NYSE:SWCHSwitch Stock Price, Forecast & News

Switch's stock was trading at $12.88 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SWCH shares have increased by 36.3% and is now trading at $17.56. View which stocks have been most impacted by Coronavirus.

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 Wednesday, August 5th 2020. View our earnings forecast for Switch.

Switch Inc (NYSE:SWCH) announced its earnings results on Friday, May, 8th. The company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.05 by $0.01. The business had revenue of $128.10 million for the quarter, compared to analysts' expectations of $123.52 million. Switch had a net margin of 1.27% and a return on equity of 3.16%. The company's quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 EPS. View Switch's earnings history.

Switch announced a quarterly dividend on Monday, May 11th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.0294 per share on Tuesday, June 2nd. This represents a $0.12 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Thursday, May 21st. This is a positive change from Switch's previous quarterly dividend of $0.03. View Switch's dividend history.

Switch issued an update on its FY 2020 Pre-Market earnings guidance on Friday, May, 8th. 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 $516.11 million.

9 brokerages have issued 12-month price targets for Switch's stock. Their forecasts range from $17.00 to $23.00. On average, they anticipate Switch's stock price to reach $20.81 in the next year. This suggests a possible upside of 18.5% from the stock's current price. View analysts' price targets for Switch.

Media stories about SWCH stock have been trending positive on Thursday, according to InfoTrie Sentiment. The research firm rates the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Switch earned a media sentiment score of 2.1 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near term. View the latest news about Switch.

Switch saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 5,870,000 shares, an increase of 7.3% from the May 31st total of 5,470,000 shares. Based on an average daily volume of 2,110,000 shares, the days-to-cover ratio is presently 2.8 days. Approximately 7.8% of the shares of the company are short sold. View Switch's Current Options Chain.

Some companies that are related to Switch include Pinterest (PINS), Wix.Com (WIX), FactSet Research Systems (FDS), GDS (GDS), Line (LN), Livongo Health (LVGO), 58.com (WUBA), Weibo (WB), Legend Biotech (DADA), HUYA (HUYA), DouYu International (DOYU), Medallia (MDLA), SVMK (SVMK), 21Vianet Group (VNET) and Tripadvisor (TRIP). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Switch investors own include Advanced Micro Devices (AMD), Bank of Hawaii (BOH), Micron Technology (MU), NVIDIA (NVDA), InterDigital Wireless (IDCC), Stag Industrial (STAG), Teladoc Health (TDOC), Alibaba Group (BABA), Square (SQ) and General Electric (GE).

(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.

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

Switch's stock is owned by a number of retail and institutional investors. Top institutional investors include Manning & Napier Group LLC (0.06%) and Toth Financial Advisory Corp (0.01%). Company insiders that own Switch stock include Donald D Snyder, Intel Capital Corp, Lp Borden, Melissa Young, Michael David Borden, Peter M Thomas, Rob Roy, Scott Russell Gragson, Teresa A Borden, Thomas A Thomas and William Gonsalves Balelo. View institutional ownership trends for Switch.

SWCH stock was purchased by a variety of institutional investors in the last quarter, including Manning & Napier Group LLC, and Toth Financial Advisory Corp. View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of SWCH stock can currently be purchased for approximately $17.56.

Switch has a market capitalization of $4.24 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]