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Switch - SWCH Stock Forecast, Price & News

$34.23
+0.02 (+0.06%)
(As of 11/29/2022 12:00 AM ET)
Add
Compare
Today's Range
$34.21
$34.24
50-Day Range
$33.69
$34.23
52-Week Range
$23.03
$34.24
Volume
2.04 million shs
Average Volume
2.32 million shs
Market Capitalization
$8.39 billion
P/E Ratio
22.52
Dividend Yield
0.61%
Price Target
$32.32

Switch MarketRank™ Forecast

Analyst Rating
Hold
2.08 Rating Score
Upside/​Downside
5.6% Downside
$32.32 Price Target
Short Interest
Bearish
6.81% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.93
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$2.71 M Sold Last Quarter
Proj. Earnings Growth
-88.77%
From $1.87 to $0.21 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.50 out of 5 stars

Business Services Sector

312th out of 331 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

59th out of 65 stocks

SWCH stock logo

About Switch (NYSE:SWCH) Stock

Switch, Inc., through its subsidiary, Switch, Ltd., provides colocation space and related services. It develops and operates data centers in Nevada, Michigan, and Georgia. The company serves technology and digital media companies, financial institutions, government agencies, and network and telecommunications providers, as well as cloud, IT, and software providers. Switch, Inc. was founded in 2000 and is headquartered in Las Vegas, Nevada.

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SWCH Stock News Headlines

CEO Switcharoo Sends Disney (DIS) Stock Higher
Switch (SWCH) Reports Q3 Loss, Tops Revenue Estimates
Switch Announces Third Quarter 2022 Financial Results
Switch Becomes Oversold (SWCH)
The 35 Best Games on Nintendo Switch - CNET
Switch (SWCH) Q2 Earnings Miss Estimates
See More Headlines
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SWCH Company Calendar

Ex-Dividend for 9/1 Dividend
8/19/2022
Dividend Payable
9/01/2022
Last Earnings
11/09/2022
Ex-Dividend for 12/1 Dividend
11/18/2022
Today
11/29/2022
Dividend Payable
12/01/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/23/2023

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Fax
N/A
Employees
829
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$32.32
High Stock Price Forecast
$35.00
Low Stock Price Forecast
$30.00
Forecasted Upside/Downside
-5.6%
Consensus Rating
Hold
Rating Score (0-4)
2.08
Research Coverage
12 Analysts

Profitability

Net Income
$5.41 million
Pretax Margin
58.45%

Debt

Sales & Book Value

Annual Sales
$592.04 million
Cash Flow
$0.82 per share
Book Value
$2.54 per share

Miscellaneous

Free Float
210,755,000
Market Cap
$8.39 billion
Optionable
Optionable
Beta
0.59

Key Executives

  • Mr. Rob  RoyMr. Rob Roy (Age 53)
    Founder, Chairman & CEO
    Comp: $3.02M
  • Mr. Erin Thomas MortonMr. Erin Thomas Morton (Age 53)
    Pres, Chief Legal Officer & Sec.
    Comp: $2.09M
  • Mr. Gabriel Nacht (Age 61)
    Chief Financial Officer
    Comp: $941.91k
  • Ms. Melissa  YoungMs. Melissa Young (Age 50)
    Chief Information Officer
    Comp: $661.07k
  • Mr. Jonathan H. King
    Chief Revenue Officer
  • Ms. Jennifer Arias
    Sr. VP of Accounting & Controller
  • Mr. Eddie Schutter
    Chief Technology Officer
  • Mr. Matthew Scott Heinz C.F.A.
    VP of Investor Relations and Financial Planning & Analysis
  • Kathleen Tam
    Exec. VP of Corp. Affairs & Deputy Gen. Counsel
  • Ms. Heather Ellerbe
    VP of Marketing













SWCH Stock - Frequently Asked Questions

Should I buy or sell Switch stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 11 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" SWCH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SWCH, but not buy additional shares or sell existing shares.
View SWCH analyst ratings
or view top-rated stocks.

What is Switch's stock price forecast for 2023?

12 analysts have issued 12 month price objectives for Switch's stock. Their SWCH share price forecasts range from $30.00 to $35.00. On average, they predict the company's share price to reach $32.32 in the next twelve months. This suggests that the stock has a possible downside of 5.6%.
View analysts price targets for SWCH
or view top-rated stocks among Wall Street analysts.

How have SWCH shares performed in 2022?

Switch's stock was trading at $28.64 at the start of the year. Since then, SWCH shares have increased by 19.5% and is now trading at $34.23.
View the best growth stocks for 2022 here
.

When is Switch's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our SWCH earnings forecast
.

How were Switch's earnings last quarter?

Switch, Inc. (NYSE:SWCH) posted its quarterly earnings data on Wednesday, November, 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by $0.07. The business earned $174.47 million during the quarter, compared to analysts' expectations of $169.52 million. Switch had a trailing twelve-month return on equity of 1.06% and a net margin of 56.70%.

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

Switch announced a quarterly dividend on Wednesday, November 9th. Stockholders of record on Monday, November 21st will be given a dividend of $0.052 per share on Thursday, December 1st. This represents a $0.21 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, November 18th.
Read our dividend analysis for SWCH
.

Is Switch a good dividend stock?

Switch (NYSE:SWCH) pays an annual dividend of $0.21 per share and currently has a dividend yield of 0.61%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, SWCH will have a dividend payout ratio of 100.00% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SWCH.

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

82 employees have rated Switch Chief Executive Officer Rob Roy on Glassdoor.com. Rob Roy has an approval rating of 78% among the company's employees.

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), Block (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 a price of $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.

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 variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (5.11%), Royal Bank of Canada (4.81%), Pentwater Capital Management LP (2.94%), BlackRock Inc. (2.92%), Balyasny Asset Management LLC (2.74%) and Alpine Associates Management Inc. (1.08%). Insiders that own company 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
.

How do I buy shares of Switch?

Shares of SWCH stock 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.
Compare Top Brokerages Here.

What is Switch's stock price today?

One share of SWCH stock can currently be purchased for approximately $34.23.

How much money does Switch make?

Switch (NYSE:SWCH) has a market capitalization of $8.39 billion and generates $592.04 million in revenue each year. The company earns $5.41 million in net income (profit) each year or $1.52 on an earnings per share basis.

How many employees does Switch have?

The company employs 829 workers across the globe.

How can I contact Switch?

Switch's mailing address is 7135 S. Decatur Boulevard, Las Vegas NV, 89118. The official website for the company is www.switch.com. The company can be reached via phone at (702) 444-4111 or via email at investorrelations@switch.com.

This page (NYSE:SWCH) was last updated on 11/29/2022 by MarketBeat.com Staff