Qumu Corporation (QUMU) Issues FY17 Earnings Guidance

Qumu Corporation (NASDAQ:QUMU) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share guidance of ($0.87-1.02) for the period, compared to the Thomson Reuters consensus earnings per share 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.

Shares of Qumu Corporation (NASDAQ QUMU) traded up 3.00% during midday trading on Friday, hitting $2.75. 5,513 shares of the stock were exchanged. Qumu Corporation has a 12-month low of $1.80 and a 12-month high of $3.77. The firm’s market cap is $25.85 million. The firm has a 50-day moving average price of $2.74 and a 200 day moving average price of $2.63.

Qumu Corporation (NASDAQ:QUMU) last announced its earnings results on Tuesday, August 1st. The technology company reported ($0.28) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.04. Qumu Corporation had a negative net margin of 29.95% and a negative return on equity of 53.09%. The firm had revenue of $6.65 million during the quarter, compared to the consensus estimate of $7.06 million. During the same quarter in the previous year, the company posted ($0.46) EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts predict that Qumu Corporation will post ($0.99) earnings per share for the current fiscal year.

Separately, Zacks Investment Research downgraded shares of Qumu Corporation from a buy rating to a hold rating in a research note on Wednesday, July 12th.

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An institutional investor recently raised its position in Qumu Corporation stock. Northern Trust Corp boosted its stake in shares of 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. The firm owned 35,745 shares of the technology company’s stock after buying an additional 3,144 shares during the period. Northern Trust Corp owned about 0.38% of Qumu Corporation worth $104,000 at the end of the most recent quarter. 25.22% 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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