STOCKS TELEGRAPH

Tag: QMCO stock price

  • Quantum (QMCO) Shares Climb As Company Unveils New Data Security Solution

    Quantum (QMCO) Shares Climb As Company Unveils New Data Security Solution

    Quantum Corporation (NASDAQ: QMCO) stock is on a significant uptick today after revealing its latest data protection solution. As of the latest market check, QMCO shares were surging by 32.42%, trading at $14.91. The spike follows the announcement of Quantum GO Refresh for the DXi T-Series, a new offering aimed at enhancing data security and recovery capabilities for enterprises.

    Introduction of Quantum GO Refresh for DXi T-Series

    The idea of its latest product, Quantum GO Refresh, is to give users greater options for their data security plans. This solution offers a full subscription model for the DXi T-Series all-flash backup appliances.

    Along with the extra advantage of frequent hardware upgrades as technology advances, this covers hardware, software, and support. The action is especially necessary as ransomware and other cyberattacks are becoming a bigger danger to businesses, making dependable and quick recovery options essential.

    A Flexible, Economical Subscription Model

    Quantum GO Refresh aims to make enterprise-grade data protection more accessible and predictable. By offering a pay-as-you-go subscription model, organizations can now avoid hefty upfront investments.

    With the guarantee that both software and hardware will be regularly updated, businesses instead have the freedom to grow their data protection solutions as needed. With this strategy, companies may concentrate on their expansion rather than on device lifecycles or unforeseen expenses.

    Improved Cyber Resilience and Streamlined Procurement

    The new solution addresses the limitations of traditional data protection methods, which often rely on cloud storage and HDD-based backup systems. These older systems are inefficient, slow to restore, and come with unpredictable networking and egress fees.

    Quantum GO Refresh, in contrast, offers a high-performance, on-premises solution with quick recovery times and immutable data copies stored on all-flash DXi T-Series systems. It promises a future-proof, low-cost solution that enhances cyber resilience and ensures business continuity.

    Quantum GO Refresh is now available through the company’s global network of resellers, with subscription agreements ranging from three to five years. The offering is expected to expand to other QMCO solutions later this year.

  • Pre-Hour Momentum Builds For Quantum Corporation (QMCO) Stock

    Pre-Hour Momentum Builds For Quantum Corporation (QMCO) Stock

    Quantum Corporation (NASDAQ: QMCO) shares saw a noteworthy 127.11% increase on the US stock charts during the last trading session, finishing at $9.13. With QMCO stock rising 32.75% to $12.12 in pre-market session as of the last check, momentum is still strong. This increase comes after Quantum’s most recent product, the DXi9200, a state-of-the-art data protection appliance designed to improve cyber resilience for big businesses, was announced.

    QMCO Strengthening Cyber Resilience

    The newest model in the DXi9000 Series from Quantum Corporation (QMCO), the DXi9200, combines flash and dense disk technology to provide a potent hybrid data protection solution. Designed for effective and scalable backup and recovery, the DXi9200 tackles ransomware and other growing cybersecurity threats. It is a vital tool for businesses protecting their data because of its capacity to offer proactive data protection, ongoing recovery validation, and quick data recovery.

    Key Features of the DXi9200

    The DXi9200 brings several significant advancements to the table. With highly optimized data reduction, replication, and cloud tiering, this appliance offers enterprise-grade backup solutions. Featuring flexible capacity-on-demand licensing and subscription-based service options, the DXi9200 dramatically lowers operational costs while improving IT efficiency. It is particularly suitable for disaster recovery, long-term data retention, and centralizing data protection in edge-core-cloud infrastructures.

    Scalable and Efficient Performance

    The DXi9200 series is recognized for its scalability, starting with an entry capacity of 110 TB, expandable in 55 TB increments up to 2.2 PB. The system also boasts up to 70x data reduction rates and integrated DXi Cloud Share tiering to public and private clouds, managing up to 462 PB of logical capacity. The appliance also adheres to the NIST Cybersecurity Framework, offering robust protection against cyber threats with secure data encryption, multi-factor authentication, and role-based access control.

    The DXi9200 sets a new standard for cost-effective, cyber-resilient data protection, integrating NVMe flash and dense hard disk technologies to double price/performance over its predecessors, reduce power consumption by 25%, and enhance overall system efficiency.

  • Quantum Corporation (QMCO) stock is moving down in aftermarket – Here’s what you should know

    Quantum Corporation (QMCO) saw a decrease of 29.90% in aftermarket following the announcement of Third Quarter Fiscal 2022 Results. However, the last trading session concluded at $4.95 with an increase of 5.10%.

    Third Quarter Fiscal 2022 Results – More About it

    QMCO announced Third Quarter Fiscal 2022 Results on 9th February 2022. The company recorded revenue of about $95.3 million with an incline of 2%. Moreover, the total operating expenses came out to be $42.4 million with selling and administrative expenses around $27.3 million. Furthermore, GAAP net loss recorded was $11.1 million. Last but not the least, the cash and cash equivalents are $4.3 million.

    Data-Intensive Autonomous Vehicle Research by QMCO – What’s up?

    On 5th January 2022, QMCO announced its contribution to the Center for Advanced Vehicular Systems (CAVS) at Mississippi State University (MSU) in boosting all-terrain autonomous vehicle research. Quantum R-Series Edge Storage, a high-performance is a ruggedized system designed for capturing enormous data volumes in edge locations. It will be used by CAVS to capture massive quantities of information. Moreover, vehicles that gather data are then analyzed and used in the CAVS data center to construct machine learning (ML) models.

    Furthermore, CAVS engineers can make data easily accessible to numerous development groups by combining the Quantum R-Series Edge Storage into a single storage platform. Technicians can help eliminate the memory magazine from the in-car backup system and slide it into a data center chassis, or they can use the 10-GbE network interface to offload the acquired vehicle data.

    Now what?

    Data is a critical component in enabling the automated car market’s continuous survival and prosperity. In addition, partnering with the CAVS team is a fantastic chance and would provide a data analysis solution that simplifies and streamlines the storage, movement, and analysis of crucial field data for the CAVS engineering team.

    About QMCO

    Quantum’s end-to-end platform is built on more than 40 years of the invention. Not only this but it is ideally positioned to organize, safeguard, and enrich data throughout its lifecycle. This further results in enhanced intelligence and actionable insights. Because data makes life better, safer, and smarter, leading companies in cloud services, entertainment, government, research, education, transportation, and business IT entrust Quantum with bringing their data to life.