Qumu (QUMU) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of Qumu (NASDAQ:QUMU) from a hold rating to a buy rating in a research note published on Wednesday. The brokerage currently has $2.25 price target on the technology company’s stock.
According to Zacks, “Qumu Corp. provides enterprise video solutions. The company offers a media appliance for video creation and distribution, an enterprise video platform to manage process stages in a video’s lifecycle, a solution to manage and deliver live Webcasts and digital signage software to deliver corporate video communications and other content to displays in reception areas, lobbies, lunchrooms, waiting areas and other gathering places. It serves financial services, communications, manufacturing, and professional services markets. Qumu Corp., formerly known as Rimage Corporation, is based in Minneapolis, United States. “
Separately, LADENBURG THALM/SH SH reissued a hold rating on shares of Qumu in a research report on Friday, November 9th.
Qumu (NASDAQ:QUMU) last announced its quarterly earnings data on Wednesday, October 31st. The technology company reported ($0.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.37). Qumu had a negative net margin of 27.26% and a negative return on equity of 80.49%. The business had revenue of $5.65 million during the quarter. On average, equities research analysts forecast that Qumu will post -0.79 earnings per share for the current fiscal year.
In other news, major shareholder Harbert Discovery Fund Gp, Llc purchased 47,193 shares of the company’s stock in a transaction on Friday, November 9th. The stock was acquired at an average price of $2.52 per share, with a total value of $118,926.36. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 15.00% of the company’s stock.
Qumu Company Profile
Qumu Corporation provides tools to create, manage, secure, distribute, and deliver live and on-demand video content for the enterprises. It offers Qumu Qx Enterprise Video Platform, an end-to-end video creation, management, and delivery solution through the sale of software licenses and hardware, software on server appliance, software-enabled devices, and a cloud-hosted software-as-a-service platform.
Recommended Story: Stock Symbols, CUSIP and Other Stock Identifiers
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Qumu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qumu and related companies with MarketBeat.com's FREE daily email newsletter.