Switch, Inc., through its subsidiary, Switch, Ltd., provides colocation space and related services to technology and digital media companies, cloud and managed service providers, financial institutions, government agencies, and telecommunications providers that conduct critical business on the Internet. It develops and operates data centers in Nevada and Michigan. The company was founded in 2000 and is headquartered in Las Vegas, Nevada.
Industry, Sector and Symbol
Industry Computer programming, data processing, & other computer related
Sub-IndustryN/A
SectorBusiness Services
SymbolNYSE:SWCH
CUSIPN/A
Phone702-444-4111
Debt
Debt-to-Equity Ratio0.82%
Current Ratio4.41%
Quick Ratio4.41%
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E Ratio77.16
P/E Growth5.09
Sales & Book Value
Annual Sales$378.27 million
Price / Sales9.79
Cash Flow$0.3235 per share
Price / Cash45.32
Book Value$2.94 per share
Price / Book4.99
Profitability
EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A
Miscellaneous
Employees723
Outstanding Shares252,510,000
Switch (NYSE:SWCH) Frequently Asked Questions
What is Switch's stock symbol?
Switch trades on the New York Stock Exchange (NYSE) under the ticker symbol "SWCH."
How often does Switch pay dividends? What is the dividend yield for Switch?
Switch declared a quarterly dividend on Tuesday, April 3rd. Stockholders of record on Friday, April 13th will be paid a dividend of $0.0147 per share on Monday, April 23rd. This represents a $0.06 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend is Thursday, April 12th. View Switch's Dividend History.
How were Switch's earnings last quarter?
Switch (NYSE:SWCH) issued its quarterly earnings results on Monday, April, 2nd. The company reported ($0.47) earnings per share for the quarter. The company had revenue of $99.33 million for the quarter, compared to analysts' expectations of $99.55 million. View Switch's Earnings History.
What price target have analysts set for SWCH?
12 analysts have issued 1-year target prices for Switch's stock. Their predictions range from $20.00 to $22.00. On average, they anticipate Switch's stock price to reach $21.60 in the next twelve months. View Analyst Ratings for Switch.
What are Wall Street analysts saying about Switch stock?
Here are some recent quotes from research analysts about Switch stock:
- 1. According to Zacks Investment Research, "Switch, Inc. is a technology infrastructure company. It designs, constructs and operates hyperscale data centers. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services and content ecosystems. Switch, Inc. is based in LAS VEGAS, United States. " (1/11/2018)
- 2. Credit Suisse Group AG analysts commented, "We project strong performance amid the company’s heavy ramp of planned data center campus expansions all projected to be complete by FY 2019, accelerating revenue growth to 21%, well ahead of data center peers. With customer churn levels of 1.1%, we expect solid business scale with little business disruption as new data center campuses begin monetizing space." (10/31/2017)
Who are some of Switch's key competitors?
Some companies that are related to Switch include Sabre (SABR), TripAdvisor (TRIP), Interxion (INXN), The Stars Group (TSG), Wix.com (WIX), GDS (GDS), The Trade Desk (TTD), TrueCar (TRUE), Jianpu Technology (JT), Internet Initiative Japan (IIJI), HealthStream (HSTM), 21Vianet Group (VNET), Model N (MODN), Cardlytics (CDLX), Internap (INAP), Rubicon Project (RUBI), Sify (SIFY) and Synacor (SYNC).
Who are Switch's key executives?
Switch's management team includes the folowing people:
- Rob Roy, Chairman of the Board, Chief Executive Officer, Founder (Age 48)
- Thomas Morton, President, General Counsel (Age 48)
- Gabe Nacht, Chief Financial Officer (Age 56)
- Donald D. Snyder, Lead Independent Director (Age 70)
- Tom Thomas, Director (Age 59)
- Zareh Hovik Sarrafian, Independent Director (Age 53)
- Kimberly H. Sheehy, Independent Director (Age 51)
- Bryan Wolf, Independent Director (Age 53)
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.
When did the company's lock-up period expire?
Switch's lock-up period expired on Wednesday, April 4th. Switch had issued 31,250,000 shares in its IPO 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.
Has Switch been receiving favorable news coverage?
Press coverage about SWCH stock has trended somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Switch earned a news sentiment score of 0.09 on Accern's scale. They also gave news coverage about the company an impact score of 44.49 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
Who are Switch's major shareholders?
Switch's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include TSSP SUB-FUND HOLDCO LLC (6.30%), TSSP SUB-FUND HOLDCO LLC (6.30%),
NORGES BANK
(5.13%) and
NORGES BANK
(5.13%). View Institutional Ownership Trends for Switch.
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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Switch's stock price today?
One share of SWCH stock can currently be purchased for approximately $14.66.
How big of a company is Switch?
Switch has a market capitalization of $3.71 billion and generates $378.27 million in revenue each year. Switch employs 723 workers across the globe.
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]
MarketBeat Community Rating for Switch (SWCH)
MarketBeat's community ratings are surveys of what our community members think about Switch and other stocks. Vote "Outperform" if you believe SWCH will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SWCH will underperform the S&P 500 over the long term. You may vote once every thirty days.
Switch (NYSE:SWCH) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
12 Wall Street analysts have issued ratings and price targets for Switch in the last 12 months. Their average twelve-month price target is $21.60, suggesting that the stock has a possible upside of 47.34%. The high price target for SWCH is $22.00 and the low price target for SWCH is $20.00. There are currently 1 sell rating, 4 hold ratings and 7 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Hold | N/A |
| Consensus Rating Score: | 2.50 | 2.50 | 2.36 | N/A |
| Ratings Breakdown: | 1 Sell Rating(s)
4 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
4 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
5 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $21.60 | $22.20 | $22.20 | N/A |
| Price Target Upside: | 47.34% upside | 45.67% upside | 30.43% upside | N/A |
Switch (NYSE:SWCH) Consensus Price Target History
Switch (NYSE:SWCH) Analyst Ratings History
Show:
(Data available from 4/19/2016 forward)
Switch (NYSE:SWCH) Earnings History and Estimates Chart
Switch (NYSE:SWCH) Earnings Estimates
2018 EPS Consensus Estimate: $0.17
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2018 | 2 | $0.02 | $0.05 | $0.04 |
| Q2 2018 | 2 | $0.03 | $0.05 | $0.04 |
| Q3 2018 | 2 | $0.03 | $0.06 | $0.05 |
| Q4 2018 | 2 | $0.04 | $0.06 | $0.05 |
Switch (NYSE SWCH) Earnings History by Quarter
| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 4/2/2018 | Q4 2017 | | ($0.47) | $99.55 million | $99.33 million | View | N/A |  |
| 11/13/2017 | Q3 2017 | $0.07 | $0.08 | $95.81 million | $97.70 million | View | N/A | |
(Earnings results data provided by Zacks Investment Research)
Switch (NYSE:SWCH) Dividend Information
Switch pays an annual dividend of $0.03 per share, with a dividend yield of 0.20%. SWCH's next quarterly dividend payment will be made on Monday, April 23.
| Next Dividend: | 4/23/2018 |
| Annual Dividend: | $0.03 |
| Dividend Yield: | 0.20% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 15.79% (Based on This Year's Estimates)
11.11% (Based on Next Year's Estimates)
|
Switch (NYSE:SWCH) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/3/2018 | quarterly | $0.0147 | 0.44% | 4/12/2018 | 4/13/2018 | 4/23/2018 |
| 12/8/2017 | special | $0.0140 | | 12/15/2017 | 12/18/2017 | 12/29/2017 |
(Data available from 1/1/2013 forward)
Switch (NYSE SWCH) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 14.07%
Switch (NYSE SWCH) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 10/11/2017 | Erin Thomas Morton | Insider | Buy | 300,000 | $17.00 | $5,100,000.00 | | |
(Data available from 1/1/2013 forward)
Switch (NYSE SWCH) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Spanish Report Claims Bayern Munich's On-Loan Superstar Is Set for Sensational Switch to Barcelona
www.msn.com - April 19 at 8:03 AM |
 | Global Automotive Power Window Switch Market 2018-2022 - ResearchAndMarkets.com
www.businesswire.com - April 19 at 8:03 AM |
| Bengals switch it up with single regular season ticket sale starting when NFL schedule is announced
www.msn.com - April 19 at 8:03 AM |
 | 2 Nintendo Switch Emulators Are Live And Running Gameplay
www.forbes.com - April 19 at 8:03 AM |
 | The best microSD cards for your phone, GoPro, or Nintendo Switch
www.businessinsider.com - April 18 at 5:56 PM |
 | Trump NASA chief choice rescued in last-minute vote switch
abcnews.go.com - April 18 at 5:56 PM |
| After failure to launch, Republican senator switches vote to save Trump's NASA nominee
www.msn.com - April 18 at 5:56 PM |
 | Iran switches from dollar to euro for official reporting currency
www.reuters.com - April 18 at 5:56 PM |
 | Switch (SWCH) PT Set at $22.00 by Credit Suisse Group
www.americanbankingnews.com - April 18 at 8:40 AM |
| UPDATE 1-Iran switches from dollar to euro for official reporting currency
www.reuters.com - April 18 at 8:04 AM |
| BoE expects big switch from Libor to start in earnest
www.reuters.com - April 18 at 8:04 AM |
| Sega Is Doing A Better Job With Classic Games On The Switch Than Nintendo Is
www.forbes.com - April 17 at 6:09 PM |
| ‘Dark Souls: Remastered’ For Switch, Solaire Of Astora Amiibo Delayed
www.msn.com - April 17 at 6:09 PM |
| Focus Switches to Earnings as U.S. Futures Advance: Markets Wrap
www.msn.com - April 17 at 8:09 AM |
| Report Claims Wolves Have Contacted Agent of On-Loan Besiktas Star Over £18m Molineux Switch
www.msn.com - April 17 at 8:09 AM |
 | Russia Blocks Telegram, Forcing Kremlin to Switch Service
www.bloomberg.com - April 16 at 5:39 PM |
| Pokémon Switch Rumors: Spanish Magazine Confirms Gen 8?
www.msn.com - April 16 at 5:39 PM |
 | Stocks - Wall Street Opens Higher as Investors Switch Focus to Earnings
finance.yahoo.com - April 16 at 5:39 PM |
| 'Sonic the Hedgehog' and other Sega classics are coming to the Switch
www.msn.com - April 16 at 5:39 PM |
| The First 'Valkyria Chronicles' And 'Valkyria Chronicles 4' Are Coming To The Switch This Fall
www.forbes.com - April 16 at 8:04 AM |
| Switch flipped: Warriors rout Spurs in Game 1
www.msn.com - April 15 at 8:52 AM |
| ‘Sega Ages on Switch’ Is Bad News for Virtual Console
www.msn.com - April 14 at 5:25 PM |
| The Sega Ages Game Series Is Coming To The Switch
www.forbes.com - April 14 at 8:07 AM |
| ‘Catch-22’ Casting Shuffle: Kyle Chandler Takes Over as Cathcart, George Clooney Switches Roles
www.msn.com - April 13 at 5:46 PM |
| Dennis O'Donnell Goes Looking For The Warriors Switch
www.msn.com - April 13 at 8:05 AM |
| Shinya Takahashi Of Nintendo Hints At New Hardware But What Will Happen To The Switch?
www.forbes.com - April 13 at 8:05 AM |
| RPT-COLUMN-OPEC switches operational target from inventories to investment: Kemp
www.reuters.com - April 13 at 8:05 AM |
| Nintendo Teams Up With VC Fund to Find New Tech for Switch
www.msn.com - April 13 at 8:05 AM |
| Japan's Rengo Will Be the Cardboard Maker for Nintendo's Switch Labo, Sources Say
www.bloomberg.com - April 13 at 8:05 AM |
| This bag is designed to switch between a backpack and a briefcase — and it's extremely popular among business travelers
www.businessinsider.com - April 12 at 5:55 PM |
| Nintendo wants startups to pitch new Switch concepts
www.msn.com - April 12 at 5:55 PM |
 | Load Break Switch: Global Market Report (2018-2023) Projected to Grow at a CAGR of 6.16% to Reach $3.12 Billion
www.prnewswire.com - April 12 at 5:36 PM |
| SINNER: Sacrifice for Redemption - Switch Announcement Trailer
www.msn.com - April 12 at 8:06 AM |
| Deals on Nintendo Switch games, Xbox DLC, a Breath of the Wild Nendoroid and more
www.msn.com - April 11 at 5:49 PM |
| Medicare vs. Medicare Advantage: Ill Health Often Leads to Plan Switch
finance.yahoo.com - April 11 at 5:49 PM |
| Game Release Dates In April 2018 For PS4, Xbox One, Switch, And PC
www.msn.com - April 11 at 5:49 PM |
| Bethesda Has More Exciting News For Nintendo Switch Owners
www.forbes.com - April 11 at 8:09 AM |
| 'Mega Man X Legacy Collection' Will Be Released This Summer And Will Come To The Switch This Time
www.forbes.com - April 11 at 8:09 AM |
| 'Football Manager' will be on Nintendo Switch very soon
www.msn.com - April 11 at 8:09 AM |
| Mariah Carey switches 5 star hotels for Hostelworld
www.reuters.com - April 11 at 8:09 AM |
| A Surprise Switch at the VW Top, and Lots of Work for a New CEO
www.bloomberg.com - April 10 at 5:42 PM |
| Mega Man X Legacy Collection 1 & 2 - Nintendo Switch Announcement Trailer
www.msn.com - April 10 at 5:42 PM |
| Lazio Star Responds to Transfer Links With €100m Old Trafford Switch Rumoured
www.msn.com - April 10 at 8:11 AM |
 | Versa Networks to Exhibit and Present at MPLS + SDN + NFV World 2018
feeds.benzinga.com - April 10 at 7:33 AM |
| Game Release Dates In April 2018 For PS4, Switch, Xbox One, And PC
www.msn.com - April 9 at 5:33 PM |
| Some Facebook employees are reportedly quitting or asking to switch departments over ethical concerns
www.businessinsider.com - April 9 at 5:33 PM |
| More Nintendo Switch Games On the Way, According to GameStop CEO
www.msn.com - April 9 at 5:33 PM |
| Finding The Off Switch: Four Reasons I Observe Shabbat
www.forbes.com - April 9 at 8:04 AM |
| Facing 'emergency', Japan switch coach two months before World Cup
www.msn.com - April 9 at 8:04 AM |
| Countryfile viewers threaten to 'switch off' over shocking footage of farm animals in 'cruel' conditions - including dying chicks and caged pigs
www.msn.com - April 9 at 8:04 AM |
Switch (NYSE:SWCH) SEC Filings
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Switch (NYSE:SWCH) Income Statement, Balance Sheet and Cash Flow Statement
Switch (NYSE SWCH) Stock Chart for Thursday, April, 19, 2018
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