Insider Trading in Focus: Qualstar Corporation $QBAK

dollar-789114_1920

Qualstar Corporation (QBAK) insider have most recently took part in a trading activity. On Dec 20, 2017 Bronson Steven N, COB, CEO, President, 10% Owner bought 15,000 shares having total worth of $115,050 at the price of $7.67 per share, following the transaction a total of 1,120,787 shares owned by Bronson Steven N.

The stock has experienced a total of 3 insider trades in the past three months. These trades include 3 sell activities .Furthermore, over the past 12 months , the stock was traded 13 times by insiders. In 13 of these trades, the insider was a seller .

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 0 3 11.74%
12 Month 0 13 58.97%

Shares of Qualstar Corporation (QBAK) traded up 3.77% on Dec 19, 2017, hitting $7.71. 26,288 shares of the company’s stock traded hands. Qualstar Corporation has a 52 week low of $2.74 and a 52 week high of $11.66. The company’s market cap is $8 million.

Qualstar Corporation (QBAK) last announced its earnings results on Nov 8, 2017. The company reported 0.13 earnings per share (EPS) for the quarter. The company had revenue of $3 million for the quarter During the same quarter in the previous year, the company posted -0.03 earnings per share. The company’s revenue for the quarter was up 3% on a year-over-year basis.

2017-11-08 2017-08-08 2015-11-12 2015-09-09 2015-05-13 2015-02-12 2014-11-10 2014-09-29 2014-05-13 2014-02-13
earnings per share 0.13 0.03 -0.12 -0.02 -0.40 -0.02 -0.03 -0.06 -0.04 -0.02
Revenue(M) 2.76 2.27 2.32 3.2 2.81 3.53 3.3 2.7 2.6 3.44

Qualstar Corporation was incorporated in California in 1984. The Company develops and manufactures IBM compatible 9-track reel-to-reel tape drives for the personal computer and workstation marketplaces. Since 1995, it has focused its efforts on designing, developing, manufacturing and selling automated magnetic tape libraries used to store, retrieve and manage electronic data mainly in the network computing environment. The Company has two operating segments Tape libraries and power supplies. Tape libraries consist of cartridge tape drives, tape cartridges and robotics to move the cartridges from their storage locations to the tape drives under software control. Its tape libraries provide data storage solutions for organizations requiring backup, recovery and archival storage of critical data. The Company’s products are compatible with commonly used operating systems, including UNIX, Windows, and Linux. Its tape libraries are also compatible with a wide range of storage management software packages, such as those supplied by CA Technologies, EMC, IBM, Symantec, CommVault Systems and Quest Software. The Company design, manufacture and sell high efficiency open-frame switching power supplies. Its power supplies are used to convert common alternating current (AC) line voltages found in buildings to direct current (DC) voltages that are needed internally to operate electronic equipment. The Company also manufactures and sells a series of DC-to-DC power supplies that convert one DC voltage to another DC voltage. Power supplies provided by its N2Power division are utilized within its tape library products as well as sold to original equipment manufacturers and contract manufacturers for incorporation into their products. N2Power products are sold under the N2Power brand name as well as under a private label brand name through independent sales representatives and distributors. The Company sells its tape libraries worldwide, primarily to value added resellers. These customers typically integrate its tape libraries with software from third party vendors and related hardware such as servers and network components to provide complete storage solutions, which are then sold to end users. The Company configures its libraries based on each customer’s individual requirements, with a normal delivery time of one to five working days. The Company’s competitors in Tape Libraries segment include Oracle Corporation, Quantum Corporation, Overland Storage, Inc., and SpectraLogic Corporation. And in Power supplies segment its competitors include TDK Lambda, Digital Power, Emerson XP Power and Power-One.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.