Critical Analysis: Sphere 3D (ANY) versus Its Rivals
Sphere 3D (NASDAQ: ANY) is one of 61 public companies in the “Data processing & preparation” industry, but how does it compare to its peers? We will compare Sphere 3D to related businesses based on the strength of its dividends, risk, earnings, profitability, analyst recommendations, valuation and institutional ownership.
Institutional & Insider Ownership
11.8% of Sphere 3D shares are owned by institutional investors. Comparatively, 54.9% of shares of all “Data processing & preparation” companies are owned by institutional investors. 21.9% of shares of all “Data processing & preparation” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
Sphere 3D has a beta of 2.33, suggesting that its share price is 133% more volatile than the S&P 500. Comparatively, Sphere 3D’s peers have a beta of 0.57, suggesting that their average share price is 43% less volatile than the S&P 500.
This table compares Sphere 3D and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Sphere 3D Competitors||-18.33%||-66.33%||-6.17%|
This is a breakdown of recent recommendations and price targets for Sphere 3D and its peers, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Sphere 3D Competitors||313||1522||2210||64||2.49|
As a group, “Data processing & preparation” companies have a potential upside of 6.11%. Given Sphere 3D’s peers higher possible upside, analysts clearly believe Sphere 3D has less favorable growth aspects than its peers.
Earnings and Valuation
This table compares Sphere 3D and its peers top-line revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Sphere 3D||$81.52 million||-$26.18 million||-0.37|
|Sphere 3D Competitors||$928.33 million||$44.64 million||16.98|
Sphere 3D’s peers have higher revenue and earnings than Sphere 3D. Sphere 3D is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
Sphere 3D peers beat Sphere 3D on 8 of the 10 factors compared.
About Sphere 3D
Sphere 3D Corp. provides data management, and desktop and application virtualization 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. The company offers RDX removable disk systems that provide scalability, centralized management, encryption and duplication, and reliability for backup, archive, data interchange, and disaster recovery; G-Series Appliance and G-Series Cloud applications; and Glassware Open Virtual Appliance and Open Virtual Format products. It also provides HVE converged and hyper-converged Infrastructure solutions, such as HVE-STACK high density server solution; HVE-VELOCITY high availability dual enclosure storage area network solution; and HVE 3DGFX, a virtualized desktop infrastructure solution. In addition, the company offers SnapServer network attached storage solution, a platform for primary or nearline storage for integration with Windows, UNIX/Linux, and Macintosh environments; NEO tape-based backup and long-term archive solutions, including tape libraries, autoloaders, and drives, as well as linear tape file system solutions; and LTO tape drives and media products. Sphere 3D Corp. markets its products under the RDX, Glassware 2.0, SnapCLOUD, SnapServer, SnapSync, NEO, and V3 brand names. The company sells its products through its distributor and reseller network to small and medium businesses, and distributed enterprises. Sphere 3D Corp. was incorporated in 2007 and is headquartered in Mississauga, Canada.
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