Quantum Corporation was a big mover last session, as the company saw its shares rise around 7% on the day. Shares gained after the company announced that President and CEO Jon Gacek, and Senior Vice President and CFO Fuad Ahmad will be presenting at the Needham Next-Gen Storage/Networking Conference at the Millennium Broadway Hotel in New York City on Nov 2. The news led to far more shares changing hands than in a normal session resulting in solid volume. This continues the recent uptrend for the company as the stock is now up 32.9% since Oct 4.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Quantum currently carries a Zacks Rank #2 (Buy), while its Earnings ESP is 0.00%. 

Another favorably placed stock in the same industry is Seagate Technology plc (STX Quick QuoteSTX - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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