Sphere 3D (ANY) Expected to Announce Earnings on Friday

Sphere 3D (NASDAQ:ANY) is expected to release its results before the market opens on Friday, March 27th. Analysts expect Sphere 3D to post 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 business had revenue of $2.72 million for 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 Performance

ANY stock opened at $1.55 on Friday. Sphere 3D has a 1 year low of $1.08 and a 1 year high of $12.60. The stock’s 50 day moving average price is $2.00 and its 200 day moving average price is $4.59. The firm has a market cap of $5.22 million, a P/E ratio of -0.20 and a beta of 3.79.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Sphere 3D in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Sphere 3D currently has an average rating of “Hold” and an average price target of $30.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in shares of Sphere 3D during the 4th quarter worth $37,000. BNP Paribas Financial Markets grew its position in shares of Sphere 3D by 294.7% in the third quarter. BNP Paribas Financial Markets now owns 50,127 shares of the technology company’s stock valued at $37,000 after purchasing an additional 37,427 shares during the period. XTX Topco Ltd increased its stake in Sphere 3D by 678.6% in 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 last quarter. Squarepoint Ops LLC purchased a new position in Sphere 3D during the fourth quarter worth about $113,000. Finally, Armistice Capital LLC purchased a new position in Sphere 3D during the fourth quarter worth about $465,000. 17.28% of the stock is currently owned by institutional investors and hedge funds.

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.