NYSE:SWCH - Switch Stock Price, Price Target & More

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$12.51 -0.11 (-0.87 %)
(As of 05/22/2018 09:28 AM ET)
Previous Close$12.62
Today's Range$12.36 - $12.81
52-Week Range$12.36 - $24.90
Volume1.02 million shs
Average Volume1.09 million shs
Market Capitalization$3.19 billion
P/E RatioN/A
Dividend Yield0.23%
BetaN/A

About Switch (NYSE:SWCH)

Switch logoSwitch, 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
SymbolNYSE:SWCH
CUSIPN/A
Phone702-444-4111

Debt

Debt-to-Equity Ratio0.80
Current Ratio3.37
Quick Ratio3.37

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E Ratio69.50
P/E Growth4.67

Sales & Book Value

Annual Sales$378.27 million
Price / Sales8.35
Cash Flow$0.3213 per share
Price / Cash38.94
Book Value$2.94 per share
Price / Book4.26

Profitability

EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A

Miscellaneous

Employees723
Outstanding Shares252,510,000

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 announced a quarterly dividend on Tuesday, May 15th. Investors of record on Tuesday, May 29th will be paid a dividend of $0.0147 per share on Friday, June 8th. This represents a $0.06 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Friday, May 25th. View Switch's Dividend History.

How were Switch's earnings last quarter?

Switch (NYSE:SWCH) announced its quarterly earnings results on Monday, May, 14th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.05 by $0.03. The firm had revenue of $97.70 million for the quarter, compared to the consensus estimate of $99.79 million. Switch's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 earnings per share. View Switch's Earnings History.

What price target have analysts set for SWCH?

12 analysts have issued 12-month price objectives for Switch's stock. Their predictions range from $19.00 to $22.00. On average, they anticipate Switch's stock price to reach $21.00 in the next year. View Analyst Ratings for Switch.

What are Wall Street analysts saying about Switch stock?

Here are some recent quotes from research analysts about Switch stock:
  • 1. According to Zacks Investment Research, "Switch, Inc. is a technology infrastructure company. It designs, constructs and operates hyperscale data centers. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services and content ecosystems. Switch, Inc. is based in LAS VEGAS, United States. " (5/18/2018)
  • 2. Credit Suisse Group analysts commented, "We project strong performance amid the company’s heavy ramp of planned data center campus expansions all projected to be complete by FY 2019, accelerating revenue growth to 21%, well ahead of data center peers. With customer churn levels of 1.1%, we expect solid business scale with little business disruption as new data center campuses begin monetizing space." (10/31/2017)

Are investors shorting Switch?

Switch saw a increase in short interest during the month of April. As of April 13th, there was short interest totalling 8,999,360 shares, an increase of 48.0% from the March 30th total of 6,080,067 shares. Based on an average trading volume of 1,890,319 shares, the short-interest ratio is presently 4.8 days. Approximately 28.2% of the company's shares are sold short.

Who are some of Switch's key competitors?

Who are Switch's key executives?

Switch's management team includes the folowing people:
  • Mr. Rob Roy, Founder, CEO & Chairman (Age 49)
  • Mr. Erin Thomas Morton, Pres, Gen. Counsel & Sec. (Age 49)
  • Mr. Gabriel Nacht, Chief Financial Officer (Age 57)
  • Ms. Missy Young, Exec. VP of Sales
  • Mr. David Glover, Gen. Mang. of EAST Campus

When did Switch IPO?

(SWCH) raised $470 million in an 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.

When did the company's lock-up period expire?

Switch's lock-up period expired on Wednesday, April 4th. Switch had issued 31,250,000 shares in its initial public offering on October 6th. The total size of the offering was $531,250,000 based on an initial share price of $17.00. Shares of the company owned by major shareholders and company insiders are now eligible to be traded as a result of the expiration of the lock-up period.

Has Switch been receiving favorable news coverage?

News articles about SWCH stock have trended somewhat positive on Tuesday, according to Accern Sentiment. Accern ranks the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Switch earned a media sentiment score of 0.07 on Accern's scale. They also gave news headlines about the company an impact score of 47.10 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.

Who are Switch's major shareholders?

Switch's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Wells Fargo & Company MN (1.74%), TSSP SUB-FUND HOLDCO LLC (6.30%), TSSP SUB-FUND HOLDCO LLC (6.30%), NORGES BANK (4.98%), Massachusetts Financial Services Co. MA (0.54%) and BlackRock Inc. (0.54%). 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 BlackRock Inc., Vista Equity Partners Management LLC, Tiverton Asset Management LLC, Massachusetts Financial Services Co. MA, Thornburg Investment Management Inc., Engineers Gate Manager LP, Glen Harbor Capital Management LLC and Neuburgh Advisers LLC. View Insider Buying and Selling for Switch.

Which institutional investors are buying Switch stock?

SWCH stock was acquired by a variety of institutional investors in the last quarter, including Sylebra HK Co Ltd, Millennium Management LLC, Point72 Asset Management L.P., Wells Fargo & Company MN, Susquehanna Fundamental Investments LLC, Verition Fund Management LLC, New York State Common Retirement Fund and Russell Investments Group Ltd.. 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 $12.51.

How big of a company is Switch?

Switch has a market capitalization of $3.19 billion and generates $378.27 million in revenue each year. Switch employs 723 workers across the globe.

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 (SWCH)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  80 (Vote Outperform)
Underperform Votes:  76 (Vote Underperform)
Total Votes:  156
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.

Analyst Ratings

Switch (NYSE:SWCH) Price Target and Consensus Rating

  (How are Consensus Ratings Calculated?)
12 Wall Street analysts have issued ratings and price targets for Switch in the last 12 months. Their average twelve-month price target is $21.00, suggesting that the stock has a possible upside of 67.87%. The high price target for SWCH is $22.00 and the low price target for SWCH is $19.00. There are currently 5 hold ratings and 7 buy ratings for the stock, resulting in a consensus rating of "Buy."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: BuyBuyHoldBuy
Consensus Rating Score: 2.582.502.362.50
Ratings Breakdown: 0 Sell Rating(s)
5 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s)
1 Sell Rating(s)
4 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s)
1 Sell Rating(s)
5 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
5 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $21.00$21.60$22.20$22.20
Price Target Upside: 67.87% upside47.04% upside47.02% upside14.73% upside

Switch (NYSE:SWCH) Consensus Price Target History

Price Target History for Switch (NYSE:SWCH)

Switch (NYSE:SWCH) Analyst Ratings History

Show:
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
5/17/2018Credit Suisse GroupSet Price TargetBuy$19.00LowView Rating Details
5/15/2018William BlairReiterated RatingOutperformHighView Rating Details
5/14/2018BMO Capital MarketsReiterated RatingBuy$20.00HighView Rating Details
5/10/2018CowenUpgradeUnderperform ➝ Market PerformMediumView Rating Details
3/12/2018Raymond JamesUpgradeMarket Perform ➝ OutperformHighView Rating Details
3/12/2018UBSUpgradeMarket Perform ➝ OutperformLowView Rating Details
10/31/2017BTIG ResearchInitiated CoverageBuy ➝ Buy$22.00N/AView Rating Details
10/31/2017CitigroupInitiated CoverageNeutral ➝ Neutral$22.00N/AView Rating Details
10/31/2017Wells FargoInitiated CoverageMarket Perform ➝ Market PerformN/AView Rating Details
10/31/2017JPMorgan ChaseInitiated CoverageOverweight ➝ Overweight$22.00N/AView Rating Details
10/31/2017Jefferies GroupInitiated CoverageHold ➝ HoldN/AView Rating Details
10/31/2017Goldman SachsInitiated CoverageNeutral ➝ NeutralN/AView Rating Details
(Data available from 5/22/2016 forward)

Earnings

Switch (NYSE:SWCH) Earnings History and Estimates Chart

Earnings by Quarter for Switch (NYSE:SWCH)

Switch (NYSE:SWCH) Earnings Estimates

2018 EPS Consensus Estimate: $0.17
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20182$0.02$0.05$0.04
Q2 20182$0.03$0.03$0.03
Q3 20182$0.04$0.05$0.05
Q4 20182$0.05$0.06$0.06

Switch (NYSE SWCH) Earnings History by Quarter

DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/14/2018Q1 2018$0.05$0.02$99.79 million$97.70 millionViewListenView Earnings Details
4/2/2018Q4 2017($0.47)$99.55 million$99.33 millionViewN/AView Earnings Details
11/13/2017Q3 2017$0.07$0.08$95.81 million$97.70 millionViewN/AView Earnings Details
(Earnings results data provided by Zacks Investment Research)

Dividends

Switch (NYSE:SWCH) Dividend Information

Switch pays an annual dividend of $0.03 per share, with a dividend yield of 0.24%. SWCH's next quarterly dividend payment will be made on Friday, June 8.
Next Dividend:6/8/2018
Annual Dividend:$0.03
Dividend Yield:0.24%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio(s):16.67% (Based on This Year's Estimates)
10.71% (Based on Next Year's Estimates)
9.34% (Based on Cash Flow)
Dividend Payments by Quarter for Switch (NYSE:SWCH)

Switch (NYSE:SWCH) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/15/2018quarterly$0.01470.45%5/25/20185/29/20186/8/2018
4/3/2018quarterly$0.01470.44%4/12/20184/13/20184/23/2018
12/8/2017special$0.014012/15/201712/18/201712/29/2017
(Data available from 1/1/2013 forward)

Insider Trades

Switch (NYSE SWCH) Insider Trading and Institutional Ownership History

Insider Ownership Percentage: 12.64%
Institutional Ownership Percentage: 13.65%
Insider Trading History for Switch (NYSE:SWCH)
Institutional Ownership by Quarter for Switch (NYSE:SWCH)

Switch (NYSE SWCH) Insider Trading History

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
10/11/2017Erin Thomas MortonInsiderBuy300,000$17.00$5,100,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Switch (NYSE SWCH) News Headlines

Source:
DateHeadline
‘Mega Man Legacy Collection’ Nintendo Switch Review‘Mega Man Legacy Collection’ Nintendo Switch Review
www.msn.com - May 22 at 8:09 AM
Lumines Remastered For Switch Inspired By HD Rumble And Diehard Fans'Lumines Remastered' For Switch Inspired By HD Rumble And Diehard Fans
www.forbes.com - May 22 at 8:09 AM
Resident Evil 7 will scare Nintendo Switch players senseless starting May 24Resident Evil 7 will scare Nintendo Switch players senseless starting May 24
www.msn.com - May 21 at 5:20 PM
Resident Evil 7 coming to Nintendo Switch — but just in Japan for nowResident Evil 7 coming to Nintendo Switch — but just in Japan for now
www.msn.com - May 21 at 8:05 AM
Ditching the Big Six can save you £205 – should you switch to a smaller energy supplier?Ditching the 'Big Six' can save you £205 – should you switch to a smaller energy supplier?
www.msn.com - May 21 at 8:05 AM
England defence coach Gustard set for Harlequins switch - reportsEngland defence coach Gustard set for Harlequins switch - reports
www.reuters.com - May 21 at 8:05 AM
Capcom Is Bringing Resident Evil 7 To Switch, But Theres A CatchCapcom Is Bringing 'Resident Evil 7' To Switch, But There's A Catch
www.forbes.com - May 21 at 8:05 AM
A Switch To 5G May Be Bad For The EnvironmentA Switch To 5G May Be Bad For The Environment
www.msn.com - May 19 at 6:03 PM
Switch (SWCH) Given Average Recommendation of "Hold" by AnalystsSwitch (SWCH) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - May 19 at 1:34 AM
Two years after emerging from bankruptcy, Please Touch Museum switches up brandingTwo years after emerging from bankruptcy, Please Touch Museum switches up branding
www.bizjournals.com - May 18 at 6:17 PM
Switch (SWCH) Stock Rating Lowered by Zacks Investment ResearchSwitch (SWCH) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - May 18 at 5:15 PM
Baby switch at Montenegro hospital under investigationBaby switch at Montenegro hospital under investigation
abcnews.go.com - May 18 at 8:11 AM
Global High Speed Serial Switch Fabrics Market Growth Opportunities: Intel Corporation, Microsemi Corporation, Sierra WirelessGlobal High Speed Serial Switch Fabrics Market Growth Opportunities: Intel Corporation, Microsemi Corporation, Sierra Wireless
www.marketwatch.com - May 18 at 8:11 AM
Congress tax reform bait-and-switchCongress' tax reform bait-and-switch
www.msn.com - May 17 at 7:14 PM
Investor Alert: Kaplan Fox Announces Investigation Of Switch, Inc.Investor Alert: Kaplan Fox Announces Investigation Of Switch, Inc.
finance.yahoo.com - May 17 at 7:14 PM
Glancy Prongay & Murray LLP Announces Investigation on Behalf of Switch, Inc. Investors (SWCH)Glancy Prongay & Murray LLP Announces Investigation on Behalf of Switch, Inc. Investors (SWCH)
finance.yahoo.com - May 17 at 7:14 PM
Switch (SWCH) PT Set at $19.00 by Credit Suisse GroupSwitch (SWCH) PT Set at $19.00 by Credit Suisse Group
www.americanbankingnews.com - May 17 at 4:17 PM
FY2018 Earnings Forecast for Switch (SWCH) Issued By William BlairFY2018 Earnings Forecast for Switch (SWCH) Issued By William Blair
www.americanbankingnews.com - May 17 at 8:16 AM
FY2018 EPS Estimates for Switch Lowered by Jefferies Group (SWCH)FY2018 EPS Estimates for Switch Lowered by Jefferies Group (SWCH)
www.americanbankingnews.com - May 17 at 8:16 AM
Veteran college basketball coach Tubby Smith looks to move Memphis home after job switchVeteran college basketball coach Tubby Smith looks to move Memphis home after job switch
www.latimes.com - May 17 at 8:06 AM
Okami HD Is Released On The Switch This August'Okami HD' Is Released On The Switch This August
www.forbes.com - May 17 at 8:06 AM
Slowing Growth Is a Major Concern for Switch Inc StockSlowing Growth Is a Major Concern for Switch Inc Stock
investorplace.com - May 16 at 3:15 PM
Switch Expected to Earn Q2 2018 Earnings of $0.03 Per Share (SWCH)Switch Expected to Earn Q2 2018 Earnings of $0.03 Per Share (SWCH)
www.americanbankingnews.com - May 16 at 7:32 AM
Analysts Offer Predictions for Switchs Q3 2018 Earnings (SWCH)Analysts Offer Predictions for Switch's Q3 2018 Earnings (SWCH)
www.americanbankingnews.com - May 16 at 7:24 AM
Stock Traders Purchase High Volume of Switch Put Options (SWCH)Stock Traders Purchase High Volume of Switch Put Options (SWCH)
www.americanbankingnews.com - May 16 at 6:36 AM
CAS rejects Munir El Haddadis Morocco switch, set to miss World CupCAS rejects Munir El Haddadi's Morocco switch, set to miss World Cup
www.msn.com - May 15 at 5:58 PM
Doctors slow to switch diabetes treatment when drugs dont workDoctors slow to switch diabetes treatment when drugs don't work
www.reuters.com - May 15 at 5:58 PM
Why Switch, Inc. Stock Plunged TodayWhy Switch, Inc. Stock Plunged Today
finance.yahoo.com - May 15 at 5:58 PM
Switch to Issue Quarterly Dividend of $0.01 (SWCH)Switch to Issue Quarterly Dividend of $0.01 (SWCH)
www.americanbankingnews.com - May 15 at 5:18 PM
Switchs (SWCH) "Outperform" Rating Reaffirmed at William BlairSwitch's (SWCH) "Outperform" Rating Reaffirmed at William Blair
www.americanbankingnews.com - May 15 at 1:56 PM
Switch (SWCH) Posts Quarterly  Earnings ResultsSwitch (SWCH) Posts Quarterly Earnings Results
www.americanbankingnews.com - May 15 at 10:54 AM
A Hacker Is Bringing The SNES Classic To Nintendo SwitchA Hacker Is Bringing The SNES Classic To Nintendo Switch
www.forbes.com - May 15 at 8:09 AM
Carrick makes immediate switch to coaching role at Man UtdCarrick makes immediate switch to coaching role at Man Utd
www.msn.com - May 15 at 8:09 AM
Switch: Growth Fails To Keep UpSwitch: Growth Fails To Keep Up
seekingalpha.com - May 15 at 8:09 AM
Its Time To Believe These Star Fox Grand Prix For Switch RumorsIt's Time To Believe These 'Star Fox Grand Prix' For Switch Rumors
www.forbes.com - May 15 at 8:09 AM
Switch, Inc. (SWCH) Q1 2018 Earnings Conference Call TranscriptSwitch, Inc. (SWCH) Q1 2018 Earnings Conference Call Transcript
finance.yahoo.com - May 15 at 8:09 AM
Edited Transcript of SWCH.N earnings conference call or presentation 14-May-18 9:00pm GMTEdited Transcript of SWCH.N earnings conference call or presentation 14-May-18 9:00pm GMT
finance.yahoo.com - May 15 at 8:09 AM
10 Stocks To Watch For May 15, 201810 Stocks To Watch For May 15, 2018
feeds.benzinga.com - May 15 at 6:39 AM
BMO Capital Markets Reaffirms "Buy" Rating for Switch (SWCH)BMO Capital Markets Reaffirms "Buy" Rating for Switch (SWCH)
www.americanbankingnews.com - May 14 at 9:17 PM
Switch Inc Stock Down on Q1 Earnings MissSwitch Inc Stock Down on Q1 Earnings Miss
investorplace.com - May 14 at 6:03 PM
Switch Plunges 11% on Slight Revenue, EPS MissSwitch Plunges 11% on Slight Revenue, EPS Miss
www.barrons.com - May 14 at 5:30 PM
Switch falls after earnings, revenue missSwitch falls after earnings, revenue miss
finance.yahoo.com - May 14 at 5:30 PM
Switch: 1Q Earnings SnapshotSwitch: 1Q Earnings Snapshot
finance.yahoo.com - May 14 at 5:30 PM
Switch Announces First Quarter 2018 Financial ResultsSwitch Announces First Quarter 2018 Financial Results
finance.yahoo.com - May 14 at 5:30 PM
Switch -9.6% as revenues miss despite near double-digit gainSwitch -9.6% as revenues miss despite near double-digit gain
seekingalpha.com - May 14 at 5:24 PM
F1 considered Silverstone switch for 1,000th raceF1 considered Silverstone switch for 1,000th race
www.reuters.com - May 14 at 8:08 AM
Rolls-Royce to switch to ‘full electric’ cars by 2040Rolls-Royce to switch to ‘full electric’ cars by 2040
www.ft.com - May 14 at 8:08 AM
Should Switch Inc’s (NYSE:SWCH) Recent Earnings Decline Worry You?Should Switch Inc’s (NYSE:SWCH) Recent Earnings Decline Worry You?
finance.yahoo.com - May 14 at 8:08 AM
Dodgers promote switch-pitcher VenditteDodgers promote switch-pitcher Venditte
www.reuters.com - May 13 at 8:04 AM
Valve switches on Steam Controllers mobile connection in betaValve switches on Steam Controller's mobile connection in beta
www.msn.com - May 13 at 8:04 AM

SEC Filings

Switch (NYSE:SWCH) SEC Filings

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Social Media

Financials

Switch (NYSE:SWCH) Income Statement, Balance Sheet and Cash Flow Statement

Chart

Switch (NYSE SWCH) Stock Chart for Tuesday, May, 22, 2018

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This page was last updated on 5/22/2018 by MarketBeat.com Staff

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