup, recovery, and archive solutions. The Company provides an integrated range of disk, tape, and software solutions. Quantum?s solutions are designed to provide information technology (IT) departments in a variety of organizations with tools for protecting, retaining, and accessing their digital assets. The Company sells its products via its branded channels and through original equipment manufacturers (OEMs), such as Dell, Inc. (Dell), EMC Corporation (EMC), Hewlett-Packard Company (HP), International Business Machines Corporation (IBM), and Sun Microsystems, Inc. (Sun). Quantum divides its products into three categories: tape automation systems, disk based backup systems and data management software, and devices and media. The devices and media category includes removable disk drives, standalone tape drives, and media products.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/5/2009 8:25 AM Buy
None
2.48 3.50
as of 12/31/2009
1 Week up  28.71 %
1 Month up  59.83 %
3 Months up  209.52 %
1 YTD up  983.33 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/24/2008 9:25 AM Buy
None
2.44 4.00
10/25/2007 9:25 AM Buy
None
3.95 4.75
8/2/2007 9:25 AM Buy
None
2.68 3.75

(*) Stock Price at the time of the recommendation.
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