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DOW   30,932.16 (+0.03%)
QQQ   302.40 (-0.56%)
AAPL   119.58 (-0.46%)
MSFT   228.69 (+0.86%)
FB   260.04 (+0.93%)
GOOGL   2,066.34 (+1.59%)
TSLA   588.50 (-5.30%)
AMZN   2,974.49 (-0.10%)
NVDA   486.72 (-1.63%)
BABA   232.86 (+1.02%)
CGC   29.99 (-3.29%)
GE   13.72 (+1.11%)
MU   85.13 (+0.95%)
NIO   36.55 (-6.95%)
AMD   77.22 (-0.68%)
T   29.55 (+2.18%)
F   12.10 (+1.42%)
ACB   9.42 (-4.07%)
DIS   186.91 (-0.60%)
BA   223.88 (-0.37%)
NFLX   503.00 (-1.62%)
BAC   37.12 (+1.70%)
S&P 500   3,754.97 (-0.36%)
DOW   30,932.16 (+0.03%)
QQQ   302.40 (-0.56%)
AAPL   119.58 (-0.46%)
MSFT   228.69 (+0.86%)
FB   260.04 (+0.93%)
GOOGL   2,066.34 (+1.59%)
TSLA   588.50 (-5.30%)
AMZN   2,974.49 (-0.10%)
NVDA   486.72 (-1.63%)
BABA   232.86 (+1.02%)
CGC   29.99 (-3.29%)
GE   13.72 (+1.11%)
MU   85.13 (+0.95%)
NIO   36.55 (-6.95%)
AMD   77.22 (-0.68%)
T   29.55 (+2.18%)
F   12.10 (+1.42%)
ACB   9.42 (-4.07%)
DIS   186.91 (-0.60%)
BA   223.88 (-0.37%)
NFLX   503.00 (-1.62%)
BAC   37.12 (+1.70%)
S&P 500   3,754.97 (-0.36%)
DOW   30,932.16 (+0.03%)
QQQ   302.40 (-0.56%)
AAPL   119.58 (-0.46%)
MSFT   228.69 (+0.86%)
FB   260.04 (+0.93%)
GOOGL   2,066.34 (+1.59%)
TSLA   588.50 (-5.30%)
AMZN   2,974.49 (-0.10%)
NVDA   486.72 (-1.63%)
BABA   232.86 (+1.02%)
CGC   29.99 (-3.29%)
GE   13.72 (+1.11%)
MU   85.13 (+0.95%)
NIO   36.55 (-6.95%)
AMD   77.22 (-0.68%)
T   29.55 (+2.18%)
F   12.10 (+1.42%)
ACB   9.42 (-4.07%)
DIS   186.91 (-0.60%)
BA   223.88 (-0.37%)
NFLX   503.00 (-1.62%)
BAC   37.12 (+1.70%)
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Switch (SWCH) Scheduled to Post Quarterly Earnings on Monday

Tuesday, February 23, 2021 | MarketBeat

Switch (NYSE:SWCH) is scheduled to release its earnings data after the market closes on Monday, March 1st. Analysts expect Switch to post earnings of $0.05 per share for the quarter.

Shares of NYSE SWCH traded down $0.34 during trading hours on Tuesday, hitting $17.84. The stock had a trading volume of 2,250,305 shares, compared to its average volume of 1,713,969. The company has a market capitalization of $4.29 billion, a P/E ratio of 137.24 and a beta of 0.72. The firm's 50-day moving average price is $17.47 and its two-hundred day moving average price is $16.28. Switch has a 52 week low of $10.30 and a 52 week high of $19.99. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.57 and a current ratio of 1.57.

In other news, CEO Rob Roy sold 89,797 shares of the company's stock in a transaction on Monday, January 11th. The stock was sold at an average price of $16.09, for a total value of $1,444,833.73. Following the completion of the sale, the chief executive officer now directly owns 765,452 shares in the company, valued at approximately $12,316,122.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas A. Thomas sold 15,660 shares of the company's stock in a transaction on Thursday, January 21st. The stock was sold at an average price of $16.55, for a total transaction of $259,173.00. Following the completion of the transaction, the director now directly owns 2,159,659 shares of the company's stock, valued at approximately $35,742,356.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 203,996 shares of company stock worth $3,263,592. Insiders own 30.52% of the company's stock.

Several research firms recently commented on SWCH. TheStreet upgraded Switch from a "d" rating to a "c" rating in a research report on Friday, November 6th. Jefferies Financial Group raised Switch from a "hold" rating to a "buy" rating and increased their target price for the company from $18.00 to $22.00 in a research note on Wednesday, January 13th. Finally, Truist assumed coverage on Switch in a report on Tuesday, February 2nd. They set a "buy" rating and a $24.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of "Buy" and a consensus target price of $21.35.

About Switch

Switch, Inc, through its subsidiary, Switch, Ltd., provides colocation space and related services primarily to technology and digital media companies in the United States. It develops and operates data centers in Nevada and Michigan. The company also serves cloud and managed service providers, financial institutions, IT and software providers, government agencies, network and telecommunications providers, and others that conduct critical business on the internet.

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Earnings History for Switch (NYSE:SWCH)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


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