Switch Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Switch stock.
View analyst ratings for Switch or view top-rated stocks.

Wall Street analysts have given Switch a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Switch wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Switch is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Switch.

Switch will be holding an earnings conference call on Thursday, August 5th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Switch, Inc. (NYSE:SWCH) issued its quarterly earnings results on Monday, May, 10th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.05 by $0.03. The company had revenue of $130.90 million for the quarter, compared to analysts' expectations of $129.10 million. Switch had a net margin of 5.52% and a trailing twelve-month return on equity of 4.80%. The company's revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.04 EPS.
View Switch's earnings history.

Switch's stock was trading at $12.88 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SWCH shares have increased by 60.4% and is now trading at $20.66.
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Switch declared a quarterly dividend on Tuesday, May 11th. Investors of record on Tuesday, May 25th will be given a dividend of $0.05 per share on Friday, June 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Monday, May 24th.
View Switch's dividend history.

Switch pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.97%. Switch does not yet have a strong track record of dividend growth. The dividend payout ratio of Switch is 95.24%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Switch will have a dividend payout ratio of 60.61% next year. This indicates that Switch will be able to sustain or increase its dividend.
View Switch's dividend history.

Switch updated its FY 2021 earnings guidance on Tuesday, June, 8th. The company provided earnings per share guidance of $- for the period. The company issued revenue guidance of $543 million-555 million, compared to the consensus revenue estimate of $547.05 million.

6 analysts have issued 1 year price targets for Switch's stock. Their forecasts range from $20.00 to $24.00. On average, they anticipate Switch's stock price to reach $21.80 in the next year. This suggests a possible upside of 5.5% from the stock's current price.
View analysts' price targets for Switch or view top-rated stocks among Wall Street analysts.

82 employees have rated Switch CEO Rob Roy on Glassdoor.com. Rob Roy has an approval rating of 78% among Switch's employees.

Some companies that are related to Switch include Wix.com (WIX), FactSet Research Systems (FDS), Weibo (WB), GDS (GDS), Bumble (BMBL), DigitalOcean (DOCN), DoubleVerify (DV), Medallia (MDLA), TripAdvisor (TRIP), Dada Nexus (DADA), Chindata Group (CD), Cardlytics (CDLX), Blend Labs (BLND), Magnite (MGNI) and Sabre (SABR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Switch investors own include Advanced Micro Devices (AMD), Micron Technology (MU), Bank of Hawaii (BOH), NVIDIA (NVDA), Gilead Sciences (GILD), Square (SQ), Alibaba Group (BABA), InterDigital (IDCC), STAG Industrial (STAG) and Teladoc Health (TDOC).

(SWCH) raised $470 million in an initial public offering (IPO) on Friday, October 6th 2017. The company issued 31,300,000 shares at $14.00-$16.00 per share. Goldman Sachs, J.P. Morgan, BMO Capital Markets and Wells Fargo Securities served as the underwriters for the IPO and Citigroup, Credit Suisse, Jefferies, BTIG, Raymond James, Stifel and WilliamBlair were co-managers.

Switch trades on the New York Stock Exchange (NYSE) under the ticker symbol "SWCH."

Switch's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vaughan Nelson Investment Management L.P. (0.90%), DAVENPORT & Co LLC (0.34%), Manning & Napier Group LLC (0.25%), Monarch Partners Asset Management LLC (0.15%), Sarasin & Partners LLP (0.08%) and Green Alpha Advisors LLC (0.05%). Company insiders that own Switch stock include Erin Thomas Morton, Lp Borden, Melissa Young, Michael David Borden, Peter M Thomas, Rob Roy, Stella Roy, Teresa A Borden, Thomas A Thomas and William Gonsalves Balelo.
View institutional ownership trends for Switch.

SWCH stock was sold by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., Zurcher Kantonalbank Zurich Cantonalbank , and Cutler Group LP. Company insiders that have sold Switch company stock in the last year include Erin Thomas Morton, Melissa Young, Rob Roy, Stella Roy, Teresa A Borden, and Thomas A Thomas.
View insider buying and selling activity for Switch or view top insider-selling stocks.

SWCH stock was bought by a variety of institutional investors in the last quarter, including DAVENPORT & Co LLC, Monarch Partners Asset Management LLC, Green Alpha Advisors LLC, Manning & Napier Group LLC, Sarasin & Partners LLP, and Alliancebernstein L.P..
View insider buying and selling activity for Switch or or view top insider-buying stocks.

Shares of SWCH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SWCH stock can currently be purchased for approximately $20.66.

Switch has a market capitalization of $4.99 billion and generates $511.55 million in revenue each year. The company earns $15.54 million in net income (profit) each year or $0.21 on an earnings per share basis.

Switch employs 759 workers across the globe.

The official website for Switch is www.switch.com.

Switch is headquartered at 7135 S. Decatur Boulevard, Las Vegas NV, 89118.

Switch's mailing address is 7135 S. Decatur Boulevard, Las Vegas NV, 89118. The company can be reached via phone at 702-444-4111 or via email at [email protected]