Quantum Data Falls on Warning
Quantum Data Storage & Services (DSS) - Get Report was down 5.1% in early afternoon after the company warned late Wednesday that first quarter earnings would be 10 to 12 cents a share before charges, below analysts' expectations of 17 cents and down from 28 cents in the year-ago period.
The data protection company also said it was canceling the spinoff of its Snap Appliance unit, due to market conditions. This morning,
Prudential Securities
trimmed its EPS estimates and lowered its price target to $10 from $13.
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