NYSE:SWCH - Switch Stock Price, News, & Analysis

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$10.26 -0.42 (-3.93 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$10.68
Today's Range$10.26 - $10.75
52-Week Range$6.39 - $16.23
Volume976,130 shs
Average Volume1.27 million shs
Market Capitalization$2.53 billion
P/E Ratio114.00
Dividend Yield0.56%
Beta0.97
Switch, Inc., through its subsidiary, Switch, Ltd., provides colocation space and related services to technology and digital media companies, cloud and managed service providers, financial institutions, and telecommunications providers that conduct critical business on the Internet. The company develops and operates data centers in Nevada, Michigan, and Georgia. Switch, Inc. was founded in 2000 and is headquartered in Las Vegas, Nevada.

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Industry, Sector and Symbol

Industry Computer programming, data processing, & other computer related
Sub-IndustryN/A
SectorBusiness Services
CUSIPN/A
Phone702-444-4111

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$405.86 million
Cash Flow$0.4582 per share
Book Value$2.94 per share

Profitability

Net Income$4.05 million

Miscellaneous

EmployeesN/A
Market Cap$2.53 billion
Next Earnings Date5/13/2019 (Estimated)
OptionableOptionable

Switch (NYSE:SWCH) Frequently Asked Questions

What is Switch's stock symbol?

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

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

Switch declared a quarterly dividend on Wednesday, March 13th. Shareholders of record on Monday, March 25th will be given a dividend of $0.0294 per share on Thursday, April 4th. This represents a $0.12 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Friday, March 22nd. This is a boost from Switch's previous quarterly dividend of $0.01. View Switch's Dividend History.

How were Switch's earnings last quarter?

Switch Inc (NYSE:SWCH) issued its earnings results on Tuesday, March, 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.03 by $0.02. The business had revenue of $103.21 million for the quarter, compared to analysts' expectations of $104.36 million. Switch had a return on equity of 0.56% and a net margin of 1.00%. View Switch's Earnings History.

When is Switch's next earnings date?

Switch is scheduled to release their next quarterly earnings announcement on Monday, May 13th 2019. View Earnings Estimates for Switch.

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

Switch issued an update on its FY 2019 earnings guidance on Tuesday, March, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $436-445 million, compared to the consensus revenue estimate of $449.89 million.

What price target have analysts set for SWCH?

12 analysts have issued 12-month price objectives for Switch's stock. Their predictions range from $10.00 to $22.00. On average, they expect Switch's stock price to reach $14.00 in the next twelve months. This suggests a possible upside of 36.5% from the stock's current price. View Analyst Price Targets for Switch.

What is the consensus analysts' recommendation for Switch?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 5 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Switch.

Has Switch been receiving favorable news coverage?

News articles about SWCH stock have trended somewhat positive on Saturday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Switch earned a daily sentiment score of 0.9 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an effect on the company's share price in the next several days.

Who are some of Switch's key 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 Micron Technology (MU), NVIDIA (NVDA), General Electric (GE), Macy's (M), Square (SQ), Advanced Micro Devices (AMD), Western Digital (WDC), Vereit (VER), Cloudera (CLDR) and Alibaba Group (BABA).

Who are Switch's key executives?

Switch's management team includes the folowing people:
  • Mr. Rob Roy, Founder, CEO & Chairman (Age 50)
  • Mr. Erin Thomas Morton, Pres, Gen. Counsel & Sec. (Age 50)
  • Mr. Gabriel Nacht, Chief Financial Officer (Age 58)
  • Ms. Missy Young, Chief Information Officer
  • Mr. Matthew Scott Heinz C.F.A., CFA, VP of Investor Relations and Financial Planning & Analysis

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 a price of $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.

Who are Switch's major shareholders?

Switch's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Sylebra HK Co Ltd (3.23%), American Assets Capital Advisers LLC (1.20%), Millennium Management LLC (0.83%), BlackRock Inc. (0.59%), Massachusetts Financial Services Co. MA (0.48%) and Geode Capital Management LLC (0.15%). Company insiders that own Switch stock include Donald D Snyder, Erin Thomas Morton, Intel Capital Corp, Scott Russell Gragson, Thomas A Thomas and William Gonsalves Balelo. View Institutional Ownership Trends for Switch.

Which institutional investors are selling Switch stock?

SWCH stock was sold by a variety of institutional investors in the last quarter, including Falcon Point Capital LLC, Bank of Montreal Can, Bank of New York Mellon Corp, Principal Financial Group Inc., Jane Street Group LLC, Neuburgh Advisers LLC, Northern Trust Corp and Rhumbline Advisers. Company insiders that have sold Switch company stock in the last year include Donald D Snyder, Intel Capital Corp, Scott Russell Gragson and William Gonsalves Balelo. View Insider Buying and Selling for Switch.

Which institutional investors are buying Switch stock?

SWCH stock was bought by a variety of institutional investors in the last quarter, including Sylebra HK Co Ltd, American Assets Capital Advisers LLC, Millennium Management LLC, Bank of Nova Scotia, Norges Bank, Canada Pension Plan Investment Board, Barclays PLC and Massachusetts Financial Services Co. MA. Company insiders that have bought Switch stock in the last two years include Erin Thomas Morton and Thomas A Thomas. View Insider Buying and Selling for Switch.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Switch's stock price today?

One share of SWCH stock can currently be purchased for approximately $10.26.

How big of a company is Switch?

Switch has a market capitalization of $2.53 billion and generates $405.86 million in revenue each year. The company earns $4.05 million in net income (profit) each year or $0.09 on an earnings per share basis.

What is Switch's official website?

The official website for Switch is http://www.switch.com.

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]


MarketBeat Community Rating for Switch (NYSE SWCH)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  214 (Vote Outperform)
Underperform Votes:  219 (Vote Underperform)
Total Votes:  433
MarketBeat's community ratings are surveys of what our community members think about Switch and other stocks. Vote "Outperform" if you believe SWCH will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SWCH will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/23/2019 by MarketBeat.com Staff

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