Replies to post #32539 on Sphere 3D Corp (ANY)

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Our Take

The company has been undertaking strategic initiatives to review and strengthen its operations. The exit from its businesses in less-profitable regions like Chile, Peru, and Uruguay is also a positive.

Recently, the company extended its collaboration agreement with Sphere 3D Corp's ANY subsidiary, Overland Storage. The agreement will enable Sphere 3D to offer its cloud and hybrid cloud solutions through Tech Data's cloud solutions store. In July, the company announced an update for its StreamOne platform and also announced its latest additions to the TDCloud portfolio. These offerings are designed to offer channel partners with new cloud opportunities and capabilities to strengthen their businesses.

However, the ongoing business transition is likely to affect financials in the near term. Moreover, Tech Data's performance will significantly depend on the demand for personal computers.