Zacks Investment Research upgraded shares of Sphere 3D Corp. (NASDAQ:ANY) from a sell rating to a hold rating in a report issued on Monday morning.

According to Zacks, “Sphere 3D Corporation is a virtualization technology solution provider. The Company is engaged in the development, and sale of Sphere 3D’s Glassware 2.0 ultra-thin client technology, that allows access to third party software on any Cloud connected device. Sphere 3D also develops V3 systems appliances, a series of servers that are used for virtualization; and provides Desktop Cloud Orchestrator software, which allows administrators to manage local, cloud hosted, or hybrid virtual desktop deployments. It caters to the cloud computing market. Sphere 3D Inc. is based in Mississauga, Canada. “

Separately, ValuEngine upgraded Sphere 3D Corp. from a sell rating to a hold rating in a report on Thursday, July 13th.

Shares of Sphere 3D Corp. (NASDAQ:ANY) opened at 4.24 on Monday. The firm’s market cap is $18.51 million. The stock’s 50 day moving average is $4.40 and its 200-day moving average is $5.03. Sphere 3D Corp. has a 52-week low of $2.44 and a 52-week high of $23.00.

Sphere 3D Corp. (NASDAQ:ANY) last issued its quarterly earnings results on Monday, August 14th. The technology company reported ($0.64) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.50) by $0.86. Sphere 3D Corp. had a negative return on equity of 100.71% and a negative net margin of 84.35%. The business had revenue of $19.44 million for the quarter, compared to analyst estimates of $22.40 million. Equities analysts anticipate that Sphere 3D Corp. will post ($7.95) earnings per share for the current fiscal year.

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A hedge fund recently raised its stake in Sphere 3D Corp. stock. Cyrus Capital Partners L.P. increased its position in shares of Sphere 3D Corp. (NASDAQ:ANY) by 40.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,230,440 shares of the technology company’s stock after buying an additional 4,407,914 shares during the period. Sphere 3D Corp. makes up approximately 0.4% of Cyrus Capital Partners L.P.’s holdings, making the stock its 10th largest position. Cyrus Capital Partners L.P. owned 370.75% of Sphere 3D Corp. worth $2,939,000 at the end of the most recent quarter.

About Sphere 3D Corp.

Sphere 3D Corp. provides virtualization technologies and data management solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It enables organizations to deploy a combination of public, private, or hybrid cloud strategies through containerized applications, virtual desktops, virtual storage, and physical hyper-converged platforms.

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