Why Quantum Stock Plunged Today

Shares of Quantum (NASDAQ: QMCO) were tumbling today after the data-storage specialist badly missed estimates in its fiscal third-quarter earnings report. Management blamed supply chain constraints as it appears to be one of many companies being affected by the chip shortage and shipping delays.

The stock was down 42% as of 10:46 a.m. ET on Thursday.

Image source: Getty Images.

Source Fool.com