Streetbeat News

ANY

Sphere 3D Corp.

https://www.sphere3d.com

Industry

Software - Application

Sphere 3D Corp. focuses on operating as a carbon neutral bitcoin mining company. It also provides data management solutions through hybrid cloud, cloud, and on-premises implementations directly and through its reseller network and professional services organization. Its products portfolio includes HVE-STACK high density server, which provides computer and storage appliance for the data centers; HVE-VELOCITY, a high availability dual enclosure storage area network that offers reliability and integrity for optimal data storage, protection, and recovery; HVE 3DGFX, a virtual desktop infrastructure solution; HVE STAGE, a server virtualization platform; and HVE VAULT, an appliance designed to handle requirements for backup and replication storage. In addition, it offers self-service and support services. Sphere 3D Corp. is based in Toronto, Canada.

Open

1.30

Mkt cap

26M

Volume

822K

High

1.32

P/E Ratio

-0.98

52-wk high

4.09

Low

1.21

Div yield

N/A

52-wk low

0.57

Software stocks, including ADBE, ADSK, CRWD, HUBS, NET, and SHOP, are trading lower due to broader tech sector weakness, potentially linked to concerns over rate cuts following mixed inflation data.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 5:40 pm

Sphere 3D's shares dropped following the announcement of disappointing Q4 financial results, missing market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 4:17 pm

Sphere 3D (NASDAQ:ANY) reported Q4 earnings with a significant miss on both EPS and sales estimates. The EPS was $(0.64), missing the $(0.28) estimate by 128.57%, and sales were $7.69M, slightly missing the $7.70M estimate. Despite these misses, the company showed a substantial year-over-year improvement, with a 94.81% decrease in losses per share and a 438.52% increase in sales compared to the same period last year.

Portfolio Pulse from Happy Mohamed

March 14, 2024 | 4:16 pm

Crypto-related stocks, including BITF, COIN, and IREN, are experiencing an uptick in their trading values, correlating with an increase in Bitcoin's price.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 4:10 pm

Shares of software companies, including ADEA, ADSK, AI, ANSS, and others, are trading lower due to rising Treasury yields following higher-than-expected U.S. January inflation data.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:30 pm

Bitcoin's recent price surge of over 4% has led to a rally in crypto-linked stocks, with companies like Cipher Mining, Mawson Infrastructure Group, Core Scientific, Sphere 3D Corp, TeraWulf, Bitfarms, Marathon Digital Holdings, and Hut 8 Corp experiencing gains between 5% and 23%. Coinbase Global and MicroStrategy also saw their stock prices increase. The rebound in crypto stocks comes after a period of selling and despite a challenging market landscape. Experts advise against a bearish outlook, highlighting a 'very bullish long term' perspective.

Portfolio Pulse from Rounak Jain

January 27, 2024 | 6:55 am

Crypto-related stocks are trading higher due to an increase in the price of Bitcoin, indicating a positive correlation between these stocks and the cryptocurrency market.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 5:34 pm

Software company stocks are trading higher due to a decrease in Treasury yields and positive announcements at CES 2024. This trend is affecting a broad range of companies within the sector.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:09 pm

Sphere 3D has sold its subsidiary HVE to its former President Joseph O'Daniel for a nominal amount, aligning with its shift towards the cryptocurrency sector. This transaction led to O'Daniel's resignation and a revised compensation agreement, as disclosed in an SEC 8K filing.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 9:25 pm

HC Wainwright & Co. analyst Kevin Dede has initiated coverage on Sphere 3D (NASDAQ:ANY) with a Buy rating and set a price target of $5. This new coverage could influence investor sentiment and potentially impact the stock's performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 11:08 am

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