FY2026 EPS Forecast for Sphere 3D Increased by Analyst

Sphere 3D Corp. (NASDAQ:ANY) – Stock analysts at HC Wainwright increased their FY2026 EPS estimates for Sphere 3D in a research report issued on Tuesday, March 10th. HC Wainwright analyst K. Dede now anticipates that the technology company will post earnings of ($2.76) per share for the year, up from their prior estimate of ($3.20). The consensus estimate for Sphere 3D’s current full-year earnings is ($0.58) per share.

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

Sphere 3D Stock Performance

NASDAQ:ANY opened at $1.61 on Thursday. Sphere 3D has a 1 year low of $1.08 and a 1 year high of $12.60. The stock has a market cap of $5.43 million, a P/E ratio of -0.21 and a beta of 3.79. The stock has a 50-day simple moving average of $2.22 and a 200-day simple moving average of $4.77.

Sphere 3D (NASDAQ:ANY) last posted its quarterly earnings results on Friday, March 6th. The technology company reported ($3.27) earnings per share for the quarter. The business 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%.

Institutional Investors Weigh In On Sphere 3D

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd lifted its position in 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 acquiring an additional 24,424 shares during the last quarter. BNP Paribas Financial Markets grew its holdings 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 purchasing an additional 37,427 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Sphere 3D during the fourth quarter worth about $37,000. Squarepoint Ops LLC acquired a new stake in shares of Sphere 3D during the fourth quarter worth about $113,000. Finally, Armistice Capital LLC purchased a new stake in shares of Sphere 3D in the 4th quarter valued at 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.