Sphere 3D (ANY) Projected to Post Earnings on Friday

Sphere 3D (NASDAQ:ANY) is projected to issue its results before the market opens on Friday, March 27th. Analysts expect the company to announce earnings of ($0.90) per share and revenue of $3.00 million for the quarter.

Sphere 3D (NASDAQ:ANY) last issued its quarterly earnings data on Friday, March 6th. The technology company reported ($3.27) earnings per share for the quarter. Sphere 3D had a negative return on equity of 61.18% and a negative net margin of 167.47%.The firm had revenue of $2.72 million during the quarter. On average, analysts expect Sphere 3D to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Sphere 3D Stock Down 4.4%

ANY stock opened at $1.31 on Wednesday. Sphere 3D has a 52-week low of $1.08 and a 52-week high of $12.60. The firm has a market cap of $4.41 million, a P/E ratio of -0.17 and a beta of 3.79. The company’s 50-day simple moving average is $1.89 and its 200-day simple moving average is $4.47.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Sphere 3D to a “sell” rating in a research report on Saturday. Weiss Ratings reissued a “sell (d-)” rating on shares of Sphere 3D in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $30.00.

Institutional Investors Weigh In On Sphere 3D

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd raised its position in shares of Sphere 3D by 51.7% in the second quarter. XTX Topco Ltd now owns 71,682 shares of the technology company’s stock valued at $42,000 after buying an additional 24,424 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Sphere 3D by 294.7% during the third 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 last quarter. Jane Street Group LLC purchased a new stake in Sphere 3D during the 4th quarter valued at 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 purchased a new position in Sphere 3D in the 4th quarter worth approximately $465,000. Institutional investors and hedge funds own 17.28% of the company’s stock.

About Sphere 3D

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.