Qumu Corporation (NASDAQ:QUMU) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of ($0.16-0.21) for the period, compared to the Thomson Reuters consensus estimate of ($0.17). The company issued revenue guidance of $7.5-8.5 million, compared to the consensus revenue estimate of $7.97 million.Qumu Corporation also updated its FY17 guidance to ($0.87-1.02) EPS.
Separately, Zacks Investment Research lowered shares of Qumu Corporation from a buy rating to a hold rating in a report on Wednesday, July 12th.
Qumu Corporation (QUMU) traded down 7.32% during trading on Friday, reaching $2.66. 8,038 shares of the company’s stock traded hands. The stock’s market cap is $24.88 million. Qumu Corporation has a 52-week low of $1.80 and a 52-week high of $3.77. The company’s 50 day moving average is $2.76 and its 200-day moving average is $2.62.
Qumu Corporation (NASDAQ:QUMU) last released its quarterly earnings results on Tuesday, August 1st. The technology company reported ($0.28) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.04. The business had revenue of $6.65 million for the quarter, compared to analysts’ expectations of $7.06 million. Qumu Corporation had a negative return on equity of 53.09% and a negative net margin of 29.95%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.46) EPS. On average, analysts anticipate that Qumu Corporation will post ($0.96) earnings per share for the current fiscal year.
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An institutional investor recently raised its position in Qumu Corporation stock. Northern Trust Corp increased its position in shares of Qumu Corporation (NASDAQ:QUMU) by 9.6% during the second quarter, according to its most recent 13F filing with the 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 filing with the SEC. 25.55% of the stock is currently owned by 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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