Sphere 3D (ANY) Projected to Post Earnings on Wednesday

Sphere 3D (NASDAQ:ANY) will likely be releasing its results before the market opens on Wednesday, May 13th. Analysts expect Sphere 3D to post earnings of ($0.72) per share and revenue of $2.90 million for the quarter.

Sphere 3D (NASDAQ:ANY) last released its quarterly earnings results on Friday, March 6th. The technology company reported ($3.27) earnings per share (EPS) for the quarter. Sphere 3D had a negative return on equity of 84.26% and a negative net margin of 192.13%.The company had revenue of $2.72 million during the quarter.

Sphere 3D Price Performance

ANY stock opened at $1.98 on Tuesday. Sphere 3D has a 1 year low of $1.08 and a 1 year high of $12.60. The company has a market cap of $7.46 million, a P/E ratio of -0.26 and a beta of 3.60. The firm has a 50-day moving average of $1.53 and a 200 day moving average of $3.05.

Analyst Upgrades and Downgrades

ANY has been the subject of a number of research reports. Wall Street Zen raised shares of Sphere 3D to a “sell” rating in a research note on Saturday, March 21st. Weiss Ratings reissued a “sell (e+)” rating on shares of Sphere 3D in a research note on Monday, May 4th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Sphere 3D currently has an average rating of “Hold” and an average target price of $30.00.

Hedge Funds Weigh In On Sphere 3D

A number of institutional investors and hedge funds have recently made changes to their positions in ANY. Armistice Capital LLC bought a new position in shares of Sphere 3D during the fourth quarter valued at approximately $465,000. Squarepoint Ops LLC bought a new position in shares of Sphere 3D during the fourth quarter valued at approximately $113,000. Jane Street Group LLC purchased a new stake in shares of Sphere 3D in the 4th quarter worth approximately $37,000. XTX Topco Ltd increased its position in Sphere 3D by 678.6% during the 4th quarter. XTX Topco Ltd now owns 131,326 shares of the technology company’s stock valued at $39,000 after buying an additional 114,460 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in Sphere 3D by 294.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 50,127 shares of the technology company’s stock valued at $37,000 after buying an additional 37,427 shares in the last quarter. Institutional investors own 17.28% of the company’s stock.

About Sphere 3D

Sphere 3D Corporation is a technology company specializing in virtualization, containerization and data management solutions. The company develops software and appliance-based offerings designed to simplify the deployment, mobility and orchestration of applications and data across on-premises, private cloud and public cloud environments. Its platforms enable organizations to consolidate IT infrastructure, improve resource utilization and accelerate application delivery without extensive re-engineering of legacy systems.

Among its key products is the Glassware platform, which allows enterprises to containerize Windows and Linux applications for delivery to virtually any endpoint without needing native software installs.