NEW YORK (TheStreet) -- Shares of Sphere 3D (ANY) - Get Report were falling 6.5% to $3 on heavy trading volume after the virtualization and data management solutions provider missed analysts' estimates for revenue in the second quarter.

Sphere 3D reported revenue of $18.4 million for the second quarter, below analysts' estimates of $20.9 million for the quarter. The company reported a loss of 15 cents a share for the quarter, above analysts' estimates of a loss of 16 cents a share.

"We continue to execute on our vision to become a leader in virtualization and data management," CEO Eric Kelly said in a statement. "This has been demonstrated by our recent completion of key strategic milestones like our first Cloud offering of SnapCLOUD in the Microsoft Azure Marketplace and our recent launch of the Glassware 2.0 G-Series on-premise appliance for Education applications."

About 1.4 million shares of Sphere 3D were traded by 3:28 p.m. Friday, above the company's average trading volume of about 329,000 shares a day.

TheStreet Ratings team rates SPHERE 3D CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate SPHERE 3D CORP (ANY) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, weak operating cash flow, generally disappointing historical performance in the stock itself and generally high debt management risk."

You can view the full analysis from the report here: ANY Ratings Report

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