NYSE:SWCH - Switch Stock Price, Forecast & News

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

Switch declared a quarterly dividend on Thursday, November 7th. Stockholders of record on Tuesday, November 19th will be given a dividend of $0.0294 per share on Friday, November 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Monday, November 18th. View Switch's Dividend History.

Switch Inc (NYSE:SWCH) released its quarterly earnings results on Thursday, November, 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by $0.01. The company had revenue of $117.60 million for the quarter, compared to the consensus estimate of $113.22 million. Switch had a net margin of 1.48% and a return on equity of 3.35%. The company's revenue for the quarter was up 14.4% compared to the same quarter last year. View Switch's Earnings History.

Switch is scheduled to release their next quarterly earnings announcement on Tuesday, March 10th 2020. View Earnings Estimates for Switch.

Switch issued an update on its FY 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $$454-456 million, compared to the consensus revenue estimate of $$446.88 million.

3 brokerages have issued twelve-month target prices for Switch's shares. Their forecasts range from $11.00 to $18.00. On average, they anticipate Switch's share price to reach $14.50 in the next twelve months. This suggests that the stock has a possible downside of 4.7%. View Analyst Price Targets for Switch.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Switch.

News stories about SWCH stock have been trending somewhat negative on Friday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Switch earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Switch.

Switch saw a drop in short interest in October. As of October 15th, there was short interest totalling 7,010,000 shares, a drop of 5.1% from the September 15th total of 7,390,000 shares. Based on an average daily volume of 925,700 shares, the short-interest ratio is currently 7.6 days. Currently, 12.1% of the shares of the stock are sold short. View Switch's Current Options Chain.

Some companies that are related to Switch include Yandex (YNDX), Trade Desk (TTD), Line (LN), Pinterest (PINS), FactSet Research Systems (FDS), Weibo (WB), 58.com (WUBA), Stars Group (TSG), InterXion (INXN), Sabre (SABR), Wix.Com (WIX), GDS (GDS), HUYA (HUYA), Tripadvisor (TRIP) and Medallia (MDLA).

Based on aggregate information from My MarketBeat watchlists, some companies that other Switch investors own include Bank of Hawaii (BOH), InterDigital Wireless (IDCC), Stag Industrial (STAG), Advanced Micro Devices (AMD), Macy's (M), Square (SQ), NVIDIA (NVDA), General Electric (GE), Micron Technology (MU) and Alibaba Group (BABA).

(SWCH) raised $470 million in an initial public offering 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.

Switch's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Sylebra Capital Ltd (3.09%), First Trust Advisors LP (1.33%), American Assets Capital Advisers LLC (0.93%), Millennium Management LLC (0.56%), State Street Corp (0.30%) and Essex Investment Management Co. LLC (0.10%). Company insiders that own Switch stock include Donald D Snyder, Intel Capital Corp, Michael David Borden, Peter M Thomas, Scott Russell Gragson, 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 American Assets Capital Advisers LLC, Russell Investments Group Ltd., Sylebra Capital Ltd, Alpine Woods Capital Investors LLC, Essex Investment Management Co. LLC, Public Employees Retirement System of Ohio, Great West Life Assurance Co. Can and Stifel Financial Corp. Company insiders that have sold Switch company stock in the last year include Donald D Snyder, Michael David Borden, Peter M Thomas, Scott Russell Gragson, Thomas A Thomas and William Gonsalves Balelo. View Insider Buying and Selling for Switch.

SWCH stock was acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Millennium Management LLC, Pacer Advisors Inc., State Street Corp, Voya Investment Management LLC, Voloridge Investment Management LLC, Mackay Shields LLC and California Public Employees Retirement System. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of SWCH stock can currently be purchased for approximately $15.22.

Switch has a market capitalization of $3.68 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. Switch employs 731 workers across the globe.View Additional Information About Switch.

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

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]