NYSE:SWCH - Switch Stock Price, Price Target & More

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

Switch declared a quarterly dividend on Tuesday, May 15th. Investors of record on Tuesday, May 29th will be paid a dividend of $0.0147 per share on Friday, June 8th. This represents a $0.06 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Friday, May 25th. View Switch's Dividend History.

Switch (NYSE:SWCH) announced its earnings results on Monday, May, 14th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.05 by $0.03. The firm had revenue of $97.70 million for the quarter, compared to analysts' expectations of $99.79 million. The company's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company posted $0.10 earnings per share. View Switch's Earnings History.

12 brokerages have issued twelve-month price targets for Switch's shares. Their forecasts range from $19.00 to $22.00. On average, they anticipate Switch's share price to reach $21.00 in the next year. View Analyst Ratings for Switch.

Switch saw a increase in short interest during the month of April. As of April 13th, there was short interest totalling 8,999,360 shares, an increase of 48.0% from the March 30th total of 6,080,067 shares. Based on an average trading volume of 1,890,319 shares, the short-interest ratio is presently 4.8 days. Approximately 28.2% of the company's shares are sold short.

Some companies that are related to Switch include 58.com (WUBA), Match Group (MTCH), Yandex (YNDX), LINE (LN), FactSet (FDS), TripAdvisor (TRIP), Sabre (SABR), The Stars Group (TSG), Interxion (INXN), Wix.com (WIX), GDS (GDS), The Trade Desk (TTD), Jianpu Technology (JT), Internet Initiative Japan (IIJI) and TrueCar (TRUE).

(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.

Switch's lock-up period expired on Wednesday, April 4th. Switch had issued 31,250,000 shares in its public offering on October 6th. The total size of the offering was $531,250,000 based on an initial share price of $17.00. Since the expiration of the company's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company have been lifted.

News articles about SWCH stock have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Switch earned a daily sentiment score of 0.04 on Accern's scale. They also assigned press coverage about the company an impact score of 45.47 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

Switch's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Wells Fargo & Company MN (1.74%), TSSP SUB-FUND HOLDCO LLC (6.30%), TSSP SUB-FUND HOLDCO LLC (6.30%), NORGES BANK (4.98%), Massachusetts Financial Services Co. MA (0.54%) and BlackRock Inc. (0.54%). View Institutional Ownership Trends for Switch.

SWCH stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Vista Equity Partners Management LLC, Tiverton Asset Management LLC, Massachusetts Financial Services Co. MA, Thornburg Investment Management Inc., Engineers Gate Manager LP, Glen Harbor Capital Management LLC and Neuburgh Advisers LLC. View Insider Buying and Selling for Switch.

SWCH stock was purchased by a variety of institutional investors in the last quarter, including Sylebra HK Co Ltd, Millennium Management LLC, Point72 Asset Management L.P., Wells Fargo & Company MN, Susquehanna Fundamental Investments LLC, Verition Fund Management LLC, New York State Common Retirement Fund and Russell Investments Group Ltd.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

One share of SWCH stock can currently be purchased for approximately $12.55.

Switch has a market capitalization of $3.19 billion and generates $378.27 million in revenue each year. Switch employs 723 workers across the globe.

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]