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.
Industry, Sector and Symbol
Industry Computer programming, data processing, & other computer related
Sub-IndustryN/A
SectorBusiness Services
Phone702-444-4111
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$405.86 million
Profitability
Miscellaneous
Employees731
Next Earnings Date5/8/2019 (Confirmed)
OptionableOptionable
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, March 13th. Investors of record on Monday, March 25th will be given a dividend of $0.0294 per share on Thursday, April 4th. This represents a $0.12 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Friday, March 22nd. This is an increase from Switch's previous quarterly dividend of $0.01. View Switch's Dividend History.
How were Switch's earnings last quarter?
Switch Inc (NYSE:SWCH) issued its quarterly earnings results on Tuesday, March, 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. The business earned $103.21 million during the quarter, compared to the consensus estimate of $104.36 million. Switch had a net margin of 1.00% and a return on equity of 0.56%. View Switch's Earnings History.
When is Switch's next earnings date?
What guidance has Switch issued on next quarter's earnings?
Switch updated its FY 2019 earnings guidance on Tuesday, March, 12th. The company provided EPS guidance of for the period. The company issued revenue guidance of $436-445 million, compared to the consensus revenue estimate of $449.89 million.
What price target have analysts set for SWCH?
12 analysts have issued 1 year price objectives for Switch's stock. Their predictions range from $10.00 to $22.00. On average, they expect Switch's stock price to reach $14.00 in the next year. This suggests a possible upside of 34.2% from the stock's current price. View Analyst Price Targets for Switch.
What is the consensus analysts' recommendation for Switch?
12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 5 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Switch.
Has Switch been receiving favorable news coverage?
Media coverage about SWCH stock has trended somewhat negative on Friday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Switch earned a media sentiment score of -1.5 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the next several days.
Who are some of Switch's key competitors?
Some companies that are related to Switch include FactSet Research Systems (FDS), Trade Desk (TTD), Line (LN), Tripadvisor (TRIP), Wix.Com (WIX), Sabre (SABR), Stars Group (TSG), InterXion (INXN), GDS (GDS), HUYA (HUYA), Pluralsight (PS), Qutoutiao (QTT), SVMK (SVMK), Eventbrite (EB) and Aurora Mobile (JG).
What other stocks do shareholders of Switch own?
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, 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 $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 institutional and retail investors. Top institutional shareholders include BNP Paribas Arbitrage SA (0.00%). 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 institutional investors are buying Switch stock?
SWCH stock was bought by a variety of institutional investors in the last quarter, including BNP Paribas Arbitrage SA. 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 $10.43.
How big of a company is Switch?
Switch has a market capitalization of $2.58 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.
What is Switch's official website?
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)
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.
