Sphere 3D (NASDAQ:ANY) Announces Quarterly Earnings Results

Sphere 3D (NASDAQ:ANY) issued its quarterly earnings data on Friday. The technology company reported ($1.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.49), Zacks reports. Sphere 3D had a negative net margin of 163.45% and a negative return on equity of 78.14%.

Sphere 3D Trading Up 0.5%

ANY stock traded up $0.01 during trading on Friday, reaching $2.10. 152,679 shares of the stock were exchanged, compared to its average volume of 1,604,709. Sphere 3D has a twelve month low of $1.08 and a twelve month high of $12.60. The company has a market capitalization of $18.10 million, a P/E ratio of -0.60 and a beta of 3.47. The stock has a 50 day simple moving average of $2.45 and a 200-day simple moving average of $2.04.

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 research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sphere 3D currently has an average rating of “Sell”.

Institutional Trading of Sphere 3D

Several institutional investors have recently modified their holdings of the company. XTX Topco Ltd increased its position in shares of Sphere 3D by 678.6% during the fourth quarter. XTX Topco Ltd now owns 131,326 shares of the technology company’s stock valued at $39,000 after purchasing an additional 114,460 shares during the period. Armistice Capital LLC bought a new position in Sphere 3D in the fourth quarter worth $465,000. Squarepoint Ops LLC acquired a new stake in Sphere 3D during the fourth quarter worth $113,000. Jane Street Group LLC acquired a new stake in Sphere 3D during the fourth quarter worth $37,000. Finally, BNP Paribas Financial Markets increased its holdings in 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 buying an additional 37,427 shares during the period. Institutional investors and hedge funds own 17.28% of the company’s stock.

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.