NYSE:SWCH - Switch Stock Price, News & Analysis

$16.08
-0.37 (-2.25 %)
(As of 08/23/2019 04:00 PM ET)
Today's Range
$16.03
Now: $16.08
$16.61
50-Day Range
$12.91
MA: $14.02
$16.23
52-Week Range
$6.39
Now: $16.08
$16.61
Volume1.00 million shs
Average Volume1.11 million shs
Market Capitalization$3.94 billion
P/E Ratio145.27
Dividend Yield0.74%
Beta0.68
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. Read More…

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$405.86 million
Cash Flow$0.4678 per share
Book Value$2.82 per share

Profitability

Net Income$4.05 million

Miscellaneous

Employees731
Market Cap$3.94 billion
Next Earnings Date11/12/2019 (Estimated)
OptionableOptionable

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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 Wednesday, August 7th. Investors of record on Monday, August 19th will be given a dividend of $0.029 per share on Friday, August 30th. This represents a $0.12 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, August 16th. View Switch's Dividend History.

How were Switch's earnings last quarter?

Switch Inc (NYSE:SWCH) issued its quarterly earnings data on Wednesday, August, 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by $0.02. The business had revenue of $111.59 million for the quarter, compared to analysts' expectations of $109.47 million. Switch had a return on equity of 2.60% and a net margin of 1.05%. The business's revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the business posted $0.02 EPS. View Switch's Earnings History.

When is Switch's next earnings date?

Switch is scheduled to release their next quarterly earnings announcement on Tuesday, November 12th 2019. View Earnings Estimates for Switch.

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

Switch issued an update on its FY 2019 earnings guidance on Wednesday, August, 7th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $442-448 million, compared to the consensus revenue estimate of $442.82 million.

What price target have analysts set for SWCH?

8 brokerages have issued twelve-month target prices for Switch's stock. Their predictions range from $10.00 to $14.00. On average, they anticipate Switch's share price to reach $11.6250 in the next year. This suggests that the stock has a possible downside of 27.7%. View Analyst Price Targets for Switch.

What is the consensus analysts' recommendation for Switch?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Switch.

Has Switch been receiving favorable news coverage?

News headlines about SWCH stock have trended positive on Saturday, InfoTrie reports. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Switch earned a daily sentiment score of 2.5 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the company's share price in the next several days. View News Stories for Switch.

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), InterDigital Wireless (IDCC), Stag Industrial (STAG), Square (SQ), Advanced Micro Devices (AMD), General Electric (GE), Macy's (M), Micron Technology (MU), NVIDIA (NVDA) and Vereit (VER).

Who are Switch's key executives?

Switch's management team includes the folowing 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 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.

Who are Switch's major shareholders?

Switch's stock is owned by many different of retail and institutional investors. Top institutional investors include Sylebra Capital Ltd (3.09%), Vanguard Group Inc. (2.04%), Renaissance Technologies LLC (1.14%), US Bancorp DE (1.05%), Senvest Management LLC (0.89%) and BlackRock Inc. (0.89%). Company insiders that own Switch stock include Donald D Snyder, Erin Thomas Morton, Intel Capital Corp, Scott Russell Gragson, Thomas A Thomas and William Gonsalves Balelo. View Institutional Ownership Trends for Switch.

Which major investors are selling Switch stock?

SWCH stock was sold by a variety of institutional investors in the last quarter, including Sylebra Capital Ltd, JPMorgan Chase & Co., Bank of Montreal Can, D. E. Shaw & Co. Inc., Cubist Systematic Strategies LLC, Wells Fargo & Company MN, Trexquant Investment LP and Invesco Ltd.. Company insiders that have sold Switch company stock in the last year include Donald D Snyder, Intel Capital Corp, Scott Russell Gragson and William Gonsalves Balelo. View Insider Buying and Selling for Switch.

Which major investors are buying Switch stock?

SWCH stock was purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Vanguard Group Inc., Renaissance Technologies LLC, BlackRock Inc., Senvest Management LLC, Waddell & Reed Financial Inc., Essex Investment Management Co. LLC and Nuveen Asset Management LLC. Company insiders that have bought Switch stock in the last two years include Erin Thomas Morton and Thomas A Thomas. 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 $16.08.

How big of a company is Switch?

Switch has a market capitalization of $3.94 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.

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:  264 (Vote Outperform)
Underperform Votes:  293 (Vote Underperform)
Total Votes:  557
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 8/24/2019 by MarketBeat.com Staff

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