Zacks Investment Research downgraded shares of Qumu (NASDAQ:QUMU) from a buy rating to a hold rating in a report published on Wednesday.
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. “
NASDAQ QUMU traded up $0.08 on Wednesday, hitting $2.68. 37,309 shares of the stock were exchanged, compared to its average volume of 33,057. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.84. Qumu has a fifty-two week low of $1.42 and a fifty-two week high of $3.28. The stock has a market capitalization of $25.73 million, a PE ratio of -2.51 and a beta of -0.93.
Qumu (NASDAQ:QUMU) last posted its quarterly earnings results on Wednesday, August 1st. The technology company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.10. Qumu had a negative net margin of 42.60% and a negative return on equity of 123.32%. The company had revenue of $7.63 million during the quarter. On average, equities research analysts expect that Qumu will post -0.77 earnings per share for the current fiscal year.
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.
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