NYSE:SWCHSwitch Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Switch Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $14.86 -0.21 (-1.39 %) (As of 04/7/2020 04:00 PM ET) Add Compare Share Today's Range$14.79Now: $14.86▼$15.4950-Day Range$11.22MA: $14.46▼$17.6952-Week Range$10.19Now: $14.86▼$17.83Volume1.68 million shsAverage Volume1.81 million shsMarket Capitalization$3.59 billionP/E Ratio185.77Dividend Yield0.80%Beta0.42 ProfileAnalyst RatingsAdvanced ChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Switch, Inc., through its subsidiary, Switch, Ltd., provides colocation space and related services primarily to technology and digital media companies in the United States. It develops and operates data centers in Nevada and Michigan. The company also serves cloud and managed service providers, financial institutions, IT and software providers, government agencies, network and telecommunications providers, and others that conduct critical business on the Internet. Switch, Inc. was founded in 2000 and is headquartered in Las Vegas, Nevada.Read More Beat the Market (BTM) Rank™ 4.5 Analyst's Opinion Consensus RatingSwitch has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $18.67, Switch has a potential upside of 25.6% from its current price of $14.86.Amount of Analyst CoverageSwitch has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.4 Community Rank Outperform VotesSwitch has received 332 “outperform” votes. (Add your “outperform” vote.)Underperform VotesSwitch has received 352 “underperform” votes. (Add your “underperform” vote.)Community SentimentSwitch has received 51.46% “underperform” votes from our community.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. Previous Next 2.5 Dividend Strength Dividend LeadershipSwitch is a leading dividend payer. It pays a dividend yield of 0.80%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthSwitch has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Switch is 80.00 %. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Switch will have a dividend payout ratio of 48.00 % next year. This indicates that Switch will be able to sustain or increase its dividend. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Switch insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,336,430.00 in company stock.Percentage Held by InsidersOnly 28.39% of the stock of Switch is held by insiders.Percentage Held by InstitutionsOnly 24.30% of the stock of Switch is held by institutions. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Switch are expected to grow by 25.00% in the coming year, from $0.20 to $0.25 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Switch is 185.77, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 11.86.Price to Earnings Ratio vs. SectorThe P/E ratio of Switch is 185.77, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 17.88.Price to Book Value per Share RatioSwitch has a P/B Ratio of 5.69. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.5Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.13 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Computer programming, data processing, & other computer related Sub-IndustryN/A SectorBusiness Services Current SymbolNYSE:SWCH Previous Symbol CUSIPN/A CIK1710583 Webhttp://www.switch.com/ Phone702-444-4111Debt Debt-to-Equity Ratio1.32 Current Ratio0.52 Quick Ratio0.52Price-To-Earnings Trailing P/E Ratio185.77 Forward P/E Ratio74.30 P/E GrowthN/A Sales & Book Value Annual Sales$462.31 million Price / Sales7.76 Cash Flow$0.62 per share Price / Cash Flow23.81 Book Value$2.61 per share Price / Book5.69Profitability EPS (Most Recent Fiscal Year)$0.15 Net Income$8.92 million Net Margins1.75% Return on Equity3.26% Return on Assets1.38%Miscellaneous Employees731 Outstanding Shares241,287,000Market Cap$3.59 billion Next Earnings Date5/13/2020 (Estimated) OptionableOptionable Receive SWCH News and Ratings via Email Sign-up to receive the latest news and ratings for SWCH and its competitors with MarketBeat's FREE daily newsletter. SWCH Rates by TradingView Switch (NYSE:SWCH) Frequently Asked Questions How has Switch's stock been impacted by COVID-19 (Coronavirus)? Switch's stock was trading at $12.88 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SWCH shares have increased by 15.4% and is now trading at $14.86. View which stocks have been mosted impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Switch? 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Switch. When is Switch's next earnings date? Switch is scheduled to release its next quarterly earnings announcement on Wednesday, May 13th 2020. View our earnings forecast for Switch. How were Switch's earnings last quarter? Switch Inc (NYSE:SWCH) issued its earnings results on Thursday, February, 27th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by $0.01. The firm earned $120.50 million during the quarter, compared to the consensus estimate of $119.40 million. Switch had a net margin of 1.75% and a return on equity of 3.26%. The firm's revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 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, February 27th. Stockholders of record on Thursday, March 12th will be paid a dividend of $0.029 per share on Tuesday, March 24th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Wednesday, March 11th. View Switch's dividend history. What guidance has Switch issued on next quarter's earnings? Switch updated its FY 2020 After-Hours earnings guidance on Thursday, February, 27th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $507-521 million, compared to the consensus revenue estimate of $512.04 million. What price target have analysts set for SWCH? 7 equities research analysts have issued 12 month price objectives for Switch's shares. Their forecasts range from $17.00 to $21.00. On average, they anticipate Switch's share price to reach $18.67 in the next twelve months. This suggests a possible upside of 25.6% from the stock's current price. View analysts' price targets for Switch. Has Switch been receiving favorable news coverage? Media stories about SWCH stock have been trending very negative on Tuesday, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Switch earned a coverage optimism score of -3.3 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutSwitch. Are investors shorting Switch? Switch saw a increase in short interest in March. As of March 13th, there was short interest totaling 4,372,600 shares, an increase of 32.9% from the February 27th total of 3,290,000 shares. Based on an average daily volume of 1,240,000 shares, the days-to-cover ratio is currently 3.5 days. Approximately 18.9% of the shares of the stock are sold short. View Switch's Current Options Chain. Who are some of Switch's key competitors? Some companies that are related to Switch include Line (LN), Yandex (YNDX), FactSet Research Systems (FDS), Pinterest (PINS), Weibo (WB), 58.com (WUBA), Trade Desk (TTD), GDS (GDS), InterXion (INXN), Wix.Com (WIX), Stars Group (TSG), HUYA (HUYA), Livongo Health (LVGO), DouYu International (DOYU) and Medallia (MDLA). What other stocks do shareholders of Switch own? Based on aggregate information from My MarketBeat watchlists, some companies that other Switch investors own include Bank of Hawaii (BOH), Advanced Micro Devices (AMD), InterDigital Wireless (IDCC), Stag Industrial (STAG), NVIDIA (NVDA), Micron Technology (MU), Square (SQ), General Electric (GE), Alibaba Group (BABA) and Macy's (M). Who are Switch's key executives? Switch's management team includes the following people: Mr. Rob Roy, Founder, CEO & Chairman (Age 50)Mr. Erin Thomas Morton, Pres, Chief Legal Officer/Gen. Counsel & Sec. (Age 50)Mr. Gabriel Nacht, Chief Financial Officer (Age 58)Eddie Shutter, Chief Technology OfficerMs. Missy Young, Chief Information Officer When did Switch IPO? (SWCH) raised $470 million in an initial public offering (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 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." 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, Robinhood, Fidelity, and Charles Schwab. What is Switch's stock price today? One share of SWCH stock can currently be purchased for approximately $14.86. How big of a company is Switch? Switch has a market capitalization of $3.59 billion and generates $462.31 million in revenue each year. The company earns $8.92 million in net income (profit) each year or $0.15 on an earnings per share basis. Switch employs 731 workers across the globe. View additional information about Switch. What is Switch's official website? The official website for Switch is http://www.switch.com/. 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 4/7/2020 by MarketBeat.com StaffFeatured Article: What does EPS mean?
