S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
Dems' climate, energy, tax bill clears initial Senate hurdle
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
Dems' climate, energy, tax bill clears initial Senate hurdle
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
Dems' climate, energy, tax bill clears initial Senate hurdle
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
Dems' climate, energy, tax bill clears initial Senate hurdle
NYSE:SWCH

Switch - SWCH Stock Forecast, Price & News

$33.95
+0.07 (+0.21%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$33.85
$33.99
50-Day Range
$32.95
$33.95
52-Week Range
$22.96
$33.99
Volume
2.25 million shs
Average Volume
1.70 million shs
Market Capitalization
$8.30 billion
P/E Ratio
848.96
Dividend Yield
0.62%
Price Target
$30.48

Switch MarketRank™ Forecast

Analyst Rating
Hold
2.21 Rating Score
Upside/​Downside
7.3% Downside
$31.47 Price Target
Short Interest
Healthy
2.70% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.93
Upright™ Environmental Score
News Sentiment
0.15mentions of Switch in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$4.01 M Sold Last Quarter
Proj. Earnings Growth
31.58%
From $0.19 to $0.25 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.20 out of 5 stars

Business Services Sector

171st out of 429 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

39th out of 85 stocks

SWCH stock logo

About Switch (NYSE:SWCH) Stock

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.

Analysts Set New Price Targets

A number of research firms have issued reports on SWCH. Cowen lowered Switch from an "outperform" rating to a "market perform" rating in a research report on Wednesday, May 11th. William Blair lowered Switch from an "outperform" rating to a "market perform" rating in a research report on Wednesday, May 11th. Raymond James lowered Switch from a "strong-buy" rating to a "market perform" rating in a research report on Monday, May 16th. Berenberg Bank lowered Switch from a "buy" rating to a "hold" rating and set a $34.25 target price on the stock. in a research report on Tuesday, May 24th. Finally, Cowen lowered Switch from an "outperform" rating to a "market perform" rating in a research report on Wednesday, May 11th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $31.47.

Switch Stock Performance

SWCH Stock traded up $0.07 on Friday, reaching $33.95. The company's stock had a trading volume of 2,254,535 shares, compared to its average volume of 1,701,995. The firm has a fifty day moving average of $33.59 and a two-hundred day moving average of $30.54. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.52 and a quick ratio of 0.52. The company has a market capitalization of $8.30 billion, a P/E ratio of 848.96 and a beta of 0.64. Switch has a 52 week low of $22.96 and a 52 week high of $33.99.

Switch (NYSE:SWCH - Get Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The firm had revenue of $164.60 million for the quarter, compared to the consensus estimate of $163.82 million. Switch had a net margin of 1.05% and a return on equity of 2.81%. The business's revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.08 earnings per share. As a group, analysts predict that Switch will post 0.19 EPS for the current fiscal year.

Switch Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 6th. Stockholders of record on Tuesday, May 24th were issued a $0.0525 dividend. The ex-dividend date was Monday, May 23rd. This represents a $0.21 dividend on an annualized basis and a dividend yield of 0.62%. This is a positive change from Switch's previous quarterly dividend of $0.05. Switch's dividend payout ratio is presently 525.13%.

Insider Activity

In other Switch news, Director Thomas A. Thomas sold 40,000 shares of the stock in a transaction on Friday, July 15th. The shares were sold at an average price of $33.74, for a total transaction of $1,349,600.00. Following the transaction, the director now directly owns 3,044,360 shares of the company's stock, valued at $102,716,706.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 120,000 shares of company stock worth $4,014,000 over the last quarter. Corporate insiders own 14.00% of the company's stock.

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SWCH Stock News Headlines

The Switch to Coal in Europe
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SWCH Company Calendar

Last Earnings
5/10/2022
Ex-Dividend for 6/6 Dividend
5/23/2022
Dividend Payable
6/06/2022
Today
8/07/2022
Next Earnings (Confirmed)
8/08/2022
Fiscal Year End
12/31/2022

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

Price Target and Rating

Average Stock Price Forecast
$31.47
High Stock Price Forecast
$35.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
-10.2%
Consensus Rating
Hold
Rating Score (0-4)
2.21
Research Coverage
13 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
210,372,000
Market Cap
$8.30 billion
Optionable
Optionable
Beta
0.64














SWCH Stock - Frequently Asked Questions

Should I buy or sell Switch stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 11 hold ratings and 2 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?

13 brokerages have issued 1 year price targets for Switch's stock. Their SWCH stock forecasts range from $28.00 to $35.00. On average, they anticipate Switch's stock price to reach $31.47 in the next twelve months. This suggests that the stock has a possible downside of 7.3%.
View analysts' price targets for Switch
or view top-rated stocks among Wall Street analysts.

How has Switch's stock price performed in 2022?

Switch's stock was trading at $28.64 at the beginning of 2022. Since then, SWCH stock has increased by 18.5% and is now trading at $33.95.
View the best growth stocks for 2022 here
.

Are investors shorting Switch?

Switch saw a drop in short interest during the month of July. As of July 15th, there was short interest totaling 6,610,000 shares, a drop of 21.6% from the June 30th total of 8,430,000 shares. Based on an average daily volume of 3,610,000 shares, the short-interest ratio is currently 1.8 days.
View Switch's Short Interest
.

When is Switch's next earnings date?

Switch is scheduled to release its next quarterly earnings announcement on Monday, August 8th 2022.
View our earnings forecast for Switch
.

How were Switch's earnings last quarter?

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

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 annualized dividend and a dividend yield of 0.62%. 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 0.62%. 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 updated its FY 2022 earnings guidance on Tuesday, June, 7th. The company provided 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.

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), Block (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 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 investors include Versor Investments LP (1.24%), US Bancorp DE (1.02%), American Assets Capital Advisers LLC (0.50%), Copeland Capital Management LLC (0.47%), Frontier Capital Management Co. LLC (0.32%) and Green Alpha Advisors LLC (0.21%). 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
.

How do I buy shares of Switch?

Shares of SWCH stock 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 $33.95.

How much money does Switch make?

Switch (NYSE:SWCH) has a market capitalization of $8.30 billion and generates $592.04 million in revenue each year. The company earns $5.41 million in net income (profit) each year or $0.04 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 investorrelations@switch.com.

This page (NYSE:SWCH) was last updated on 8/7/2022 by MarketBeat.com Staff

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