Switch Stock Forecast, Price & News

Switch (NYSE:SWCH) Frequently Asked Questions

Is Switch a buy right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 11 buy ratings and 1 strong buy rating 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.

How has Switch's stock price been impacted by Coronavirus (COVID-19)?

Switch's stock was trading at $12.88 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SWCH shares have increased by 105.7% and is now trading at $26.50.
View which stocks have been most impacted by COVID-19.

When is Switch's next earnings date?

Switch is scheduled to release its next quarterly earnings announcement on Monday, March 7th 2022.
View our earnings forecast for Switch.

How were Switch's earnings last quarter?

Switch, Inc. (NYSE:SWCH) released its quarterly earnings results on Thursday, November, 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by $0.03. The business earned $158.10 million during the quarter, compared to analysts' expectations of $159.58 million. Switch had a trailing twelve-month return on equity of 3.90% and a net margin of 3.95%. Switch's revenue was up 22.8% on a year-over-year basis. During the same quarter last year, the business posted $0.05 earnings per share.
View Switch's earnings history.

How often does Switch pay dividends? What is the dividend yield for Switch?

Switch announced a quarterly dividend on Thursday, November 4th. Investors of record on Friday, November 19th will be given a dividend of $0.052 per share on Wednesday, December 1st. This represents a $0.21 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Thursday, November 18th.
View Switch's dividend history.

Is Switch a good dividend stock?

Switch pays an annual dividend of $0.21 per share and currently has a dividend yield of 0.80%. Switch has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Switch is 123.53%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Switch will have a dividend payout ratio of 95.45% in the coming year. This indicates that Switch may not be able to sustain their current dividend.
View Switch's dividend history.

What guidance has Switch issued on next quarter's earnings?

Switch updated its FY 2021 earnings guidance on Thursday, December, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $563.50 million-$566.50 million, compared to the consensus revenue estimate of $599.02 million.

What price target have analysts set for SWCH?

12 brokers have issued twelve-month price objectives for Switch's shares. Their forecasts range from $22.00 to $34.00. On average, they expect Switch's share price to reach $27.82 in the next year. This suggests a possible upside of 5.0% from the stock's current price.
View analysts' price targets for Switch or view top-rated stocks among Wall Street analysts.

Who are Switch's key executives?

Switch's management team includes the following people:

• Rob Roy, Chairman & Chief Executive Officer
• Thomas Morton, President, Secretary & Chief Legal Officer
• Lesley McVay, Chief Operations Officer
• Gabe Nacht, Chief Financial Officer
• Missy Young, Chief Information Officer

What is Rob Roy's approval rating as Switch's CEO?

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

Who are some of Switch's key competitors?

Some companies that are related to Switch include Pinterest (PINS), Yandex (YNDX), FactSet Research Systems (FDS), DigitalOcean (DOCN), GDS (GDS), Wix.com (WIX), Weibo (WB), DoubleVerify (DV), Sportradar Group (SRAD), Bumble (BMBL), Internet Initiative Japan (IIJIY), TripAdvisor (TRIP), KnowBe4 (KNBE), Dada Nexus (DADA) and Integral Ad Science (IAS).
View all of SWCH's competitors.

What other stocks do shareholders of Switch own?

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).

When did Switch IPO?

(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 acted as the underwriters for the IPO and Citigroup, Credit Suisse, Jefferies, BTIG, Raymond James, Stifel and WilliamBlair were co-managers.

What is Switch's stock symbol?

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

Who are Switch's major shareholders?

Switch's stock is owned by a number of retail and institutional investors. Top institutional investors include Royal Bank of Canada (3.47%), BlackRock Inc. (3.43%), Janus Henderson Group PLC (2.09%), Senvest Management LLC (1.57%), Bank of Nova Scotia (1.40%) and Impax Asset Management Group plc (1.37%). 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 Thomas A Thomas.
View institutional ownership trends for Switch.

Which major investors are selling Switch stock?

SWCH stock was sold by a variety of institutional investors in the last quarter, including Healthcare of Ontario Pension Plan Trust Fund, ING Groep NV, Senvest Management LLC, Renaissance Technologies LLC, Port Capital LLC, Deprince Race & Zollo Inc., Alberta Investment Management Corp, and Janus Henderson Group PLC. Company insiders that have sold Switch company stock in the last year include Erin Thomas Morton, 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.

Which major investors are buying Switch stock?

SWCH stock was purchased by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Bank of Nova Scotia, Allianz Asset Management GmbH, Reinhart Partners Inc., Goldman Sachs Group Inc., Two Sigma Investments LP, Voya Investment Management LLC, and Impax Asset Management Group plc.
View insider buying and selling activity for Switch or or view top insider-buying stocks.

How do I buy shares of Switch?

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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What is Switch's stock price today?

One share of SWCH stock can currently be purchased for approximately $26.50.

How much money does Switch make?

Switch has a market capitalization of $6.41 billion and generates $511.55 million in revenue each year. The company earns $15.54 million in net income (profit) each year or $0.17 on an earnings per share basis.

How many employees does Switch have?

Switch employs 759 workers across the globe.

What is Switch's official website?

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

Where are Switch's headquarters?

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

How can I contact Switch?

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].