We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Quantum Unveils Scalability Upgrades for Myriad All-Flash File System
Read MoreHide Full Article
Quantum Corporation (QMCO - Free Report) has enhanced its Quantum Myriad all-flash file system, offering the first-ever in-place scaling with automatic data leveling. These upgrades provide greater flexibility and adaptability, helping customers manage evolving artificial intelligence (AI)-era storage needs.
The new scalability features allow customers to start with five partially populated NVMe Storage Server nodes and expand one or more nodes at a time, with added storage available in minutes—without admin intervention or service disruption.
This ensures seamless growth, maintaining linear performance with automatic data leveling. This approach maximizes usable storage per node, eliminates disruptive forklift upgrades and enables on-the-fly expansion. The new features are anticipated to be available in the latter half of 2025.
What Does the QMCO’s Myriad New Scalability Feature Offer?
The new scalability features allow extra drives to be added as needed.
High-density drive options of 61.44 TB and 122.88 TB will enable greater storage capacity and cost savings, beginning with Solidigm D5-P5336 61 TB and 122 TB NVMe drives.
These high-density drives enable Myriad to store up to 6 PB in five rack space units (5U) and 12 PB in 10U. QMCO added that with automatic inline data compaction and deduplication providing up to 20x data reduction, customers can achieve up to 240 PB with 10 nodes and 480 PB with 20 nodes. This maximizes storage efficiency while reducing rack space and operational costs.
Even with just 5–10 nodes, customers get up to 80% usable capacity with n+2 data protection. In future updates, Myriad is anticipated to increase to 20 nodes and eventually offer unlimited scalability while maintaining up to 80% usable capacity and n+m data protection. The system will also support up to 400 GbE Ethernet RDMA for maximum cluster performance and integrate with ActiveScale for seamless data archiving and expansion.
Myriad will seamlessly integrate with Quantum’s ActiveScale object storage to support AI/machine learning (ML) and data-intensive workloads, enabling large dataset ingestion, archiving, recall and data lake operations.
Demand for Myriad & ActiveScale Bode Well for QMCO
Management remains focused on key growth areas like Myriad and ActiveScale, with strong pipeline growth experienced in the last reported quarter. In December 2024, Quantum extended support for the NVIDIA GPUDirect Storage capability by introducing an advanced parallel file system client for its Myriad all-flash file system. The innovation also offers on-the-fly deployment of client nodes across diverse platforms, including support for NVIDIA Grace Hopper with Grace ARM-based architectures. The new client enables seamless integration of powerful GPU nodes into Myriad clusters, tailored for demanding workloads such as AI/ML model training, high-performance computing (HPC) visualization and video rendering.
In second-quarter fiscal 2025, QMCO stated that a customer seeking high-speed primary and secure long-term storage chose Myriad and ActiveScale Cold Storage through a Quantum Go subscription. Although Quantum’s efforts are yet to reach the desired outcomes, the company is witnessing encouraging progress through product launches, including growing momentum with Myriad, along with improvements in operational efficiency.
In October 2024, QMCO’s flagship ActiveScale platform expanded its Veeam Ready qualifications. Veeam Software supports Quantum's ActiveScale 7.0, which includes all-flash solutions for rapid ransomware recovery and reportedActiveScale Cold Storage for budget-friendly, air-gapped retention in the Veeam Archive Tier.
QMCO’s Zacks Rank & Stock Price Performance
QMCO currently carries a Zacks Rank #3 (Hold). Shares of the company have surged 429.5% in the past three months compared with the industry's growth of 10.4%.
BlackBerry’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 131.25%. In the last reported quarter, BB delivered an earnings surprise of 200%. Its shares have surged 90.8% in the past six months.
The Zacks Consensus Estimate for InterDigital’s 2024 earnings per share is pegged at $15.19, unchanged in the past 60 days. IDCC earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 163.7%. The company’s long-term earnings growth rate is 15%. Its shares have jumped 34.9% in the past six months.
INTZ’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 43.06%. In the last reported quarter, Intrusion delivered an earnings surprise of 16.67%. Its shares have surged 66.2% in the past six months.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Quantum Unveils Scalability Upgrades for Myriad All-Flash File System
Quantum Corporation (QMCO - Free Report) has enhanced its Quantum Myriad all-flash file system, offering the first-ever in-place scaling with automatic data leveling. These upgrades provide greater flexibility and adaptability, helping customers manage evolving artificial intelligence (AI)-era storage needs.
The new scalability features allow customers to start with five partially populated NVMe Storage Server nodes and expand one or more nodes at a time, with added storage available in minutes—without admin intervention or service disruption.
This ensures seamless growth, maintaining linear performance with automatic data leveling. This approach maximizes usable storage per node, eliminates disruptive forklift upgrades and enables on-the-fly expansion. The new features are anticipated to be available in the latter half of 2025.
Quantum Corporation Price and Consensus
Quantum Corporation price-consensus-chart | Quantum Corporation Quote
What Does the QMCO’s Myriad New Scalability Feature Offer?
The new scalability features allow extra drives to be added as needed.
High-density drive options of 61.44 TB and 122.88 TB will enable greater storage capacity and cost savings, beginning with Solidigm D5-P5336 61 TB and 122 TB NVMe drives.
These high-density drives enable Myriad to store up to 6 PB in five rack space units (5U) and 12 PB in 10U. QMCO added that with automatic inline data compaction and deduplication providing up to 20x data reduction, customers can achieve up to 240 PB with 10 nodes and 480 PB with 20 nodes. This maximizes storage efficiency while reducing rack space and operational costs.
Even with just 5–10 nodes, customers get up to 80% usable capacity with n+2 data protection. In future updates, Myriad is anticipated to increase to 20 nodes and eventually offer unlimited scalability while maintaining up to 80% usable capacity and n+m data protection. The system will also support up to 400 GbE Ethernet RDMA for maximum cluster performance and integrate with ActiveScale for seamless data archiving and expansion.
Myriad will seamlessly integrate with Quantum’s ActiveScale object storage to support AI/machine learning (ML) and data-intensive workloads, enabling large dataset ingestion, archiving, recall and data lake operations.
Demand for Myriad & ActiveScale Bode Well for QMCO
Management remains focused on key growth areas like Myriad and ActiveScale, with strong pipeline growth experienced in the last reported quarter. In December 2024, Quantum extended support for the NVIDIA GPUDirect Storage capability by introducing an advanced parallel file system client for its Myriad all-flash file system. The innovation also offers on-the-fly deployment of client nodes across diverse platforms, including support for NVIDIA Grace Hopper with Grace ARM-based architectures. The new client enables seamless integration of powerful GPU nodes into Myriad clusters, tailored for demanding workloads such as AI/ML model training, high-performance computing (HPC) visualization and video rendering.
In second-quarter fiscal 2025, QMCO stated that a customer seeking high-speed primary and secure long-term storage chose Myriad and ActiveScale Cold Storage through a Quantum Go subscription. Although Quantum’s efforts are yet to reach the desired outcomes, the company is witnessing encouraging progress through product launches, including growing momentum with Myriad, along with improvements in operational efficiency.
In October 2024, QMCO’s flagship ActiveScale platform expanded its Veeam Ready qualifications. Veeam Software supports Quantum's ActiveScale 7.0, which includes all-flash solutions for rapid ransomware recovery and reportedActiveScale Cold Storage for budget-friendly, air-gapped retention in the Veeam Archive Tier.
QMCO’s Zacks Rank & Stock Price Performance
QMCO currently carries a Zacks Rank #3 (Hold). Shares of the company have surged 429.5% in the past three months compared with the industry's growth of 10.4%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the broader technology space are BlackBerry Limited (BB - Free Report) , InterDigital, Inc. (IDCC - Free Report) and Intrusion Inc. (INTZ - Free Report) . BB presently sports a Zacks Rank #1 (Strong Buy), whereas IDCC & INTZ carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
BlackBerry’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 131.25%. In the last reported quarter, BB delivered an earnings surprise of 200%. Its shares have surged 90.8% in the past six months.
The Zacks Consensus Estimate for InterDigital’s 2024 earnings per share is pegged at $15.19, unchanged in the past 60 days. IDCC earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 163.7%. The company’s long-term earnings growth rate is 15%. Its shares have jumped 34.9% in the past six months.
INTZ’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 43.06%. In the last reported quarter, Intrusion delivered an earnings surprise of 16.67%. Its shares have surged 66.2% in the past six months.