logo
Securities Fraud Investigation Into Quantum Corporation (QMCO) Announced – Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm

Securities Fraud Investigation Into Quantum Corporation (QMCO) Announced – Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm

Business Wire3 days ago
LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Quantum Corporation ('Quantum' or the 'Company') (NASDAQ: QMCO) investors concerning the Company's possible violations of the federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON QUANTUM CORPORATION (QMCO), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
What Happened?
On June 30, 2025, Quantum disclosed that it would be unable to timely file its annual financial report for the fiscal year 2025 as it is 'reviewing its accounting related to certain revenue contracts as well as the application of standalone selling price under applicable accounting standards.'
On this news, Quantum's stock price fell as much as 15% during after-hours trading on June 30, 2025, thereby injuring investors.
Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
Charles Linehan, Esq.,
Glancy Prongay & Murray LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: shareholders@glancylaw.com
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.
Whistleblower Notice
Persons with non-public information regarding Quantum should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email shareholders@glancylaw.com.
About Glancy Prongay & Murray LLP
Glancy Prongay & Murray LLP ('GPM') is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. GPM has been consistently ranked in the Top 50 Securities Class Action Settlements by ISS Securities Class Action Services. In 2018, GPM was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements.
With four offices across the country, GPM's nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPM's lawyers have handled cases covering a wide spectrum of corporate misconduct and relating to nearly all industries and sectors. GPM's past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron's, Investor's Business Daily, Forbes, and Money.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

This Growth Stock Has Skyrocketed 225,000% -- and It's Still a Screaming Buy
This Growth Stock Has Skyrocketed 225,000% -- and It's Still a Screaming Buy

Yahoo

timean hour ago

  • Yahoo

This Growth Stock Has Skyrocketed 225,000% -- and It's Still a Screaming Buy

Amazon has taken investors on a wild, but exciting ride, since its IPO in 1997. Today, Amazon reigns as the leader in e-commerce and cloud services, while expanding into new markets. This stock remains a screaming buy because of its huge growth opportunities. 10 stocks we like better than Amazon › Imagine investing $1,000 in a stock that seems to have a lot of promise. You watch the stock move higher, then lower, then higher again. However, you remain steadfast throughout the volatility and hang on for the ride. Twenty-eight years go by. You look at your brokerage account to find that your initial $1,000 investment is now worth nearly $2.25 million. This isn't a pie-in-the-sky scenario. Anyone who bought $1,000 worth of Amazon's (NASDAQ: AMZN) shares at its initial public offering on May 15, 1997, and never sold would indeed be a multimillionaire today. This stock has increased by a staggering 225,000% -- and it's still a screaming buy. To say that Amazon has taken investors on a rollercoaster ride is an understatement. The stock delivered a gain of more than 2,600% in its first 19 months on the market. By the end of 1999, Amazon was up nearly 3,800%. The good times didn't last. Between late 1999 and late 2001, Amazon lost roughly 90% of its market cap as the dot-com bubble burst. However, the company had already planted the seeds of its future success by expanding beyond books into DVDs, music, gift items, home improvement products, software, and video games. During the first few years of the 21st century, Amazon added more products to its e-commerce platform. Amazon's share price steadily rebounded, too. The company had one of its most pivotal years ever in 2006 with its launch of Amazon Web Services (AWS). It didn't take long for AWS to become Amazon's biggest growth engine. The stock's spectacular gains following the market meltdown in 2008 and 2009 were largely due to AWS' explosive growth. Amazon's e-commerce business also enjoyed a major surge due to the COVID-19 pandemic. Today, Amazon sells nearly everything online (including cars, through its partnership with Hyundai). The company is the undisputed 800-pound gorilla of e-commerce with a U.S. market share of 37.6%. Its nearest rival, Walmart, has a market share of only 6.4%. AWS also dominates the cloud services market. In the first quarter of 2025, Amazon's cloud unit claimed a market share of 29%. Microsoft held the No. 2 spot, with a market share of 22%. Granted, AWS is growing more slowly than some of its rivals these days. However, it's still delivering strong growth, with revenue jumping 17% year over year in Q1. Amazon is arguably focusing more on its bottom line than ever before. Its profits soared 64% year over year in Q1 to $17.1 billion. Technology, especially the use of artificial intelligence (AI) and robotics, is helping the company boost its profitability. As it has in the past, Amazon also continues to move into new markets. It expanded into healthcare with the launch of Amazon Pharmacy in 2020 and the acquisition of primary care chain One Medical in 2023. Amazon plans to begin offering a satellite internet service later this year once all of its Project Kuiper satellites are in orbit. Sure, Amazon's share price is basically flat so far in 2025. However, I think the stock is still a screaming buy for three key reasons. First, AI presents a massive growth opportunity for AWS. Despite impressive advances, we're still only in the early innings of the AI transformation. In particular, agentic AI could spur tremendous growth in demand for AWS. I also expect Amazon's internal use of AI will continue to drive higher profitability. Second, Amazon's e-commerce growth story isn't over. CEO Andy Jassy correctly noted in the company's October 2024 earnings call that Amazon has only around 1% of the global retail market. He predicted that much of the retail business currently conducted in physical stores will move online over the next 10 to 20 years. I suspect that he's right. Third, a statement that Amazon founder Jeff Bezos made years ago is still true: "Your margin is my opportunity." I predict that Amazon will continue to disrupt other markets thanks to its innovation and scale of operations. Will Amazon deliver a 228,000% return over the next 28 years? Probably not. However, I think this stock will make patient investors a lot of money. Before you buy stock in Amazon, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Amazon wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $692,914!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $963,866!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Keith Speights has positions in Amazon and Microsoft. The Motley Fool has positions in and recommends Amazon, Microsoft, and Walmart. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. This Growth Stock Has Skyrocketed 225,000% -- and It's Still a Screaming Buy was originally published by The Motley Fool

Positive week for OmniAb, Inc. (NASDAQ:OABI) institutional investors who lost 47% over the past year
Positive week for OmniAb, Inc. (NASDAQ:OABI) institutional investors who lost 47% over the past year

Yahoo

timean hour ago

  • Yahoo

Positive week for OmniAb, Inc. (NASDAQ:OABI) institutional investors who lost 47% over the past year

Institutions' substantial holdings in OmniAb implies that they have significant influence over the company's share price 51% of the business is held by the top 11 shareholders Insiders have been buying lately We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Every investor in OmniAb, Inc. (NASDAQ:OABI) should be aware of the most powerful shareholder groups. We can see that institutions own the lion's share in the company with 49% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. After a year of 47% losses, last week's 14% gain would be welcomed by institutional investors as a possible sign that returns might start trending higher. Let's take a closer look to see what the different types of shareholders can tell us about OmniAb. Check out our latest analysis for OmniAb Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. We can see that OmniAb does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at OmniAb's earnings history below. Of course, the future is what really matters. It looks like hedge funds own 6.0% of OmniAb shares. That worth noting, since hedge funds are often quite active investors, who may try to influence management. Many want to see value creation (and a higher share price) in the short term or medium term. Looking at our data, we can see that the largest shareholder is Avista Healthcare Partners with 13% of shares outstanding. With 6.6% and 6.0% of the shares outstanding respectively, Janus Henderson Group plc and Whitefort Capital Management, LP are the second and third largest shareholders. In addition, we found that Matthew Foehr, the CEO has 2.8% of the shares allocated to their name. Looking at the shareholder registry, we can see that 51% of the ownership is controlled by the top 11 shareholders, meaning that no single shareholder has a majority interest in the ownership. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Shareholders would probably be interested to learn that insiders own shares in OmniAb, Inc.. It has a market capitalization of just US$236m, and insiders have US$12m worth of shares, in their own names. It is good to see some investment by insiders, but it might be worth checking if those insiders have been buying. With a 27% ownership, the general public, mostly comprising of individual investors, have some degree of sway over OmniAb. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. With a stake of 13%, private equity firms could influence the OmniAb board. Some investors might be encouraged by this, since private equity are sometimes able to encourage strategies that help the market see the value in the company. Alternatively, those holders might be exiting the investment after taking it public. It's always worth thinking about the different groups who own shares in a company. But to understand OmniAb better, we need to consider many other factors. For instance, we've identified 1 warning sign for OmniAb that you should be aware of. Ultimately the future is most important. You can access this free report on analyst forecasts for the company. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

3 Value Stocks with Mounting Challenges
3 Value Stocks with Mounting Challenges

Yahoo

timean hour ago

  • Yahoo

3 Value Stocks with Mounting Challenges

Value stocks typically trade at discounts to the broader market, offering patient investors the opportunity to buy businesses when they're out of favor. The key risk, however, is that these stocks are usually cheap for a reason – five cents for a piece of fruit may seem like a great deal until you find out it's rotten. Separating the winners from the value traps is a tough challenge, and that's where StockStory comes in. Our job is to find you high-quality companies that will stand the test of time. That said, here are three value stocks with poor fundamentals and some alternatives you should consider instead. Forward P/S Ratio: 1.8x Founded in 2000 with the idea that network security comes before endpoint security, Rapid7 (NASDAQ:RPD) provides software as a service that helps companies understand where they are exposed to cyber security risks, quickly detect breaches and respond to them. Why Are We Out on RPD? Products, pricing, or go-to-market strategy may need some adjustments as its 4.6% average billings growth over the last year was weak Estimated sales growth of 2% for the next 12 months implies demand will slow from its three-year trend Capital intensity will likely ramp up in the next year as its free cash flow margin is expected to contract by 2.4 percentage points At $24.03 per share, Rapid7 trades at 1.8x forward price-to-sales. To fully understand why you should be careful with RPD, check out our full research report (it's free). Forward P/E Ratio: 12.1x Founded by two brothers from Texas, YETI (NYSE:YETI) specializes in durable outdoor goods including coolers, drinkware, and other gear tailored to adventure enthusiasts. Why Are We Hesitant About YETI? Muted 7.1% annual revenue growth over the last two years shows its demand lagged behind its consumer discretionary peers Estimated sales growth of 3.2% for the next 12 months implies demand will slow from its two-year trend Eroding returns on capital suggest its historical profit centers are aging YETI's stock price of $32.75 implies a valuation ratio of 12.1x forward P/E. If you're considering YETI for your portfolio, see our FREE research report to learn more. Forward P/E Ratio: 13.1x Listed on the NYSE in 1947, Textron (NYSE:TXT) provides products and services in the aerospace, defense, industrial, and finance sectors. Why Does TXT Worry Us? Organic sales performance over the past two years indicates the company may need to make strategic adjustments or rely on M&A to catalyze faster growth Projected sales growth of 6.7% for the next 12 months suggests sluggish demand Free cash flow margin shrank by 5.2 percentage points over the last five years, suggesting the company is consuming more capital to stay competitive Textron is trading at $82.23 per share, or 13.1x forward P/E. Check out our free in-depth research report to learn more about why TXT doesn't pass our bar. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store