Quantum is trading 10.49% up now at $21.43, as investors continued reacting to August 11 earnings and above-consensus fiscal Q2 revenue guidance.
- August 11 results showed $80.8 million revenue, positive adjusted earnings, debt elimination, and a return to non-GAAP profitability.
- Management guided for approximately $82 million in fiscal Q2 revenue, above consensus.
- Reported volume was 16.54 million shares versus a 2.61 million average.