Qumu Corporation (NASDAQ:QUMU) Issues FY17 Earnings Guidance
Qumu Corporation (NASDAQ:QUMU) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of ($0.87-1.02) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.74). The company issued revenue guidance of $31-34 million, compared to the consensus revenue estimate of $31.18 million.Qumu Corporation also updated its Q3 guidance to ($0.16-0.21) EPS.
Separately, Zacks Investment Research lowered Qumu Corporation from a hold rating to a sell rating in a report on Wednesday, May 3rd.
Shares of Qumu Corporation (NASDAQ:QUMU) traded down 7.32% during mid-day trading on Friday, reaching $2.66. The company had a trading volume of 8,038 shares. The company’s 50-day moving average price is $2.76 and its 200-day moving average price is $2.62. The company’s market capitalization is $24.88 million. Qumu Corporation has a 52-week low of $1.80 and a 52-week high of $3.77.
Qumu Corporation (NASDAQ:QUMU) last announced its quarterly earnings data on Tuesday, August 1st. The technology company reported ($0.28) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.32) by $0.04. The business had revenue of $6.65 million during the quarter, compared to analyst estimates of $7.06 million. Qumu Corporation had a negative net margin of 29.95% and a negative return on equity of 53.09%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.46) earnings per share. On average, analysts forecast that Qumu Corporation will post ($0.96) earnings per share for the current fiscal year.
An institutional investor recently raised its position in Qumu Corporation stock. Northern Trust Corp raised its stake in Qumu Corporation (NASDAQ:QUMU) by 9.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,745 shares of the technology company’s stock after buying an additional 3,144 shares during the period. Northern Trust Corp owned approximately 0.38% of Qumu Corporation worth $104,000 as of its most recent SEC filing. 25.55% of the stock is owned by hedge funds and other institutional investors.
Qumu Corporation Company Profile
Qumu Corporation (Qumu) is an enterprise video content management software company. The Company is engaged in providing tools businesses need to create, manage, secure, deliver and measure their videos. The Company operates through the enterprise video content management software business segment. Its video content management software solutions allow organizations to create, capture, organize and deliver content across the extended enterprise to a range of end points, including mobile devices and thick or thin clients.
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