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

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

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.

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.

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.

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.

Some companies that are related to Switch include 58.com (WUBA), Match Group (MTCH), Yandex (YNDX), LINE (LN), FactSet (FDS), TripAdvisor (TRIP), Sabre (SABR), The Stars Group (TSG), Interxion (INXN), Wix.com (WIX), GDS (GDS), The Trade Desk (TTD), Jianpu Technology (JT), Internet Initiative Japan (IIJI) and TrueCar (TRUE).

(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.

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.

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.

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.

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.

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.

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.

One share of SWCH stock can currently be purchased for approximately $12.51.

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.

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]