Added to YB: 2026-10-13
Pitch date: 2026-10-10
QMCO [bearish]
Quantum Corporation
+26.54%
current return
Author Info
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Company Info
Quantum Corporation provides data management solutions for unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
Market Cap
$1.2B
Pitch Price
$29.41
Price Target
6.40 (-70%)
Dividend
N/A
EV/EBITDA
225.11
P/E
-2.02
EV/Sales
3.90
Sector
Technology Hardware, Storage and Peripherals
Category
value
Quantum (QMCO): The Tape Runs Out
QMCO (short): Quantum is a lumpy tape-library hardware vendor trading near a decade-high ~4x EV/sales versus 1-2x for comps; a 2x base-case multiple as growth slows implies 49% downside. Revenue mix and customer concentration resemble FY2023 before revenue collapsed, while HDD-overflow demand should fade toward FY29. Dialectic/PIPE selling and equity issuance are potential catalysts; sustained LTO demand, another hyperscaler win and tight-float squeeze risk challenge the short.
Read full article (8 min)