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Stock Market & Financial Investment News

News Breaks
August 7, 2014
16:34 EDTQTMQuantum acquires Symform cloud services platform and development team
Quantum announced that it has acquired Symform's cloud storage services platform, which is currently used by 45,000 individual users and small businesses in 170 countries. Quantum is committed to maintaining the service for existing Symform customers and also plans to leverage the technology to expand Quantum's cloud software capabilities and service offerings in data protection and scale-out storage. In addition, the company has hired Symform's development team, including CTO and co-founder Bassam Tabbara, to help build out these offerings. Quantum has completed the Symform transaction and does not expect it to impact the company's non-GAAP annual financial guidance for the current fiscal year.
News For QTM From The Last 14 Days
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October 14, 2014
09:13 EDTQTMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Johnson & Johnson (JNJ), up 1%... Dominos Pizza (DPZ), up 2.7%. ALSO HIGHER: Citigroup (C), up 2.5% following earnings report, announcement of plans to exit consumer businesses in 11 markets... MagneGas (MNGA), up 14% after signing Letter of Intent with Pioneer Recycling... Skyworks (SWKS), up 6% after raising its outlook for Q4. Shares of peers Avago (AVGO), NXP Semiconductors (NXPI) and RF Micro Devices (RFMD) are also moving higher in pre-market trading after Skyworks pointed to "broad-based strength" of its business in raising its outlook... Halcon Resources (HK), up 6% after upgraded at KLR Group... Quantum (QTM), up 8.8% after issuing Q2 earnings guidance. LOWER: Wells Fargo (WFC), down 1.4% after reporting in-line Q3 earnings... JPMorgan (JPM), down 1.8% after Q3 headline earnings miss... Las Vegas Sands (LVS), down 1% following downgrade at BofA Merrill Lynch.
October 13, 2014
16:08 EDTQTMQuantum sees Q2 revenue of approximately $135M, consensus $132.6M.
Sees total revenue of approximately $135M, at the top of Quantum's July guidance range of $130M to $135M, and a three percent increase over the same period last year; Branded revenue of approximately $107M, up six percent year-over-year driven by over 50% growth in scale-out storage revenue and 11% growth in revenue from DXi deduplication sales; and continued improvement in profitability as the result of revenue growth and greater operational efficiencies. "These strong preliminary second quarter results demonstrate the success we're seeing in the market and the increased leverage we've driven in our business over the last 18 months," said Jon Gacek, president and CEO of Quantum. "During this time we've made several strategic improvements to our operating model while continuing to invest in products that not only generate higher levels of profit and cash flow but also deliver strong revenue growth.

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