Switch, 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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Computer programming, data processing, & other computer related
Sub-IndustryN/A
SectorBusiness Services
SymbolNYSE:SWCH
CUSIPN/A
Phone702-444-4111
Debt
Debt-to-Equity Ratio0.81
Current Ratio2.78
Quick Ratio2.78
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E Ratio102.09
P/E Growth7.08
Sales & Book Value
Annual Sales$378.27 million
Price / Sales7.50
Cash Flow$0.3187 per share
Price / Cash35.24
Book Value$2.94 per share
Price / Book3.82
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$-15,200,000.00
Net Margins-12.35%
Return on Equity0.49%
Return on Assets0.21%
Miscellaneous
Employees723
Outstanding Shares252,700,000
Market Cap$2.89 billion
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, August 14th. Shareholders of record on Friday, August 24th will be paid a dividend of $0.0147 per share on Tuesday, September 4th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Thursday, August 23rd. View Switch's Dividend History.
How were Switch's earnings last quarter?
Switch Inc (NYSE:SWCH) issued its earnings results on Monday, August, 13th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by $0.02. The company had revenue of $102.20 million for the quarter, compared to analyst estimates of $102.78 million. Switch had a positive return on equity of 0.49% and a negative net margin of 12.35%. Switch's revenue was up 11.0% on a year-over-year basis. During the same period last year, the business posted $0.07 EPS. View Switch's Earnings History.
When is Switch's next earnings date?
What price target have analysts set for SWCH?
13 analysts have issued 1 year target prices for Switch's shares. Their predictions range from $12.00 to $22.00. On average, they expect Switch's share price to reach $16.75 in the next year. This suggests a possible upside of 49.2% from the stock's current price. View Analyst Price Targets for Switch.
What is the consensus analysts' recommendation for Switch?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 8 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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. " (8/16/2018)
- 2. Credit Suisse Group AG 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)
Who are some of Switch's key competitors?
Some companies that are related to Switch include 58.com (WUBA), Yandex (YNDX), Line (LN), FactSet Research Systems (FDS), Sabre (SABR), Tripadvisor (TRIP), Trade Desk (TTD), Wix.Com (WIX), Stars Group (TSG), HUYA (HUYA), InterXion (INXN), Pluralsight (PS), GDS (GDS), TrueCar (TRUE) and HealthStream (HSTM).
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, Chief Information Officer
- 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 $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.
Has Switch been receiving favorable news coverage?
Press coverage about SWCH stock has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Switch earned a news and rumor sentiment score of 0.18 on Accern's scale. They also assigned press coverage about the company an impact score of 46.57 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the immediate future. View Recent Headlines for Switch.
Who are Switch's major shareholders?
Switch's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Wells Fargo & Company MN (2.56%), Sylebra HK Co Ltd (2.12%), TPG Group Holdings SBS Advisors Inc. (0.96%), Janus Henderson Group PLC (0.86%), Intel Corp (0.68%) and BlackRock Inc. (0.57%). Company insiders that own Switch stock include 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 selling Switch stock?
SWCH stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Bank of Montreal Can, Meadow Creek Investment Management LLC, Massachusetts Financial Services Co. MA and TCW Group Inc.. Company insiders that have sold Switch company stock in the last year include Intel Capital Corp, Scott Russell Gragson and William Gonsalves Balelo. View Insider Buying and Selling for Switch.
Which institutional investors are buying Switch stock?
SWCH stock was bought by a variety of institutional investors in the last quarter, including Sylebra HK Co Ltd, TPG Group Holdings SBS Advisors Inc., Wells Fargo & Company MN, Intel Corp, American Assets Capital Advisers LLC, Bank of New York Mellon Corp, Bank of New York Mellon Corp and Russell Investments Group Ltd.. 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 $11.23.
How big of a company is Switch?
Switch has a market capitalization of $2.89 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 (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.
