Qumu Corporation (QUMU) Earning Somewhat Favorable Press Coverage, Accern Reports

Headlines about Qumu Corporation (NASDAQ:QUMU) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Qumu Corporation earned a media sentiment score of 0.02 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 47.1022557619098 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the media stories that may have impacted Accern’s scoring:

Shares of Qumu Corporation (NASDAQ QUMU) traded down 22.0470% on Wednesday, hitting $2.4867. The stock had a trading volume of 145,406 shares. The firm’s 50-day moving average is $2.99 and its 200 day moving average is $2.85. Qumu Corporation has a 1-year low of $1.80 and a 1-year high of $3.28. The stock’s market cap is $23.37 million.

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

Separately, Zacks Investment Research lowered Qumu Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th.

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About Qumu Corporation

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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