Sphere 3D Corp. (ANY) Announces Earnings Results, Beats Estimates By $0.10 EPS
Sphere 3D Corp. (NASDAQ:ANY) announced its quarterly earnings results on Monday. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.10. Sphere 3D Corp. had a negative return on equity of 37.54% and a negative net margin of 60.50%. The company had revenue of $18.50 million for the quarter, compared to the consensus estimate of $19.80 million. During the same quarter in the previous year, the business earned ($0.12) EPS. Sphere 3D Corp.’s revenue was down 1.6% compared to the same quarter last year.
Sphere 3D Corp. (NASDAQ:ANY) opened at 0.5906 on Wednesday. The firm’s 50 day moving average price is $0.54 and its 200-day moving average price is $0.78. The stock’s market cap is $30.14 million. Sphere 3D Corp. has a 12-month low of $0.40 and a 12-month high of $2.12.
An institutional investor recently bought a new position in Sphere 3D Corp. stock. Harber Asset Management LLC purchased a new position in shares of Sphere 3D Corp. (NASDAQ:ANY) during the second quarter, according to its most recent filing with the SEC. The institutional investor purchased 218,464 shares of the company’s stock, valued at approximately $175,000. Harber Asset Management LLC owned 0.44% of Sphere 3D Corp. as of its most recent SEC filing. Institutional investors and hedge funds own 17.08% of the company’s stock.
Separately, Zacks Investment Research downgraded Sphere 3D Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, November 8th.
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