Switch Stock Forecast, Price & News

Switch's stock was trading at $12.88 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SWCH stock has increased by 21.2% and is now trading at $15.61.
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9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 1 hold rating, 7 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Switch.

Switch is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Switch.

Switch Inc (NYSE:SWCH) released its quarterly earnings results on Thursday, August, 6th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The firm earned $126.92 million during the quarter, compared to analyst estimates of $127.19 million. Switch had a return on equity of 2.72% and a net margin of 2.03%. Switch's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.01 earnings per share.
View Switch's earnings history.

Switch declared a quarterly dividend on Thursday, August 6th. Stockholders of record on Tuesday, August 18th will be paid a dividend of $0.05 per share on Monday, August 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Monday, August 17th. This is a boost from Switch's previous quarterly dividend of $0.03.
View Switch's dividend history.

Switch updated its FY 2020 After-Hours earnings guidance on Thursday, August, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $507-521 million, compared to the consensus revenue estimate of $518 million.

9 brokers have issued 1 year target prices for Switch's stock. Their forecasts range from $17.00 to $24.00. On average, they anticipate Switch's stock price to reach $21.19 in the next twelve months. This suggests a possible upside of 35.7% from the stock's current price.
View analysts' price targets for Switch.

Media coverage about SWCH stock has been trending negative this week, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Switch earned a news impact score of -2.8 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days.
View the latest news about Switch.

Switch saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 5,970,000 shares, an increase of 12.0% from the August 31st total of 5,330,000 shares. Based on an average daily trading volume, of 1,590,000 shares, the short-interest ratio is currently 3.8 days. Currently, 7.5% of the company's stock are sold short.
View Switch's Short Interest.

Some companies that are related to Switch include Livongo Health (LVGO), Wix.Com (WIX), FactSet Research Systems (FDS), Line (LN), GDS (GDS), 58.com (WUBA), OneConnect Financial Technology (OCFT), Weibo (WB), Legend Biotech (DADA), HUYA (HUYA), DouYu International (DOYU), Medallia (MDLA), Rackspace Technology (RXT), SVMK (SVMK) and Tripadvisor (TRIP).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Switch investors own include Advanced Micro Devices (AMD), Micron Technology (MU), Bank of Hawaii (BOH), NVIDIA (NVDA), Square (SQ), Alibaba Group (BABA), InterDigital Wireless (IDCC), Gilead Sciences (GILD), Stag Industrial (STAG) and Teladoc Health (TDOC).

(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 acted as the underwriters for the IPO and Citigroup, Credit Suisse, Jefferies, BTIG, Raymond James, Stifel and WilliamBlair were co-managers.

Switch trades on the New York Stock Exchange (NYSE) under the ticker symbol "SWCH."

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.

One share of SWCH stock can currently be purchased for approximately $15.61.

Switch has a market capitalization of $3.76 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.

The official website for Switch is www.switch.com.

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]