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NYSE:SWCH

Switch Stock Forecast, Price & News

$33.43
-0.20 (-0.59%)
(As of 06/28/2022 02:57 PM ET)
Add
Compare
Today's Range
$33.40
$33.61
50-Day Range
$29.81
$33.77
52-Week Range
$20.15
$33.84
Volume
52,724 shs
Average Volume
3.10 million shs
Market Capitalization
$8.18 billion
P/E Ratio
835.96
Dividend Yield
0.63%
Price Target
$30.48
30 days | 90 days | 365 days | Advanced Chart

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SWCH Stock Forecast (MarketRank)

Overall MarketRank

2.32 out of 5 stars

Business Services Sector

112th out of 466 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

18th out of 95 stocks

Analyst Opinion: 2.1Community Rank: 4.3Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -
Switch logo

About Switch (NYSE:SWCH)

Switch, Inc., through its subsidiary, Switch, Ltd., provides colocation space and related services. It develops and operates data centers in Nevada, Michigan, and Georgia. The company serves technology and digital media companies, financial institutions, government agencies, and network and telecommunications providers, as well as cloud, IT, and software providers. Switch, Inc. was founded in 2000 and is headquartered in Las Vegas, Nevada.

SWCH Stock News Headlines

See More Headlines

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Fax
N/A
Employees
829
Year Founded
N/A

Company Calendar

Last Earnings
5/10/2022
Ex-Dividend for 6/6 Dividend
5/23/2022
Dividend Payable
6/06/2022
Today
6/28/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$30.48
High Stock Price Forecast
$35.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
-8.8%
Consensus Rating
Hold
Rating Score (0-4)
2.21428571428571
Research Coverage
14 Analysts

Profitability

Net Income
$5.41 million
Pretax Margin
2.96%

Debt

Sales & Book Value

Annual Sales
$592.04 million
Cash Flow
$0.82 per share
Book Value
$2.54 per share

Miscellaneous

Free Float
173,239,000
Market Cap
$8.18 billion
Optionable
Optionable
Beta
0.71














Switch Frequently Asked Questions

Should I buy or sell Switch stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Switch in the last twelve months. There are currently 11 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Switch stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SWCH, but not buy additional shares or sell existing shares.
View analyst ratings for Switch
or view top-rated stocks.

What is Switch's stock price forecast for 2022?

14 brokers have issued 1 year target prices for Switch's shares. Their SWCH stock forecasts range from $26.00 to $35.00. On average, they expect Switch's share price to reach $30.48 in the next year. This suggests that the stock has a possible downside of 8.8%.
View analysts' price targets for Switch
or view top-rated stocks among Wall Street analysts.

How has Switch's stock performed in 2022?

Switch's stock was trading at $28.64 at the beginning of the year. Since then, SWCH stock has increased by 16.7% and is now trading at $33.43.
View the best growth stocks for 2022 here
.

Are investors shorting Switch?

Switch saw a drop in short interest in the month of May. As of May 31st, there was short interest totaling 7,360,000 shares, a drop of 14.4% from the May 15th total of 8,600,000 shares. Based on an average trading volume of 3,200,000 shares, the short-interest ratio is currently 2.3 days.
View Switch's Short Interest
.

When is Switch's next earnings date?

Switch is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Switch
.

How were Switch's earnings last quarter?

Switch, Inc. (NYSE:SWCH) released its earnings results on Tuesday, May, 10th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.01. The company earned $164.60 million during the quarter, compared to the consensus estimate of $163.82 million. Switch had a trailing twelve-month return on equity of 2.81% and a net margin of 1.05%. The firm's revenue for the quarter was up 25.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.08 earnings per share.
View Switch's earnings history
.

How often does Switch pay dividends? What is the dividend yield for Switch?

Switch announced a quarterly dividend on Thursday, May 12th. Stockholders of record on Tuesday, May 24th will be paid a dividend of $0.0525 per share on Monday, June 6th. This represents a $0.21 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Monday, May 23rd. This is a boost from Switch's previous quarterly dividend of $0.05.
View Switch's dividend history
.

Is Switch a good dividend stock?

Switch(NYSE:SWCH) pays an annual dividend of $0.21 per share and currently has a dividend yield of 0.63%. Switch has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Switch is 525.13%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Switch will have a dividend payout ratio of 84.00% in the coming year. This indicates that Switch may not be able to sustain their current dividend.
View Switch's dividend history.

What guidance has Switch issued on next quarter's earnings?

Switch issued an update on its FY 2022 earnings guidance on Tuesday, June, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $660.00 million-$674.00 million, compared to the consensus revenue estimate of $670.65 million.

Who are Switch's key executives?

Switch's management team includes the following people:
  • Mr. Rob Roy, Founder, Chairman & CEO (Age 53, Pay $3.02M)
  • Mr. Erin Thomas Morton, Pres, Chief Legal Officer & Sec. (Age 53, Pay $2.09M) (LinkedIn Profile)
  • Mr. Gabriel Nacht, Chief Financial Officer (Age 61, Pay $941.91k)
  • Ms. Melissa Young, Chief Information Officer (Age 50, Pay $661.07k) (LinkedIn Profile)
  • Mr. Jonathan H. King, Chief Revenue Officer
  • Ms. Jennifer Arias, Sr. VP of Accounting & Controller
  • Mr. Eddie Schutter, Chief Technology Officer
  • Mr. Matthew Scott Heinz C.F.A., VP of Investor Relations and Financial Planning & Analysis
  • Kathleen Tam, Exec. VP of Corp. Affairs & Deputy Gen. Counsel
  • Ms. Heather Ellerbe, VP of Marketing

What is Rob Roy's approval rating as Switch's CEO?

82 employees have rated Switch CEO Rob Roy on Glassdoor.com. Rob Roy has an approval rating of 78% among Switch's employees.

What other stocks do shareholders of Switch own?

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), Gilead Sciences (GILD), Square (SQ), Alibaba Group (BABA), InterDigital (IDCC), STAG Industrial (STAG) and Teladoc Health (TDOC).

When did Switch IPO?

(SWCH) raised $470 million in an initial public offering 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.

What is Switch's stock symbol?

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

Who are Switch's major shareholders?

Switch's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (4.39%), Royal Bank of Canada (4.01%), BlackRock Inc. (2.68%), Earnest Partners LLC (1.66%), DigitalBridge Group Inc. (1.52%) and Bank of America Corp DE (1.46%). Company insiders that own Switch stock include Erin Thomas Morton, Lp Borden, Melissa Young, Michael David Borden, Peter M Thomas, Rob Roy, Stella Roy, Teresa A Borden, Thomas A Thomas, 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 American Assets Capital Advisers LLC, First Trust Advisors LP, PEAK6 Investments LLC, Canada Pension Plan Investment Board, Manning & Napier Group LLC, Moody Aldrich Partners LLC, Principal Financial Group Inc., and Nia Impact Advisors LLC. Company insiders that have sold Switch company stock in the last two years include Erin Thomas Morton, Melissa Young, Rob Roy, Stella Roy, Teresa A Borden, and Thomas A Thomas.
View insider buying and selling activity for Switch
or view top insider-selling stocks.

Which institutional investors are buying Switch stock?

SWCH stock was purchased by a variety of institutional investors in the last quarter, including Blair William & Co. IL, American Century Companies Inc., DigitalBridge Group Inc., Bank of Nova Scotia, Sei Investments Co., Invesco Ltd., Frontier Capital Management Co. LLC, and Pacer Advisors Inc..
View insider buying and selling activity for Switch
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Switch's stock price today?

One share of SWCH stock can currently be purchased for approximately $33.43.

How much money does Switch make?

Switch (NYSE:SWCH) has a market capitalization of $8.18 billion and generates $592.04 million in revenue each year. The company earns $5.41 million in net income (profit) each year or $0.039990 on an earnings per share basis.

How many employees does Switch have?

Switch employs 829 workers across the globe.

How can I contact Switch?

Switch's mailing address is 7135 S. Decatur Boulevard, Las Vegas NV, 89118. The official website for Switch is www.switch.com. The company can be reached via phone at (702) 444-4111 or via email at [email protected].

This page (NYSE:SWCH) was last updated on 6/28/2022 by MarketBeat.com Staff

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