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The Best And The Worst Tech Stocks Of 2022 (So Far)
It’s been a rough six months for stock markets and IT stocks have been hit particularly hard. Here’s a look at the (few) companies whose share price increased in the first half of 2022 and the 10 companies with the biggest share price declines.
Decliners No. 10: Quantum
CEO: Jamie Lerner
Jan. 3, 2022, Opening: $5.55
June 30, 2022, Close: $1.42
Quantum, a developer of data storage and management technology and products, suffered the biggest share price decline on a percentage basis in the first half of 2022 among all the companies on the CRN watch list.
In June Quantum reported that revenue in its fiscal 2022 ended March 31, was $372.8 million, up nearly 7 percent year over year. The company reported a loss of $32.3 million for the year compared with a $35.5 million loss in fiscal 2021.
Quantum’s market capitalization stood at $144.6 million as of June 30.