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hey guys been awhile since i posted mainly do my postings on twitter, but still follow dew and this board daily.
even i have to laugh ariadough and tgtxdough and dndndough. wow how time flies. dndndough was the stock that got me hooked in 90's
looking back over the 20 years doing this probably a mistake. but my intention was never about the name my intention all along was to provide info that might help others out. hopefully over the last 20 years to the ones that followed me on ihub silicon investorvillage and now twitter.
i have learned from so many in the past, just trying to help others now.
good news for today i am done from now on i will be @semodough on twitter
semo stands for southeast missouri where i was born raised and live
dough
SUN On tgtx http://www.twitlonger.com/show/n_1spmb5k
Thanks suntrust $tgtx We Expect Approval for TG-1101
Based on Positive GENUINE Data
What's Incremental To Our View
Today, TGTX announced highly positive GENUINE top-line data for the
TG-1101+ibrutinib doublet in high-risk r/r CLL. Based on these data (80%
ORR for the combo vs. 47% for ibrutinib alone), we expect an accelerated
approval by YE18, following a pre-BLA meeting with the FDA in 2H17 and a
BLA submission in 1H18. Full data from the trial will be presented at a medical
conference in June. If approved, we expect the combo will be used in 2L highrisk
CLL, with peak sales of at least $250MM in this indication. We reiterate our
Buy rating and raise our NPV-derived price target to $26 from $19.
We Expect Approval for TG-1101 on Positive GENUINE Readout... With
the TG-1101+ibrutinib combo showing ~30% absolute improvement in ORR
vs. ibrutinib monotherapy in high-risk r/r CLL (80% ORR for the combo vs.
47% for ibrutinib alone; p<0.001, median follow-up of 12 months) and favorable
trends in favor of the combo in a number of secondary endpoints (radiographic
CR, PFS, and time to response), we view GENUINE data as highly positive,
warranting an accelerated approval. We expect a BLA submission in 1H18
(likely late 1Q18/early 2Q18), following a pre-BLA meeting with the FDA in
2H17. Full data from the trial are expected to be presented at a medical
conference in June.
...Supported by Precedents from Other Approved Agents in CLL. While
some investors have inquired about TG-1101's approvability (even with
positive results) due to GENUINE's amendment midway (no SPA; smaller
sample size), we note that Imbruvica (ibrutinib), Venclexta (venetoclax), and
Zydelig (idelalisib) were all approved based on an ORR endpoint from singlearm
studies; therefore, we believe positive GENUINE data based on wellunderstood
mechanisms of action (MOA; anti-CD20+BTK) and sufficiently
large safety database provide a clear pathway for accelerated approval, while
full approval needs to await confirmatory results from TG-1101+TGR-1202's
UNITY-CLL study, likely in late 2018.
Unconfirmed Responses Unlikely to Have Impact on the Outcome. As
of the data cutoff, the company has included responses for patients that are
awaiting confirmation visits in the ORR analysis (9 in the combo arm and 5 in
the ibrutinib alone arm). Based on our calculations, at least 7 of 9 unconfirmed
responses in the TG-1101+ibrutinib arm would have to fail to achieve confirmed
responses for the absolute difference in ORR to fall below 20%. We believe
that this is highly unlikely as (1) so far only 1 (3%) of 39 patients on the
TG-1101+ibrutinib arm failed to have a confirmed response at the confirmation
visit and (2) as once a CLL patient responds, they usually remain under control.
Therefore, we believe these results will hold up and expect updated GENUINE
data in June to maintain an absolute difference in ORR of at least 20%.
Post-hoc Analyses Also Suggest Maintenance Of Robust Responses. Management's post-hoc
sensitivity analysis (which looked at patients enrolled in the first half - 1st 12 months vs. patients
enrolled in the second half - 2nd 12 months of the trial) showed that for patients on study for at least
12 months, the delta in ORR of TG-1101+ibrutinib vs. ibrutinib actually “widened” over time, which the
physician on the call believed was due to “some synergistic effect” between TG-1101 and ibrutinib
in this high-risk CLL patient population. The physician also noted that though there may be a small
increase in responses for ibrutinib-treated patients over time (an issue that has also been brought up
by several investors), he believes that the combo's impressive response rates are beyond what any
agent like ibrutinib as a monotherapy will be able to make up over time.
TG-1101+Ibrutinib Likely to be Used in 2L, in Front of Venetoclax. From the call, the KOL suggested
that the TG-1101+ibrutinib doublet regimen is likely to be used in the 2L setting, before Venetoclax,
for several reasons: (1) better tolerability and delivery vs. venetoclax (associated with tumor lysis
syndrome; blood monitoring) and (2) venetoclax can rescue ibrutinib-treated patients, but not viceversa.
We would expect initial uptake to be based on the label (high-risk r/r CLL patients with 17p
deletion, 11q deletion or p53 mutation), though other patients with extremely symptomatic (e.g.,
significant lymph nodes, hepatomegaly, splenomegaly) disease might also be good candidates for offlabel
use. The KOL also believes TG-1101 to be a highly differentiated CD20 antibody as the drug
appears to show benefit in patients who have been previously exposed to and/or are refractory to
rituximab. If approved, we expect initial pricing for the drug to be in-line with other CD20 antibodies,
though the company has suggested potential discounts/package pricing once the UNITY program
(TG-1101 + TGR-1202) is complete.
TG-1101+Ibrutinib Combo Could Generate At Least $250MM In Peak Sales. In the U.S., ~19K new
cases of CLL are diagnosed each year, and we estimate an addressable market of ~4,300 high-risk r/
r CLL patients in the U.S. and a similar number in OUS territories. Based on a ~$44K annual price for
TG-1101 (similar to Gazyva’s ~$44K), we expect peak sales of at least $250MM.
Model Updates. We have updated our model and increased our probability of success for TG-1101 in
the high-risk r/r CLL setting to 100% vs. 50% previously. Our NPV-derived PT goes to $26 (from $19).
TRIL data not til later today
http://abstracts.asco.org/194/AbstView_194_178378.html
From LR today. Interesting approval notice indicated ~50%+ PDL1 expression patients, language in the label suggests that it can be used for all PDL1 positive patients, no matter the expression level – the determination will be left to the physicians and not solely on the diagnostic. Seamus Fernandez spoke to MRK management who confirmed all PDL1 positive patients, and this is now a broader label than expected by the Street
Roth details target 8 bucks ANY: Update on 2Q15 Results; Maintain Buy
Sphere3D reported 2Q15 revenue/GAAP EPS results of $18.4 million/$(0.25) versus our $18.5 million/$(0.22) estimates. We believe that Sphere3D is making good progress in leveraging its cloud virtualization software and storage/virtualization appliance technology for any application and operating system running on any device including a key partnership with Microsoft's Azure Cloud services and good design wins in targeted verticals such as education and healthcare. We maintain our Buy rating with a $8 target price.
We view Sphere3D as an emerging player in virtualization and data management/storage technology. We believe that Sphere3D's Glassware 2.0 virtualization software can run any consumer or enterprise software application on any device platform in a cloud, enterprise, or hybrid cloud/ enterprise environment. In our opinion, Sphere3D has growing traction with strategic partners such as Microsoft, VMWare, Citrix and others to integrate and jointly develop cloud virtualization and storage/data management solutions. Recently, Sphere3D participated in a technology demonstration showcase with Microsoft’s Azure cloud services program to showcase its Glassware 2.0 software virtualization platform. We believe that Sphere3D is making good progress in integrating its Glassware 2.0 virtualization software platform with storage and appliance capabilities from acquired companies Overland Storage and V3 Systems with innovations such as cloud- based desktop virtualization and hybrid cloud/on premise storage with the SnapCLOUD NAS-based data storage.
Recent design wins likely resulting in significant revenue growth
beginning in 2016 include a Master Purchase Agreement with Novarad, a healthcare services provider, to deliver virtualization and data management capabilities to 400 healthcare facilities, a public school infrastructure deal to provide virtualization capabilities for on-demand, scalable course content distribution, student testing, evaluation and administration in a school district with a million students. Sphere3D is also engaged with several SMB and enterprise customers to migrate legacy software to a hybrid cloud environment.
Estimates & Target Price. We update FY15 (Dec) revenues/ GAAP EPS estimates from $90.0 million/$(0.76) to $84.8 million/$(0.85) and our FY16 estimates from $146.5 million/$(0.11) to $140.0 million/$(0.10) with positive adjusted EBITDA by 1Q16 at a quarterly revenue run-rate of $29 million. Our target price of $8 is based on 10x target P/E multiple on CY20 GAAP EPS estimate of $1.08 (revenues of $255.5 million and adjusted EBITDA of $78 million) discounted back at 10% per year. Our $8 target price is supported by a DCF analysis using a WACC of 8%. We caution investors that Sphere3D has to execute well with its designs for its Glassware 2.0 and SnapCLOUD storage/ data management technology and the partnership with Microsoft Azure.
CEO must go period
AMZN some aws numbers
2Q Summary and thoughts on the stock
2Q results were excellent with revenue/EPS upside, accelerating global EGM growth, AWS growth and gross profit growth, and better than expected N. America segment margins. Amazon reported revenue/GAAP EPS of $23.18bn/$0.19 vs. Street at $22.39bn/ ($0.14). Total revenue grew 27% y/y ex-FX, a 5 point acceleration vs. 22% in 1Q off a 110bps easier y/y comp. N. America EGM was stable at 31% vs. 31% in 1Q while Intl. GMV accelerated 6 points to 10% on an easier Japan comp. Also, AWS revenue was $1.82bn vs. our $1.61bn estimate and growth accelerated to 81% vs. 49% in 1Q. Gross margin of 34.5% was above our 33.1% estimate (35% y/y gross profit growth), and CSOI margin of 4.6% was above our 2.7% estimate aided by AWS. Total GAAP operating profit of $464mn beat our $1mn estimate.
We now expect 2015 revenue growth of 19% y/y and gross profit growth of 34% y/y, impressive given Amazon’s scale at $100bn+ in revenue. We now expect 2015 and 2016 AWS revenue of $7.8bn (+69% y/y) and $12.1bn (+54% y/y) and expect AWS to contribute 150-180bps per year to gross margins in 2016-2017. The only negatives we saw in results was acceleration in hiring (headcount up 38%) and q/q capex, which could be leading indicators of future margin pressure.
A risk going forward is the potential for an AWS price cut at the AWS re: Invent conference in October given that AWS segment margins were ~23% prior to the 2Q14 price cut. Our model assumes a 10-15% price cut in the Fall that impacts 4Q AWS revenue growth. Also, strong YTD results are driving the valuation multiple higher, which adds risk. However, we continue to like Amazon for the 2H given: 1) Prime traction to drive strong N. America EGM rev. into the holidays; 2) AWS revenue and margin strength to drive potentially higher multiples; 3) potential margin upside from AWS, 3P mix and fulfillment efficiency.
We are increasing our PO to $620 (from $535). Our SOP methodology values the AWS business at $173 per share based on 7.0x 2016E AWS revenue of $12.1bn and the retail business at $447 per share based on 1.05x our 2016E gross merchandise value (GMV) estimate of $207bn. We increased our AWS multiple from 6.5x to 7.0x given accelerating AWS trends. Our 7.0x AWS multiple is a slight premium to a SaaS comp group at 6.5x which we think is justified by higher growth (we cannot think of any $7bn companies growing at 80%+). We also increased our retail multiple from 0.95x to 1.05x (retail comps at 0.95x) given accelerating global EGM trends. If we assume a $173/share AWS value, the remainder of AMZN’s retail and advertising businesses would now trade at 0.92x 2016E P/GMV vs an average retail P/S at ~0.95x at the after-hour price of $565.. If we were to assume a 20x multiple on Amazon AWS EBITDA (closer to SaaS multiples), and a 1.05x multiple on our 2016 GMV estimate, we would get closer to a $700/share valuation.
Our $620 PO implies 2.3x 2016E sales, a multiple above the high end of Amazon's historical range of 0.8-2.1x. We would argue the historical P/S multiple should be increasing given positive third party sales (3P) that is reported on a net basis, a higher AWS revenue contribution, and record gross profit margins. Slower growth today vs Amazon’s history for the retail business would be a fair pushback on using a higher P/S multiples.
@pbookman: That's me sharing how to install Glassware from out of the box to deployment. It really is that simple. ;)
https://t.co/hOrMhnpFu1
In your spare time read this
http://howtofindbigstocks.com/wp-content/uploads/2015/06/SpiffySummaryWeekofJune152015.pdf
Good summary. I am still holding all of mine and
Adding when I can. Time frame. Don't really have one
Confident we will be purchased in next 2 years
You have my email if you need more info
Dough
CS very bullish on MSFT Love this statement
we believe that Microsoft Azure will emerge as the clear #2 market share player in public IaaS and will arise as the leader in public PaaS.
Lean, Mean, Cost-Cutting Cloud Machine
Results. Microsoft reported FQ4 results of EPS of $0.62 and $22.180 billion in revenue versus consensus of $0.58 and $22.056 billion, respectively. We are adjusting our FY2016 revenue to $92.891 billion from $97.085 billion and our EPS from $2.87 to $2.72. We are also adjusting FY2017 revenue to $101.473 billion from $104.450 and our EPS from $3.18 to $3.23.
Analysis. Microsoft reported revenue, margins, and EPS above consensus expectations due to strength in Office 365 and hardware, along with better than expected operating expense controls. Office 365 and Azure continued to show strong performance—with Office 365 reaching 15.2 million consumer subscribers (an increase of 171% year over year) and Commercial Cloud revenue growing 88% year over year (96% CC).
Although management guided FQ1 revenue and EPS below consensus (largely due to a greater-than-expected FX impact), we believe that PC shipments and Windows revenue are poised to improve into FY2016, particularly in H2 due to (11) the release of Windows 10 in late summer driving an "inventory restocking" at OEMs and in retail, (2) the release of Skylake from Intel, (3) stabilization in commercial demand following difficult comparisons due to the end-of-life of Windows XP, (4) a slowdown in the tablet market, and (5) increased popularity of hybrid laptops. Furthermore, Microsoft's margin outperformance this quarter and management's guidance for declining OPEX year over year in FY2016 (which was below its prior guidance) reflects continued cost control discipline. Outlook. We believe that Outperform-rated Microsoft can return to double-digit EPS growth by (1) continued rationalization of its cost structure, (2) further divestitures/exits of non-core businesses, (3) optimization of its capital structure, (4) stabilization in Windows pricing, and (5) an accelerated shift to Office 365 (i.e., "pull a full Adobe"). Furthermore, we believe that Microsoft Azure will emerge as the clear #2 market share player in public IaaS and will arise as the leader in public PaaS. We reiterate our Outperform rating and $55 target price.
@pbookman: @jkatcher74 I agree & love that vantage point. Hybrid cloud leadership w/ distributed technologies can utilize any public cloud. #blueocean
FBR MSFT
We believe Mr. Nadella's cloud vision will remain front and center as he looks to drive strong, organic growth at Microsoft over the coming years with cloud-enabled devices providing tailwinds to the company's fast-growing cloud (e.g., Azure, Office 365) initiatives. We believe Mr. Nadella's proactive approach at cleaning up the Nokia acquisition is a positive "tipping of the hand" around Microsoft's future focus on software (versus hardware) as the company heads into a pivotal year, with Windows 10 front and center as a major product catalyst set to launch next week. Overall, we believe the "Nadella era" at Microsoft is on track as he veers away from the status quo, representing a breath of fresh air for investors.
With 2015 shaping up to be another tough year for PC shipment unit growth given recent data from IDC indicating a continued deterioration in CY2Q15 (June) shipments and despite continued declines in Microsoft s Windows OEM business in F4Q, we believe Microsoft has some incremental tailwinds with the upcoming Windows 10 platform launch on July 29 and positive momentum on the tablet front. We also believe Mr. Nadella is taking necessary steps (e.g., free Windows on certain mobile devices, laser-focus on cloud/mobile) to ensure Windows successfully makes the transition to mobile devices and that longer-term growth coming off the PC market will be more than offset by growth in the cloud.
FBR VMW
With the large majority of server workloads (we estimate 70%- plus) penetrated, the company faces growth challenges as it looks to diversify away from its vSphere-focused top line, in our view, despite the increased focus on suite offerings, good uptake of VMware's management tools, and growing its non- stand-alone vSphere business. Although we believe VMware will continue to benefit from a number of secular trends (e.g., next- generation applications, big data, cloud) in the field, we believe competition across a number of fronts (e.g., EUC, mobile device management, etc.), as well as the potential for pricing pressure at the core as competing virtualization technologies ramp, could dull growth prospects for FY16 and beyond.
With a large amount of license revenue coming from vSphere and related products, expanding the companys product footprint has been looked upon favorably by the Street. With the company s newer/updated offerings (e.g., vSphere, vCloud Suite, NSX, VSAN, EVO:RAIL, etc.) and the focus on providing the software-defined datacenter, we believe VMware continues to hold competitive advantages in a number of key virtualization areas (compute, storage, networking). That said, in our opinion, the company faces growth challenges at its core given our expectations for fading tailwinds from the all-important ELA cycle as this area for VMware matures and as competition heats up.
As customers purchase more products around the SDDC (e.g., vCloud Suite, vSOM, VSAN, etc.) and adoption of its new products ramps, the company will face the challenge of balancing growth and profitability. Management s reiterated 2015 margin expectations are for 31.5%, and while we note that the company has historically done a commendable job with this balance, in our view, increasing competition from other large technology vendors (e.g., MSFT, IBM, CTXS, CSCO, etc.) and the potential for pricing pressure at the core could add challenges to significant margin expansion.
Tons of reports out today on MSFT VMW
Much better use of time digging for $ANY info
Then responding to him
Commercial Cloud strength carries on. Commercial licensing fell 4% Y/Y-CC as Office shifts to O365, Windows headwinds post XP end-of-life, and weak transactional server revenue. That said, Commercial Other strength continued, with Commercial Cloud up 96% Y/Y-CC and on an $8B+ run-rate, Azure revenue up triple digits, and solid Enterprise Mobility growth. We expect commercial cloud revenue growth to continue and given Microsoft's growing O365 and Azure platforms, we think there is continued opportunity for premium up/cross-sells. Said differently, we do not believe the shift to the cloud to be cannibalizing over the short-to-medium term given a broader portfolio of products with deeper functionality as well as Microsoft's ability to enter new categories where it did not compete in previously.
¦ ¦ ¦ ¦ ¦
¦ ¦
CommercialLicensing:$9.1-$9.2B(down8%-7%Y/Y) CommercialOther:$3.1-$3.2B(up29%-33%Y/Y) COGS:$7.0-$7.2B(reductionof13%-15%Y/Y) OPEX:$7.6-$7.7B(reductionof3%-4%Y/Y)
FX: 4% headwind to D&C revenue; 7% headwind to Commercial revenue; 5% headwind to total revenue
Otherincomeandexpenses:(-$200M)
Unearned revenue: Q/Q decline slightly better than historical seasonality excluding net impact from Win 10 revenue deferrals and impact from FX
F2Q16:
¦ FX: 3% headwind to D&C revenue; 7% headwind to Commercial revenue; 5% headwind to total revenue
F2H16:
¦ FX: 2% headwind to D&C revenue; 4% headwind to Commercial revenue; 3% headwind to total revenue
FY16:
¦ Windows10:Win10momentumtobereflectedinbusinessresultsin2H16
¦ Xbox: Xbox will continue to grow profitability with continued momentum and
October launch of Halo 5
¦ Phone Hardware: Given recent announced changes, expect significant Y/Y revenue declines each quarter and overall losses to decline for the FY (expect to see majority of improvement in 2H16 once restructuring is complete)
¦ Bing:tobeprofitableonastand-alonebasisinFY16
¦ Commercial: continued commercial momentum and remain on track to
achieve $20B commercial cloud ambition in FY18
¦ OPEX: $32.1-$32.4B (flat to down 1% Y/Y [prior was flat Y/Y]; reflects
savings from phone business and investments in Win 10, first-par ty hardware, and sales headcount).
¦ Tax rate: 24% +/- 1% excluding net impact from Windows 10 revenue deferrals
FY18 Ambitions (from April 2015 Analyst Day at the Microsoft BUILD conference):
¦ $20B annualized run rate in Commercial Cloud revenue in FY18 (vs. $6.3B run-rate, implying ~46% CAGR)
¦ 1billionactiveWindows10devicesinFY18
¦ Over 65% of the Exchange installed base will be on Office 365 (~35% at
FY15)
¦ Over 50% of the Office Commercial installed base will be on Office 365 (~25% at FY15)
¦ Microsoft believes O365 represents a long-term 1.2x uplift for new enterprise assurance customers, a 1.4x uplift for existing EA customers, and a 1.8x uplift for transactional customers
If you seriously read this tweet 20 billion in cloud
Revenue by 2018. How can you not be invested in $ANY
Biggest mistake here is trying to trade. Buy and hold
https://twitter.com/dougheuringaria/status/623838462722965504
From MSFT
MSFT looks forward to Windows 10, revenue for that division dropped 22 percent, a figure that it attributed to XP's end-of-support cycle.
Humm anybody know of a solution
Ingram micro. One large company
Ingram Micro (IM, $24.68, Buy): Trimming estimates on consumer related weakness and somewhat softer trends from enterprise. We are tweaking our forward estimates lower on Ingram to account for somewhat lower-than-expected spending from consumer and certain enterprise customers as well as increase competitiveness in the channel.
? Our expectations. Based on our resellers survey, we believe the company is seeing seasonal to slightly below trends in N. America while Europe remains mixed. We believe pricing still remains somewhat competitive particularly for consumer related products. Looking beyond the June-Q, we expect Ingram to point to a seasonal start in N. America with puts and takes on Europe (in addition to FX). We do believe pricing will stabilize gradually on rebate resets and price hike (by OEMs) benefits. We expect margins to gradually expand on improved mix (higher mix of cloud and services) and benefit from its recently announced restructuring activities. We also expect to get an update on IM’s relationship with Verizon’s dealer networks business, which led to lower-than-expected sales and gross margin pressure in the Mar-Q.
? Our estimates. We are tweaking our June-Q revenue and EPS estimates from $10.90bn and $0.54 to $10.88bn and $0.53. For the Sep-Q, we are now modeling sales up ~5% q/q to $11.41bn with essentially flat gross margin. Our EPS estimate is at $0.64. We also note that the company recently closed the acquisition of Arabian Applied Technology, which is expected to add about $200mn annually. Our FY15 estimates go from $47.12bn and $2.76 to $46.86bn and $2.72.
? Our take: Even with our number cuts, the stock is inexpensive, trading at ~9x P/E, which is below its peers and its historical average. We believe the current valuation metrics do not give the company enough credit for volume leverage, cost reduction efforts and focus on higher margin businesses. We maintain our Buy rating.
? Our 12-month target price of $33 is based on roughly 10x our FY16 non- GAAP EPS estimate of $3.26. Risks to our target price include: potential market share losses in Europe due to the significant restructuring efforts; a renewed pricing war between Ingram and its competitors if end demand fizzles; issues with IM’s enterprise-resource-planning (ERP) IT integration plans (though we do not see heavy lifting for the next few quarters).
Or the question is how significant is this to $MSFT or they willing to let AMZN or
Google in??
Worth repeating roth comments after news today 50 BILLION
Sphere3D is well-positioned to target next-generation mobile, social, and big data applications. We believe that Sphere3D, with its Glassware 2.0 virtualization software and ability to virtualize any application in any environment, is well-positioned to benefit from the trend to migrate enterprise and consumer applications to a cloud-only or a hybrid premise-based enterprise and cloud environment. According to IDC, the total available market (TAM) for cloud virtualization software, services, infrastructure, storage, and backup appliances is likely to approach $50 billion by 2018. In our opinion, Sphere3D, with its Glassware 2.0 virtualization software, V3 Systems desktop virtualization appliance, Overland Storage distributed network attached storage (NAS) platforms such as SnapServer and SnapScale appliances, SnapCLOUD storage, and Tandberg Data removable disk cartridges and tape drives, is well-positioned to address a significant portion of this $50 billion market over the next five years. We believe that many small/medium business entities and large enterprise OEMs will likely adopt a hybrid cloud architecture that leverages the security, control, and cost- effectiveness of on-premise storage, networking, and data processing with the simplicity, scalability, and on- demand capabilities of a cloud-based architecture. In our opinion, Sphere3D is well-positioned to enable this migration to a hybrid cloud architecture with the company’s blend of on-premise and cloud-based software, storage, and data management capabilities.
Features & Benefits of Sphere3D’s Glassware 2.0 Virtualization Technology. We believe that Sphere3D’s Glassware 2.0 virtualization technology is a container-based virtualization technology that is significantly faster than other virtualization technologies due to its ability to host multiple operating systems and applications on a common kernel. In our opinion, this container-based technology is optimized to run and remotely deliver native- speed applications performance on any device and operating system since it eliminates the performance overhead associated with traditional hypervisor-based virtualization. We note that Glassware 2.0 supports all Windows, Linux, Android, and any proprietary mainframe or legacy operating system and applications written in the last 30 years and enterprises can use Glassware 2.0 to quickly migrate legacy applications to the cloud. We note that Docker (a high-profile private software company which has raised over $200 million dollars at a billion dollar recent valuation) enables new applications to be containerized and easily developed. In contrast, Glassware 2.0 is optimized to remotely run existing and new software on any operating system at “native speeds” without recompilation. Sphere3D has demonstrated a 10x improvement in the number of hosted, concurrent users for a Glassware appliance-based Windows Azure cloud virtualization environment versus traditional virtualization stacks running on a Windows server environment.
Features & Benefits of Sphere3D’s SnapCLOUD Storage Platform. In our opinion, Sphere3D’s recent launch of the SnapCLOUD hybrid enterprise and cloud storage and data management platform combines the best elements of performance, cost, and security of on-premise SnapScale and SnapServer NAS storag
with the simplicity, scalability, and pay-as-you go capability of a cloud-based storage and management platform. The SnapCLOUD architecture leverages Overland Storage’s 30+ years of experience in deploying enterprise grade storage platforms with a robust, scalable, high-performance NAS system with Glassware 2.0 virtualization and cloud capabilities. In our opinion, Sphere3D’s Glassware 2.0 platform and SnapCLOUD storage platform may allow cloud service providers such as Microsoft Azure to offer high-performance applications and software-as-a-service (SAAS) together with cloud and enterprise hybrid storage capabilities and allow a seamless migration path for SMB and large enterprise customers to migrate their legacy software applications to a hybrid cloud model.
Global Presence With Established Distribution/Reseller Channel. We believe that Sphere3D, through its acquisition of Overland Storage/Tandberg Data and V3 Systems now has a global presence with established distribution and reseller channel in key markets such as USA, Canada, Europe/Middle East, China, Japan, and India. Sphere3D, subsequent to the Overland Storage merger, also has blue chip customers such as British Telecom, Boeing, Ricoh, Johnson Controls, JP Morgan, Fujitsu, Coca-Cola, McDonald's, Philips, Fiat and others. We note that Sphere3D, along with acquired companies Overland Storage, Tandberg Data, and V3 Systems, has a network of 20,000 resellers in 90 countries. We believe that strategic partnership with industry leaders such as Microsoft, VMWare, and others and an installed based of over 1 million storage/data management units globally storing Exabytes of data gives Sphere3D good credibility with large enterprise and SMB customers.
Citi on VMW Expecting another "Drama-Free" Quarter
? VMW reports Q2 results July 21st - 5PM ET Call. Details at ir.vmware.com
? Neutral to positive Q2 set-up as we look for inline to slightly better report –
Our inputs from partners, competitors and others in the ecosystem suggest better new product traction, but more importantly better ELA execution. We expect strongest trends in the U.S., with potentially more mixed trends in Europe owing to macro conditions and VMware execution. Our estimates ($1.59B / $0.92) are slightly ahead of street ($1.59B / $0.91), which are both in-line with guidance range.
?Expecting incremental new product traction, but no inflection point– We continue to hear VMware making progress across the board, with most tangible impact in vCloud Suites / vRealize management where vSphere 6 release (April) brought more maturity of products, driving incremental attach. In particular the position of vRealize Automation is making VMware more strategic in enterprise customers building internal IaaS capabilities. More focus on EUC from sales and marketing perspective is better enabling VMware to upsell both Airwatch mobility solution and Horizon desktop products. While 6.0 wave of products has brought improvement, we believe turnaround vs. FY14 has mostly been as a result of better execution, especially around multi-product ELAs.
?“Drama-free” quarter where VMW continues to re-build credibility – After tumultuous FY14 with annual and mid-term guidance changes, we expect the Q2 report will bring inline Q3 guidance (potentially higher maintenance mix / lower license vs. us / street) and no change to annual guide. While we remain convinced it was execution that plagued FY14 vs. secular changes, we believe consistency in results will help to turn down the volume on controversy (public cloud, PaaS, containers, etc). Beyond these concerns, we continue to hear investor uncertainty around normalized cash generation in FY16 after a number of one-time items this year. We believe stock can outperform significantly as visibility into and upside towards FY16 FCF (Citi: ~$2.0B / street:$2.2B) can help expand ~14-15x FY16 EV/FCF multiple.
@OverlandStorage: Chewbacca comes to @Sphere3D to meet his planet’s #virtualization #storage needs from across the galaxy http://t.co/qjkT6fAJx4
Great post @simoncrosby http://t.co/NEQqmTKNu6 #security #innovation
— Michael Keen (@michael_keen) July 13, 2015
Just FYI I confirmed with Jason stutman it was $ANY
Wow your article sure sounds like $ANY @Sphere3D My favorite company.
techinvestingdaily.com/articles/inves…
http://www.techinvestingdaily.com/articles/investment-opportunities-in-cloud-based-virtualization-stocks-investing/681
Will be follow up coming out with name
UBS on MSFT
Lots of anticipation around upcoming release of new OS
The upcoming release of Windows 10 (July 29th) represents another important step in the evolution of Microsoft's new, more open strategy. While the OS has been shrinking as a % of total revs, it still makes up ~15% of MSFT revenue, and with six years now separating this OS from the Windows 7 release (July 2009), we feel the company can ill afford another lackluster Windows 8-like adoption cycle. We have identified five key questions for investors about the new OS prior to release: 1) What's new in Windows 10? (2) What prevents this from becoming Windows 8 all over again? (3) What will it cost? (4) Are upgrades truly free? (5) How will the new OS impact financials? We will be hosting a call (TH, 7/16) w/ MSFT expert Mary Jo Foley to further discuss what's new in W10 as well as recent business decisions the company has made (details to follow).
Streamlining continues with recently announced phone business restructure
FQ4 results will include a one-time impairment charge of ~$7.6B as well as ~$800M in restructuring related to the phone hardware business (does not impact non-GAAP or CF). Management continues to show commitment to tough choices which we feel are right for the LT vision of the company inc. focusing on a smaller number of growing businesses w/ demonstrated room for OPX improvements and emphasis on software rather than hardware. This round (~7800 employees) likely impacts margins more than previous cuts, as more high-cost employees are to be included.
Revising our estimates to account for new W10 revenue recognition method
Revising estimates to account for new 'Windows as a Service' revenue recognition method (details inside) and muted phone contribution. Although this pro-rata method lowers our estimates (Rev/EPS, but not CF) to below consensus expectations, we note the impacts are mechanical rather than fundamental and that many St. models are not yet accounting for this change. Price hikes for enterprise cloud products are also expected to begin Aug.1 in select regions, resulting from changes in FX.
Valuation: trading at 9.5x CY16E EV/FCF
We elect to value the company on a CF-basis during this transition and note MSFT shares are trading at a ~30% discount to peers (13.2x CY16E) on this metric. Adjusting PT to $52 (prior $50) based on 11x CY16E EV/FCF estimates.
Can someone take picture of it please. Needs to tweeted
Cowen just out 35 pages. MSFT AMZN leaders
TMT:
AMZN/MSFT/GOOG/RAX/IBM, Public Cloud Report: Survey of 200+ public cloud users positive for AMZN, MSFT, RHT, VMW, RAX less so for GOOG and IBM: LINK TO FULL REPORT & DISCLOSURES
· Reliability and security remain areas of focus but no longer barriers to adoption and are now critical reasons for determining vendors (ie reliability #1, #2 & #3 reason for selecting AWS), positive for long term TAM. Cost a main concern.
· Spending remains robust. Future growth likely to be driven by enterprise with enterprise spend expected to grow 26% in '16
· Increasingly a 2 horse race with AMZN AWS leading MSFT Azure
o AWS still leading the pack, raising our AWS estimates, valuation to $38B, and AMZN target to $435. Ranked #1 in share of budget and a close #2 to Azure in overall usage LINK TO FULL REPORT & DISCLOSURES
o MSFT Azure 2nd place in overall spend at 23% to AWS' 27%, highest ASP amongst enterprise vendors at $240K
· Survey results were less positive for GOOG Cloud placing in the middle of the pack in usage, average overall spending, and expected spending growth despite sig investments and price cuts
· RHT findings positive on percentage of workloads that were Linux based and 74% of respondents expect to deploy Linux containers in production next 3 yrs and 42% in 2 yrs
· VMW screened better than expected despite being seen as most expensive with vCloud Air ranking #1 in reliability, #2 in consistent performance, and 59% expect to use VMW orchestration software.
· RAX ranked in the 2nd tier for public cloud (1/3 of RAX business) but interest appears to remain high. RAX ranked 3rd in expected growth, and 9% who weren't using RAX were considering adding as an additional provider [highest overall].
RBC out with 35 page cloud report today.
Let me know if you need more details
2Q15 Cloud Product & Pricing Update
Cloud Pricing
Google's price cuts were the most significant during 2Q15 amongst the major providers of public cloud services, when measured against RBC's array of use cases. Other 2Q15 actions included a minor change at Amazon Web Services, and price increases at IBM Softlayer and AT&T Cloud as well as (earlier) Microsoft's earlier discontinuation of its term commitment discounts.
• Google’s introduced lower rates on compute instances that drove an effective rate cut of ~18-22% when priced against our use cases.
• AWS’ pricing changes drove a minor effective rate decrease (~1%), mostly on newer and lower priced compute instances.
• IBMSoftlayer’schangesdroveaneffectiveincreaseof~11-20%,aslower RAM pricing was more than offset by higher bandwidth pricing.
• On the telco side, changes at AT&T Cloud resulted in a ~3% increase, driven by lower RAM pricing offset by higher bandwidth pricing.
Pricing levels at the other public cloud platforms remained flat during 1Q15. By way of comparison, 1Q15 public-cloud price cuts occurred at VMWare (~21%), Verizon Cloud (~45%) and CloudSigma (~19-21%), when measured against RBC’s use cases.
Product Changes
The most notable 2Q15 feature/product introductions included:
• Amazon Web Services' EC2 C4/D2/M4 compute instances (which provide greater CPU, local storage, and RAM)
• Microsoft Azure G-series cloud instances (which provide greater RAM and local SSD storage) and general availability of Azure premium storage.
• Google’s new Preemptible compute instances (which provide lower pricing than its conventional cloud product, but on a best-efforts basis).
• IBM-Softlayer’s new high performance block/file storage.
• Oracle’s newly introduced cloud services. Since Oracle’s products are currently purchasable only on a product-specific basis, and pricing and product details for its cloud compute offer are not available (or purchasable) on its Web site, we do not include it in our cross-platform pricing comparison. But on a resource-specific basis, we find that Oracle's pricing is roughly comparable to major peers on most of its
storage and bandwidth produces, but it prices at a premium on IO.
• We also noted a revamped offer at Verizon Cloud in late 1Q15, with a simplified pricing structure for storage, IO, and compute instances vs.
Verizon Terremark.
Net: 1H15 pricing and product activity has been more measured amongst the major cloud platforms, with less of the rampant discounting that we observed a year ago. The following discussion and exhibits provide greater detail on recent and historical pricing and product trends.
PublicCloud RevenueYieldperGBRAM
Ron. Tgtx IMHO still way undervalued
http://ir.tgtherapeutics.com/events.cfm
I have reports if need them. But Bottomline
Is tgtx safest drug in its class
@billjoy72: @dougheuringaria @michael_keen @Sphere3D Why would #microsoft buy #Dockers when #Win10 & #Azure are built on Glassware container tech? $ANY
long story on the name
just call me dough lol or anydough
Sphere 3d longs. Why why do you keep responding
To one poster that brings nothing at all to this board
Quit replying !!!!
Sphere 3D SnapCloud presents as a physically attached local NAS for read/write, backups and replication between hardware and cloud instances.
Sphere 3D is moving its NAS to the cloud with SnapCloud, which will be available running in Microsoft Azure in July.
The cloud NAS is part of Sphere 3D's strategy to virtualize its storage hardware stack. Customers are not required to add Sphere 3D NAS hardware or download software upgrades to use SnapCloud.
Sphere 3D started as a virtualization software vendor and picked up Overland's storage portfolio, including SnapServer, SnapScale NAS and RDX QuikStor backup appliances, in an $81 million merger in December.
SnapCloud is a virtual edition of the vendor's GuardianOS. Customers can purchase a license in Microsoft Azure for Sphere 3D cloud storage as an adjunct to their on-premises local storage on SnapServer NAS and SnapScale clustered NAS platforms.
Pay-as-you-go virtual NAS in Microsoft Azure
SnapCloud storage will be available in 1 GB increments and scale to 32 TB per image. The virtual version of GuardianOS will integrate SnapCloud storage with existing physical Sphere 3D storage. Sphere 3D said all its storage can be managed from its Web-based SnapServer Manager orchestration software.
SnapCloud is presented as a physically attached local NAS. Users can read and write to applications, schedule backups and replicate snapshots between SnapCloud and Sphere 3D NAS boxes. Sphere 3D keeps a local copy of data replicated to SnapCloud as a standard feature for rapid recovery.
SnapCloud will be available via the Azure Marketplace. Pricing will be set closer to availability.
SnapCloud use cases could include primary storage, DR and backup
Nilesh Patel, Sphere 3D vice president of product management and marketing, said SnapCloud provides "SnapServer-like functionality" in the public cloud. Primary storage, backup and archive, and disaster recovery are viewed as potential use cases.
"Now our customers have the choice of buying physical SnapServer NAS appliances and firing off a virtual NAS instance in the public cloud. All they do is create a SnapCloud instance in Microsoft Azure. They will be able to access it using a standard NFS or CIFS protocol and start mounting a set of storage pools to application users within minutes," Patel said.
"It appears as if they bought new SnapServer [appliances] and placed them somewhere outside their private network or physical storage environment."
Deni Connor, a principal analyst with Storage Strategies Now, said Sphere 3D wants to capitalize on the growing trend toward cloud-based file storage.
"That gives them a cloud gateway capability so that users can store their data wherever they want. The fact they are allowing file and block access as well as supporting snapshots and replication is important," Connor said.
Patel declined to specify whether Sphere 3D's roadmap includes SnapCloud iterations for other clouds, such as Amazon Web Services or VMware vCloud Air.
"That functionally would be very easy to do, but we believe Microsoft Azure is probably the fastest-growing cloud deployment, particularly for primary storage and enterprise use cases," he said. "This rollout doesn't preclude us from looking at other cloud offerings if customer demand is there."
Exclusive: Satya Nadella reveals Microsoft’s new mission statement, sees ‘tough choices’ ahead
BY TODD BISHOP on June 25, 2015 at 10:41 am
Microsoft CEO Satya Nadella. (Microsoft File Photo)
Microsoft CEO Satya Nadella sent a companywide email to employees this morning — laying out a broad agenda for Microsoft’s new fiscal year, setting the stage for the upcoming Windows 10 launch and revealing the company’s new, official mission statement: To “empower every person and every organization on the planet to achieve more.”
The new mission statement will not be a surprise to anyone who has been following Nadella’s tenure at the helm of the company, but it crystalizes Nadella’s vision for the company and is significantly more straightforward than the mission statement espoused by his predecessor.
We will need to innovate in new areas, execute against our plans, make some tough choices in areas where things are not working and solve hard problems in ways that drive customer value.Nadella’s latest email is not being distributed publicly by the company. It was obtained independently by GeekWire. The email amounts to a “State of the Union” message for employees, setting a tone and direction for the upcoming year. It reinforces many of the changes that are already underway, including the company’s focus on mobile devices and cloud services.
The message also addresses the evolution of the company’s culture as Microsoft attempts to become more nimble and responsive.
“I believe that culture is not static,” Nadella concludes. “It evolves every day based on the behaviors of everyone in the organization. We are in an incredible position to seize new growth this year. We will need to innovate in new areas, execute against our plans, make some tough choices in areas where things are not working and solve hard problems in ways that drive customer value.”
The email follows the announcement by Nadella last week that four top executives will be leaving as part of a broader management overhaul that combines the company’s Windows and Devices groups. Last week’s news was the biggest shakeup at the company since Nadella announced 18,000 job cuts last year, and today’s email gives him a new chance reinforce the company’s vision for its more than 118,000 worldwide employees.
Here’s the full text of today’s email, as obtained by GeekWire.
Team,
I believe that we can do magical things when we come together with a shared mission, clear strategy, and a culture that brings out the best in us individually and collectively. Last week I shared how we are aligning our structure to our strategy. Today, I want to share more on the overall context and connective tissue between our mission, worldview, strategy and culture. It is critical that we start the new fiscal year with this shared vision on what we can do and who we want to become.
Mission. Every great company has an enduring mission. Our mission is to empower every person and every organization on the planet to achieve more. I’m proud to share that this is our new official mission statement. This mission is ambitious and at the core of what our customers deeply care about. We have unique capability in harmonizing the needs of both individuals and organizations. This is in our DNA. We also deeply care about taking things global and making a difference in lives and organizations in all corners of the planet.
Worldview. We must always ground our mission in both the world in which we live and the future we strive to create. Today, we live in a mobile-first, cloud-first world, and the transformation we are driving across our businesses is designed to enable Microsoft and our customers to thrive in this world. It’s important to note that our worldview for mobile-first is not just about the mobility of devices; it’s centered on the mobility of experiences that, in turn, are orchestrated by the cloud. That is why we think of these two trends together. What we do with our products and business models has to account for this fundamental transformation.
Strategy and ambitions. Our strategy is to build best-in-class platforms and productivity services for a mobile-first, cloud-first world. Our platforms will harmonize the interests of end users, developers and IT better than any competing ecosystem or platform. We will realize our mission and strategy by investing in three interconnected and bold ambitions.
1. Reinvent productivity and business processes
2. Build the intelligent cloud platform
3. Create more personal computing
These ambitions utilize a unique set of assets that span productivity services, cloud platform, our device platform and our family of devices. There is an explicit path dependence on how we achieve the “inter-connectedness” between the various elements of our strategy to gain momentum.
· First, we will reinvent productivity services for digital work that span all devices. We will also extend our experience footprint by building more business process experiences, integrated into content authoring and consumption, communication and collaboration tools. We will drive scale and usage by appealing to “dual-use” customers, providing productivity services that enable them to accomplish more at work and in the rest of their life activities with other people.
· Second, all these experiences will be powered by our cloud platform – a cloud that provides our customers faster time to value, improved agility and cost reduction, and solutions that differentiate their business. We’ll further provide a powerful extensibility model that is attractive to third-party developers and enterprises. This in turn enables us to attract applications to our cloud platform and attach our differentiated capabilities such as identity management, rich data management, machine learning and advanced analytics.
· Finally, we will build the best instantiation of this vision through our Windows device platform and our devices, which will serve to delight our customers, increase distribution of our services, drive gross margin, enable fundamentally new product categories, and generate opportunity for the Windows ecosystem more broadly. We will pursue our gaming ambition as part of this broader vision for Windows and increase its appeal to consumers. We will bring together Xbox Live and our first-party gaming efforts across PC, console, mobile and new categories like HoloLens into one integrated play.
Strength across all the ambitions enables us to deliver high value to our customers while providing us with the ability to differentiate ourselves from our competitors.
Culture. Perhaps the most important driver of success is culture. Over the past year, we’ve challenged ourselves to think about our core mission, our soul — what would be lost if we disappeared. That work resulted in the mission, strategy and ambitions articulated above. However, we also asked ourselves, what culture do we want to foster that will enable us to achieve these goals?
We fundamentally believe that we need a culture founded in a growth mindset. It starts with a belief that everyone can grow and develop; that potential is nurtured, not predetermined; and that anyone can change their mindset. Leadership is about bringing out the best in people, where everyone is bringing their A game and finding deep meaning in their work. We need to be always learning and insatiably curious. We need to be willing to lean in to uncertainty, take risks and move quickly when we make mistakes, recognizing failure happens along the way to mastery. And we need to be open to the ideas of others, where the success of others does not diminish our own.
We have the opportunity to exercise our growth mindset every day in three distinct areas:
· Customer-obsessed. We will learn about our customers and their businesses with a beginner’s mind and then bring solutions that meet their needs. We will be insatiable in our desire to learn from the outside and bring that knowledge into Microsoft, while still innovating to surprise and delight our users.
· Diverse and inclusive. The world is diverse. We will better serve everyone on the planet by representing everyone on the planet. We will be open to learning our own biases and changing our behaviors so we can tap into the collective power of everyone at Microsoft. We don’t just value differences, we seek them out, we invite them in. And as a result, our ideas are better, our products are better and our customers are better served.
· One Microsoft. We are a family of individuals united by a single, shared mission. It’s our ability to work together that makes our dreams believable and, ultimately, achievable. We will build on the ideas of others and collaborate across boundaries to bring the best of Microsoft to our customers as one. We are proud to be part of team Microsoft.
If we do all of this, we will achieve our mission to empower every person and organization on the planet. Beyond that, we will make a difference and find deep meaning in our work. We stand in awe of what humans dare to achieve, and we are motivated every day to empower others to achieve more through our technology and innovation.
When we come together as a team, with our exceptional talent and the mindset of a learner, we will grow as individuals, we will grow as a team, we will grow with our customers and partners, we will grow our opportunity, and we will grow our business going forward. And, ultimately, we will grow the impact we have in the world.
We’ve already started this evolution with things like OneWeek and Hackathon, customer feedback loops, our focus on usage in the engineering teams, our performance review model, as well as our diversity and inclusion efforts including the new unconscious bias training. We will do more and more to support the culture we have and recognize impact when we see it.
A good example of our culture in action right now is the work around Windows. We have approached Windows 10 with a growth mindset and obsession for our customers. We have the opportunity to connect with 1.5 billion Windows customers in 190 countries around the globe. We aspire to move people from needing Windows to choosing Windows to loving Windows. … Certainly we want to upgrade as many of our current Windows 7 and 8.1 customers to Windows 10 as possible through our free upgrade offer. More than that, though, we see this as an opportunity to support and celebrate how people and communities upgrade their world every day. To that end, starting on July 29 when Windows 10 becomes available, employees are invited to volunteer some time and upgrade their communities as part of the broader movement. More details will be available in the coming weeks — our hope is that not only our employees, but customers and partners as well, will get involved and be inspired. Together, we can make a big difference in our world.
I believe that culture is not static. It evolves every day based on the behaviors of everyone in the organization. We are in an incredible position to seize new growth this year. We will need to innovate in new areas, execute against our plans, make some tough choices in areas where things are not working and solve hard problems in ways that drive customer value. I really do believe that we can achieve magical things when we come together as one team and focus. I’m looking forward to what we can achieve together in FY16.
Satya
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Out in Tech: What
Hugo = KEUBIKO for sure. Tweet then come over
I post more roth details letter. Nice to see
Roth first. Expecting CS next
Roth details
ANY: Initiating Coverage With Buy Rating
We initiate coverage of Sphere3D Corporation (NASDAQ: ANY) with a Buy rating and $8 price target. Following the merger between Overland Storage (OVRL) and Sphere3D, we believe that Sphere3D is making good progress in leveraging its cloud virtualization software and storage/virtualization appliance technology for any application and operating system running on any device including a key partnership with Microsoft's Azure Cloud services.
We view Sphere3D as an emerging player in virtualization and data management/storage technology. We believe that Sphere3D's Glassware 2.0 virtualization software can run any consumer or enterprise software application on any device platform in a cloud, enterprise, or hybrid cloud/ enterprise environment. In our opinion, Sphere3D has growing traction with strategic partners such as Microsoft, VMWare, Citrix and others to integrate and jointly develop cloud virtualization and storage/data management solutions. Recently, Sphere3D participated in a technology demonstration showcase with Microsoft’s Azure cloud services program to showcase its Glassware 2.0 software virtualization platform. We believe that Sphere3D is making good progress in integrating its Glassware 2.0 virtualization software platform with storage and appliance capabilities from acquired companies Overland Storage and V3 Systems with innovations such as cloud- based desktop virtualization and hybrid cloud/on premise storage with the SnapCLOUD NAS-based data storage architecture.
Recent design wins likely resulting in significant revenue growth
beginning in 2016 include a Master Purchase Agreement with Novarad, a healthcare services provider, to deliver virtualization and data management capabilities to 400 healthcare facilities, a public school infrastructure deal to provide virtualization capabilities for on-demand, scalable course content distribution, student testing, evaluation and administration in a school district with a million students. Sphere3D is also engaged with several SMB and enterprise customers to migrate legacy software to a hybrid cloud/enterprise environment.
Estimates & Target Price. Our FY15 (Dec) revenues/ GAAP EPS estimates are $90.0 million/$(0.76) rising to $146.5 million/$(0.11) in FY16 with the company likely achieving positive adjusted EBITDA by 4Q15 at a quarterly revenue run-rate of $30 million. Our target price of $8 is based on 10x target P/E multiple on CY20 GAAP EPS estimate of $1.04 (with revenues of $255.5 million and adjusted EBITDA of $72.3 million) discounted back at 10% per year. Our $8 target price is supported by a DCF analysis using a WACC of 8%. We caution investors that Sphere3D has to execute well with its design wins for its Glassware 2.0 and SnapCLOUD storage/data management technology and also successfully execute on the partnership with Microsoft Azure Cloud services and other key partner programs.
@dougheuringaria to my knowledge @Sphere3D has only containerization solution for end user apps,
— Simon Bramfitt (@SimonBramfitt) June 22, 2015
Tweeted with permission. Thank you Scott
https://twitter.com/dougheuringaria/status/612645906291126272