Qumu Corp (QUMU) Gets a Hold Rating from Ladenburg

By Jason Carr

Ladenburg analyst Glenn G Mattson maintained a Hold rating on Qumu Corp (QUMUResearch Report) on November 7. The company’s shares opened today at $2.52.

According to TipRanks.com, Mattson is a 4-star analyst with an average return of 11.0% and a 50.9% success rate. Mattson covers the Technology sector, focusing on stocks such as Brightcove Inc, Datawatch Corp, and Attunity Ltd.

The word on The Street in general, suggests a Hold analyst consensus rating for Qumu Corp.

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Based on Qumu Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $2.4 million. In comparison, last year the company had a GAAP net loss of $2.31 million.

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Qumu Corp. engages in the provision of software applications, which create, manage, secure, distribute, and measure the success of live and on-demand video for the enterprise. It offers enterprise video content management software solutions, hardware, maintenance and support, and professional and other services.