Sphere 3D (ANY) Expected to Post Quarterly Earnings on Monday

Sphere 3D (NASDAQ:ANYGet Free Report) is projected to post its results before the market opens on Monday, August 17th. Analysts expect the company to post earnings of ($0.71) per share and revenue of $3.00 million for the quarter.

Sphere 3D (NASDAQ:ANYGet Free Report) last released its earnings results on Friday, May 8th. The technology company reported ($1.18) EPS for the quarter, missing the consensus estimate of ($0.72) by ($0.46). The firm had revenue of $1.92 million during the quarter, compared to analyst estimates of $2.90 million. Sphere 3D had a negative net margin of 163.45% and a negative return on equity of 78.14%.

Sphere 3D Price Performance

ANY stock opened at $2.10 on Monday. Sphere 3D has a twelve month low of $1.08 and a twelve month high of $12.60. The company has a market cap of $18.10 million, a P/E ratio of -0.60 and a beta of 3.47. The business has a fifty day moving average of $2.68 and a 200-day moving average of $2.05.

Institutional Investors Weigh In On Sphere 3D

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Sphere 3D from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

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About Sphere 3D

(Get Free Report)

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.

See Also

Earnings History for Sphere 3D (NASDAQ:ANY)

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