Sphere 3D Corp. (ANY) Lifted to “Hold” at Zacks Investment Research
Sphere 3D Corp. (NASDAQ:ANY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.
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 downgraded shares of Sphere 3D Corp. from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st.
Shares of Sphere 3D Corp. (NASDAQ ANY) traded down 0.48% during trading on Monday, hitting $4.13. The stock had a trading volume of 58,031 shares. Sphere 3D Corp. has a 1-year low of $2.44 and a 1-year high of $23.00. The firm’s market capitalization is $18.03 million. The stock’s 50-day moving average price is $4.33 and its 200 day moving average price is $5.12.
Sphere 3D Corp. (NASDAQ:ANY) last issued its quarterly earnings data on Monday, August 14th. The technology company reported ($0.64) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.50) by $0.86. The business had revenue of $19.44 million during the quarter, compared to the consensus estimate of $22.40 million. Sphere 3D Corp. had a negative net margin of 84.35% and a negative return on equity of 100.71%. On average, analysts anticipate that Sphere 3D Corp. will post ($7.95) earnings per share for the current year.
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A hedge fund recently raised its stake in Sphere 3D Corp. stock. Virtu KCG Holdings LLC increased its position in Sphere 3D Corp. (NASDAQ:ANY) by 540.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 866,676 shares of the technology company’s stock after buying an additional 731,429 shares during the period. Virtu KCG Holdings LLC owned about 21.10% of Sphere 3D Corp. worth $167,000 at the end of the most recent reporting period.
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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