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

July 10, 2012 9:28 AM EDT
Get Alerts QTM Hot Sheet
Price: $1.62 --0%

Rating Summary:
    3 Buy, 3 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 12 | Down: 21 | New: 20
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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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