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
Current SymbolNYSE:SWCH
Previous Symbol
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 Ratio77.83
P/E Growth5.31
Sales & Book Value
Annual Sales$378.27 million
Price / Sales6.24
Cash Flow$0.3259 per share
Price / Cash28.66
Book Value$2.94 per share
Price / Book3.18
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$-15,200,000.00
Net Margins-12.35%
Return on Equity0.49%
Return on Assets0.21%
Miscellaneous
Employees723
Outstanding Shares252,700,000
Market Cap$2.35 billion
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 Tuesday, August 14th. Stockholders 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 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Thursday, August 23rd. View Switch's Dividend History.
How were Switch's earnings last quarter?
Switch Inc (NYSE:SWCH) issued its quarterly earnings data on Monday, August, 13th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.04 by $0.02. The company earned $102.20 million during the quarter, compared to the consensus estimate of $102.78 million. Switch had a negative net margin of 12.35% and a positive return on equity of 0.49%. The firm's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.07 EPS. View Switch's Earnings History.
When is Switch's next earnings date?
How can I listen to Switch's earnings call?
Switch will be holding an earnings conference call on Tuesday, November 13th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8778302636.
What price target have analysts set for SWCH?
12 equities research analysts have issued twelve-month target prices for Switch's stock. Their forecasts range from $10.00 to $22.00. On average, they anticipate Switch's stock price to reach $15.9444 in the next twelve months. This suggests a possible upside of 70.7% 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 6 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 negative recently, InfoTrie reports. The research group identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Switch earned a coverage optimism score of -2.6 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 7.0 out of 10, indicating that recent press coverage is likely to have an effect on the company's share price in the immediate future.
Who are some of Switch's key competitors?
Some companies that are related to Switch include Yandex (YNDX), 58.com (WUBA), FactSet Research Systems (FDS), Snap (SNAP), Tripadvisor (TRIP), Sabre (SABR), Line (LN), Trade Desk (TTD), Stars Group (TSG), Wix.Com (WIX), InterXion (INXN), HUYA (HUYA), Pluralsight (PS), GDS (GDS) and Eventbrite (EB).
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 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 acted 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 a variety of of retail and institutional investors. Top institutional shareholders include American Assets Capital Advisers LLC (0.88%), Wells Fargo & Company MN (0.66%), Janus Henderson Group PLC (0.60%), US Bancorp DE (0.56%), BlackRock Inc. (0.56%) and Massachusetts Financial Services Co. MA (0.40%). 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 Wells Fargo & Company MN, TCW Group Inc., Janus Henderson Group PLC, Bank of New York Mellon Corp, Massachusetts Financial Services Co. MA, JPMorgan Chase & Co., Falcon Point Capital LLC and Buckley Wealth Management LLC. 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 purchased by a variety of institutional investors in the last quarter, including US Bancorp DE, American Assets Capital Advisers LLC, Beach Point Capital Management LP, Bank of Montreal Can and Alliancebernstein L.P.. 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 $9.34.
How big of a company is Switch?
Switch has a market capitalization of $2.35 billion and generates $378.27 million in revenue each year. Switch employs 723 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.
