Roth Capital Maintains Buy On Overland Storage Ahead Of 4Q14 Results
In a research report issued today, Roth Capital analyst Krishna Shankar maintained a Buy rating on Overland Storage (NASDAQ:OVRL) with a price target of $4.43, ahead of the company’s fourth quarter results.
Shankar said, “We expect OVRL to report 4Q14 revenues/GAAP EPS of $24.5 million/ $(0.33)on Sept 23. We believe that OVRL’s pending merger with Sphere 3D Corporation may create a leading virtualization, data management/storage platform company. We believe that OVRL and Sphere 3D are making good progress on platforms combining OVRL’s storage products with Sphere 3D’s Glassware cloud/mobility virtualization platform and V3 desktop virtualization appliance. The deal may close by Oct/Nov 2014 with 65% of OVRL’s shareholders supporting the deal.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Krishna Shankar has a total average return of 16.9% and a 74.4% success rate. Shankar has an average return when recommending OVRL, and is ranked #240 out of 3293 analysts.