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, and telecommunications providers that conduct critical business on the Internet. The company develops and operates data centers in Nevada, Michigan, and Georgia. Switch, Inc. was founded in 2000 and is headquartered in Las Vegas, Nevada.
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
Phone702-444-4111
Debt
Debt-to-Equity Ratio0.87
Current Ratio1.50
Quick Ratio1.50
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E Ratio81.25
P/E Growth6.17
Sales & Book Value
Annual Sales$378.27 million
Price / Sales4.24
Cash Flow$0.3036 per share
Price / Cash Flow21.41
Book Value$2.94 per share
Price / Book2.21
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$-15,200,000.00
Net Margins-16.29%
Return on Equity-1.84%
Return on Assets-0.93%
Miscellaneous
Employees723
Outstanding Shares246,640,000
Market Cap$1.71 billion
OptionableOptionable
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 Wednesday, November 14th. Stockholders of record on Monday, November 26th will be given a dividend of $0.0147 per share on Thursday, December 6th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Friday, November 23rd. View Switch's Dividend History.
How were Switch's earnings last quarter?
Switch Inc (NYSE:SWCH) issued its earnings results on Tuesday, November, 13th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.03 by $0.01. The business earned $102.80 million during the quarter, compared to the consensus estimate of $102.84 million. Switch had a negative return on equity of 1.84% and a negative net margin of 16.29%. The firm's revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.08 earnings per share. View Switch's Earnings History.
When is Switch's next earnings date?
What guidance has Switch issued on next quarter's earnings?
Switch issued an update on its FY 2018 earnings guidance on Tuesday, November, 13th. The company provided EPS guidance of for the period. The company issued revenue guidance of $405-408 million, compared to the consensus revenue estimate of $406.86 million.
What price target have analysts set for SWCH?
12 equities research analysts have issued twelve-month price objectives for Switch's shares. Their forecasts range from $10.00 to $22.00. On average, they expect Switch's share price to reach $14.3333 in the next twelve months. This suggests a possible upside of 120.9% from the stock's current price. View Analyst Price Targets for Switch.
What is the consensus analysts' recommendation for Switch?
12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 5 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Switch.
Has Switch been receiving favorable news coverage?
Press coverage about SWCH stock has trended somewhat positive on Tuesday, InfoTrie reports. The research group identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Switch earned a coverage optimism score of 2.0 on InfoTrie's scale. They also gave news stories about the company a news buzz of 8.0 out of 10, indicating that recent news coverage is very likely to have an effect on the stock's share price in the near term.
Who are some of Switch's key competitors?
Some companies that are related to Switch include Sabre (SABR), Trade Desk (TTD), Stars Group (TSG), InterXion (INXN), Wix.Com (WIX), HUYA (HUYA), Pluralsight (PS), GDS (GDS), Eventbrite (EB), SVMK (SVMK), Qutoutiao (QTT), Internet Initiative Japan (IIJI), 21Vianet Group (VNET), TrueCar (TRUE) and HealthStream (HSTM).
Who are Switch's key executives?
Switch's management team includes the folowing people:
- Mr. Rob Roy, Founder, CEO & Chairman (Age 49)
- Mr. Erin Thomas Morton, Pres, Gen. Counsel & Sec. (Age 49)
- Mr. Gabriel Nacht, Chief Financial Officer (Age 57)
- Ms. Missy Young, Chief Information Officer
- Mr. Matthew Scott Heinz C.F.A., CFA, VP of Investor Relations and Financial Planning & Analysis
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.
Who are Switch's major shareholders?
Switch's stock is owned by many different of retail and institutional investors. Top institutional investors include Sylebra HK Co Ltd (2.67%), Vanguard Group Inc. (1.37%), Vanguard Group Inc (1.41%), American Assets Capital Advisers LLC (0.88%), Wells Fargo & Company MN (0.66%) and Janus Henderson Group PLC (0.60%). Company insiders that own Switch stock include Donald D Snyder, Erin Thomas Morton, Intel Capital Corp, Scott Russell Gragson, Thomas A Thomas and William Gonsalves Balelo. View Institutional Ownership Trends for Switch.
Which major investors are selling Switch stock?
SWCH stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, TCW Group Inc., Janus Henderson Group PLC, Bank of New York Mellon Corp, Massachusetts Financial Services Co. MA, JPMorgan Chase & Co., Falcon Point Capital LLC and Buckley Wealth Management LLC. Company insiders that have sold Switch company stock in the last year include Donald D Snyder, Intel Capital Corp, Scott Russell Gragson and William Gonsalves Balelo. View Insider Buying and Selling for Switch.
Which major investors are buying Switch stock?
SWCH stock was acquired by a variety of institutional investors in the last quarter, including US Bancorp DE, Sylebra HK Co Ltd, American Assets Capital Advisers LLC, Credit Suisse AG, Beach Point Capital Management LP, Morgan Stanley, Point72 Asset Management L.P. and Vanguard Group Inc. Company insiders that have bought Switch stock in the last two years include Erin Thomas Morton and Thomas A Thomas. View Insider Buying and Selling 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 $6.49.
How big of a company is Switch?
Switch has a market capitalization of $1.71 billion and generates $378.27 million in revenue each year. Switch employs 723 workers across the globe.
What is Switch's official website?
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 (NYSE 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.
