NYSE:SWCH

Switch Stock Forecast, Price & News

$20.43
-0.13 (-0.63 %)
(As of 07/29/2021 12:00 AM ET)
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Today's Range
$20.39
$20.83
50-Day Range
$18.87
$21.92
52-Week Range
$13.38
$21.99
Volume1.10 million shs
Average Volume2.25 million shs
Market Capitalization$4.94 billion
P/E Ratio85.13
Dividend Yield0.97%
Beta0.72
30 days | 90 days | 365 days | Advanced Chart
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Switch logo

About Switch

Switch, Inc., through its subsidiary, Switch, Ltd., provides colocation space and related services in the United States. 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.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

2.00 out of 5 stars

Business Services Sector

97th out of 545 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

12th out of 93 stocks

Analyst Opinion: 1.5Community Rank: 3.3Dividend Strength: 0.8Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -
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Switch (NYSE:SWCH) Frequently Asked Questions

Is Switch a buy right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Switch stock.
View analyst ratings for Switch
or view top-rated stocks.

What stocks does MarketBeat like better than Switch?

Wall Street analysts have given Switch a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Switch wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Switch's next earnings date?

Switch is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Switch
.

How can I listen to Switch's earnings call?

Switch will be holding an earnings conference call on Thursday, August 5th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Switch's earnings last quarter?

Switch, Inc. (NYSE:SWCH) issued its quarterly earnings results on Monday, May, 10th. The company reported $0.08 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.05 by $0.03. The business earned $130.90 million during the quarter, compared to analyst estimates of $129.10 million. Switch had a net margin of 5.52% and a trailing twelve-month return on equity of 4.80%. The business's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company posted $0.04 EPS.
View Switch's earnings history
.

How has Switch's stock been impacted by COVID-19?

Switch's stock was trading at $12.88 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SWCH stock has increased by 58.6% and is now trading at $20.43.
View which stocks have been most impacted by COVID-19
.

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

Switch announced a quarterly dividend on Tuesday, May 11th. Stockholders of record on Tuesday, May 25th will be paid a dividend of $0.05 per share on Friday, June 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Monday, May 24th.
View Switch's dividend history
.

Is Switch a good dividend stock?

Switch pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.97%. Switch does not yet have a strong track record of dividend growth. The dividend payout ratio of Switch is 95.24%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Switch will have a dividend payout ratio of 60.61% next year. This indicates that Switch will be able to sustain or increase its dividend.
View Switch's dividend history.

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

Switch issued an update on its FY 2021 earnings guidance on Tuesday, June, 8th. The company provided earnings per share guidance of $- for the period. The company issued revenue guidance of $543 million-555 million, compared to the consensus revenue estimate of $547.05 million.

What price target have analysts set for SWCH?

6 analysts have issued 12 month target prices for Switch's stock. Their forecasts range from $20.00 to $24.00. On average, they expect Switch's stock price to reach $21.80 in the next twelve months. This suggests a possible upside of 6.7% from the stock's current price.
View analysts' price targets for Switch
or view top-rated stocks among Wall Street analysts.

Who are Switch's key executives?

Switch's management team includes the following people:
  • Mr. Rob Roy, Founder, Chairman & CEO (Age 52, Pay $2.72M)
  • Mr. Erin Thomas Morton, Pres, Chief Legal Officer & Sec. (Age 52, Pay $2.02M)
  • Mr. Gabriel Nacht, Chief Financial Officer (Age 60, Pay $916.36k)
  • Ms. Melissa Young, Chief Information Officer (Age 49, Pay $608.6k)
  • Ms. Teresa Borden, Chief Construction Officer (Age 42, Pay $502.1k)
  • Ms. Lesley McVay, Chief Operations Officer
  • Ms. Jennifer Arias, VP of Accounting & Controller
  • Mr. Eddie Schutter, Chief Technology Officer
  • Mr. Matthew Scott Heinz C.F.A., CFA, VP of Investor Relations and Financial Planning & Analysis
  • Mr. Rob Elliott, Sr. VP of Gov. & Public Affairs

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.

Who are some of Switch's key competitors?

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 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.

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 shareholders include Vaughan Nelson Investment Management L.P. (0.90%), DAVENPORT & Co LLC (0.34%) and Manning & Napier Group LLC (0.25%). 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 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 Vaughan Nelson Investment Management L.P.. Company insiders that have sold Switch company stock in the last year 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 acquired by a variety of institutional investors in the last quarter, including DAVENPORT & Co LLC, and Manning & Napier Group LLC.
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 $20.43.

How much money does Switch make?

Switch has a market capitalization of $4.94 billion and generates $511.55 million in revenue each year. The company earns $15.54 million in net income (profit) each year or $0.21 on an earnings per share basis.

How many employees does Switch have?

Switch employs 759 workers across the globe.

What is Switch's official website?

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

Where are Switch's headquarters?

Switch is headquartered at 7135 S. Decatur Boulevard, Las Vegas NV, 89118.

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]


This page was last updated on 7/30/2021 by MarketBeat.com Staff
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