Sphere 3D (NASDAQ:ANY – Get Free Report) posted its earnings results on Friday. The technology company reported ($1.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.49), Zacks reports. Sphere 3D had a negative net margin of 163.45% and a negative return on equity of 78.14%.
Sphere 3D Price Performance
ANY traded up $0.01 on Friday, hitting $2.10. The company had a trading volume of 152,679 shares, compared to its average volume of 1,604,709. The company’s fifty day moving average price is $2.49 and its 200 day moving average price is $2.04. Sphere 3D has a 1-year low of $1.08 and a 1-year high of $12.60. The stock has a market cap of $18.10 million, a price-to-earnings ratio of -0.60 and a beta of 3.47.
Hedge Funds Weigh In On Sphere 3D
A number of institutional investors have recently modified their holdings of ANY. Armistice Capital LLC acquired a new stake in shares of Sphere 3D in the fourth quarter worth $465,000. Squarepoint Ops LLC bought a new stake in shares of Sphere 3D during the 4th quarter worth $113,000. XTX Topco Ltd grew its stake in Sphere 3D by 678.6% in 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 during the last quarter. Jane Street Group LLC bought a new position in Sphere 3D in the 4th quarter worth $37,000. Finally, BNP Paribas Financial Markets raised its holdings in Sphere 3D by 294.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 50,127 shares of the technology company’s stock worth $37,000 after acquiring an additional 37,427 shares during the period. Institutional investors own 17.28% of the company’s stock.
Wall Street Analyst Weigh In
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Sphere 3D Company Profile
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.
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