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NYSE:SWCH - Switch Stock Price, Forecast & News

$13.94
-0.07 (-0.50 %)
(As of 03/27/2020 04:00 PM ET)
Today's Range
$13.64
Now: $13.94
$14.23
50-Day Range
$11.22
MA: $14.90
$17.69
52-Week Range
$10.09
Now: $13.94
$17.83
Volume1.27 million shs
Average Volume2.24 million shs
Market Capitalization$3.36 billion
P/E Ratio174.27
Dividend Yield0.84%
Beta0.59
Switch, Inc., through its subsidiary, Switch, Ltd., provides colocation space and related services primarily to technology and digital media companies in the United States. It develops and operates data centers in Nevada and Michigan. The company also serves cloud and managed service providers, financial institutions, IT and software providers, government agencies, network and telecommunications providers, and others that conduct critical business on the Internet. 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$462.31 million
Cash Flow$0.61 per share
Book Value$2.61 per share

Profitability

Net Income$8.92 million

Miscellaneous

Employees731
Market Cap$3.36 billion
Next Earnings Date5/13/2020 (Estimated)
OptionableOptionable

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Switch (NYSE:SWCH) Frequently Asked Questions

How has Switch's stock been impacted by COVID-19 (Coronavirus)?

Switch's stock was trading at $12.88 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SWCH stock has increased by 8.2% and is now trading at $13.94. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Switch?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Switch.

When is Switch's next earnings date?

Switch is scheduled to release its next quarterly earnings announcement on Wednesday, May 13th 2020. View our earnings forecast for Switch.

How were Switch's earnings last quarter?

Switch Inc (NYSE:SWCH) announced its earnings results on Thursday, February, 27th. The company reported $0.04 EPS for the quarter, missing the Zacks' consensus estimate of $0.05 by $0.01. The company earned $120.50 million during the quarter, compared to analyst estimates of $119.40 million. Switch had a net margin of 1.75% and a return on equity of 3.26%. The company's revenue for the quarter was up 16.8% on a year-over-year basis. During the same period last year, the firm posted $0.05 EPS. View Switch's earnings history.

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

Switch declared a quarterly dividend on Thursday, February 27th. Investors of record on Thursday, March 12th will be given a dividend of $0.029 per share on Tuesday, March 24th. This represents a $0.12 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, March 11th. View Switch's dividend history.

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

Switch updated its FY 2020 After-Hours earnings guidance on Thursday, February, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $507-521 million, compared to the consensus revenue estimate of $512.04 million.

What price target have analysts set for SWCH?

7 Wall Street analysts have issued 12 month target prices for Switch's shares. Their forecasts range from $17.00 to $21.00. On average, they anticipate Switch's share price to reach $18.67 in the next year. This suggests a possible upside of 33.9% from the stock's current price. View analysts' price targets for Switch.

Has Switch been receiving favorable news coverage?

Press coverage about SWCH stock has trended very negative on Saturday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Switch earned a news impact score of -3.4 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutSwitch.

Are investors shorting Switch?

Switch saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 4,372,600 shares, an increase of 32.9% from the February 27th total of 3,290,000 shares. Based on an average daily trading volume, of 1,240,000 shares, the days-to-cover ratio is presently 3.5 days. Approximately 18.9% of the shares of the company are short sold. View Switch's Current Options Chain.

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 Bank of Hawaii (BOH), Advanced Micro Devices (AMD), InterDigital Wireless (IDCC), Stag Industrial (STAG), NVIDIA (NVDA), Micron Technology (MU), Square (SQ), Gilead Sciences (GILD), Alibaba Group (BABA) and General Electric (GE).

Who are Switch's key executives?

Switch's management team includes the following people:
  • Mr. Rob Roy, Founder, CEO & Chairman (Age 50)
  • Mr. Erin Thomas Morton, Pres, Chief Legal Officer/Gen. Counsel & Sec. (Age 50)
  • Mr. Gabriel Nacht, Chief Financial Officer (Age 58)
  • Eddie Shutter, Chief Technology Officer
  • Ms. Missy Young, Chief Information Officer

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 Sylebra Capital Ltd (3.27%), Renaissance Technologies LLC (2.66%), ArrowMark Colorado Holdings LLC (2.61%), US Bancorp DE (1.74%), First Trust Advisors LP (1.10%) and Senvest Management LLC (0.91%). Company insiders that own Switch stock include Donald D Snyder, Intel Capital Corp, Lp Borden, Melissa Young, Michael David Borden, Peter M Thomas, Rob Roy, 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 First Trust Advisors LP, Royce & Associates LP, Falcon Point Capital LLC, US Bancorp DE, Nuveen Asset Management LLC, Cubist Systematic Strategies LLC, Credit Suisse AG, and Bank of Montreal Can. Company insiders that have sold Switch company stock in the last year include Lp Borden, Melissa Young, Michael David Borden, Peter M Thomas, Rob Roy, Scott Russell Gragson, Thomas A Thomas, and William Gonsalves Balelo. View insider buying and selling activity for Switch.

Which institutional investors are buying Switch stock?

SWCH stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Sylebra Capital Ltd, Citigroup Inc., ArrowMark Colorado Holdings LLC, Pacer Advisors Inc., Pacific Edge Advisors LLC, State of New Jersey Common Pension Fund D, and Connor Clark & Lunn Investment Management Ltd.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Switch's stock price today?

One share of SWCH stock can currently be purchased for approximately $13.94.

How big of a company is Switch?

Switch has a market capitalization of $3.36 billion and generates $462.31 million in revenue each year. The company earns $8.92 million in net income (profit) each year or $0.15 on an earnings per share basis. Switch employs 731 workers across the globe. View additional information about Switch.

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:  2.4 out of 5 (star star)
Outperform Votes:  331 (Thanks for Voting!)
Underperform Votes:  351 (Thanks for Voting!)
Total Votes:  682
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 3/28/2020 by MarketBeat.com Staff

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