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 results on Friday, March 6th. The technology company reported ($3.27) earnings per share (EPS) for the quarter. The company had revenue of $2.72 million during the quarter. Sphere 3D had a negative net margin of 167.47% and a negative return on equity of 61.18%. 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 Performance

ANY opened at $1.44 on Thursday. 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 $4.85 million, a P/E ratio of -0.19 and a beta of 3.79. The business’s fifty day moving average is $1.85 and its 200-day moving average is $4.45.

Hedge Funds Weigh In On Sphere 3D

Hedge funds and other institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd increased its position in Sphere 3D by 678.6% during the 4th 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 acquired a new position in shares of Sphere 3D in the 4th quarter worth approximately $465,000. Squarepoint Ops LLC bought a new stake in shares of Sphere 3D in the 4th quarter valued at $113,000. Jane Street Group LLC bought a new stake in shares of Sphere 3D in the 4th quarter valued at $37,000. Finally, BNP Paribas Financial Markets increased its position in shares of 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 buying an additional 37,427 shares during the period. 17.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.