Sphere 3D Corp. (ANY)

[ariadndndough]

6 dollars on OVRL alone before $ANY

IMHO roth resumes coverage soon with target of 10-13
For starters

VALUATION
Our standalone target price of $6 for OVRL is based on 1x EV/FY15 estimated revs of $114.4 million for OVRL excluding pending Sphere 3D merger. Based on the success of the combined OVRL-Tandberg-Sphere 3D company in synergistic storage and cloud/virtualization platforms, the stock may have upside potential longer-term. The combined Sphere 3D/OVRL company has upside potential depending on the success of the merged Sphere 3D and OVRL/Tandberg virtualization software and data storage and management platforms, operating and product/customer synergies with the deal, recent branded network-attached storage (NAS) product initiatives such as the SnapServer DX and SnapScale X2/X4 scale-out platforms, continued operating expense improvements, and software/storage/cloud virtualization platform offerings that leverage the global scale and OEM/channel partnerships established by OVRL and Tandberg Data. Impediments to our price target include: inability to close the Sphere 3D and OVRL deal, lower than expected sales due to macro weakness in enterprise/SMB IT spending, delays in ramping new product platforms such as V3 virtualization/ storage and server appliance, SnapServer DX/SnapScale clustered NAS solutions, lack of success with Sphere 3D to sell integrated storage/virtualization software appliances and cloud services.