Craig-Hallum, FBN Downgrade Quantum (QTM) Amid Prelim. Q1 Results

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A number of firms downgraded shares of Quantum (NYSE: QTM) following preliminary first-quarter results which came in below the Street. The stock last traded down just 0.5 percent, however the bid/ask suggests a much lower open.

Analysts at Craig-Hallum and FBN Securities reduced their investment recommendations on Quantum to Hold and Sector Perform, respectively.

Visit our Analyst Ratings page to track all the market-moving analyst calls on shares of Quantum following the concerning guidance.

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