Sphere 3D (ANY) Projected to Announce Earnings on Monday

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

Sphere 3D (NASDAQ:ANY) last posted its quarterly 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). Sphere 3D had a negative net margin of 163.45% and a negative return on equity of 78.14%. The firm had revenue of $1.92 million during the quarter, compared to analyst estimates of $2.90 million.

Sphere 3D Stock Performance

Shares of NASDAQ:ANY opened at $2.10 on Monday. Sphere 3D has a 1-year low of $1.08 and a 1-year high of $12.60. The firm has a market capitalization of $18.10 million, a PE ratio of -0.60 and a beta of 3.47. The business’s 50 day moving average is $2.68 and its 200-day moving average is $2.05.

Hedge Funds Weigh In On Sphere 3D

Several institutional investors have recently bought and sold shares of ANY. XTX Topco Ltd grew its holdings in shares of Sphere 3D by 51.7% during the second quarter. XTX Topco Ltd now owns 71,682 shares of the technology company’s stock worth $42,000 after purchasing an additional 24,424 shares during the last quarter. BNP Paribas Financial Markets lifted 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 worth $37,000 after buying an additional 37,427 shares in the last quarter. Jane Street Group LLC bought a new stake in Sphere 3D during the 4th quarter worth about $37,000. Squarepoint Ops LLC acquired a new stake in Sphere 3D in the 4th quarter valued at about $113,000. Finally, Armistice Capital LLC bought a new position in shares of Sphere 3D in the fourth quarter worth about $465,000. Institutional investors own 17.28% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Sphere 3D from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.