Switch Stock Forecast, Price & News

Switch's stock was trading at $12.88 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SWCH shares have increased by 22.6% and is now trading at $15.79.
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9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 1 hold rating, 7 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Switch.

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Switch is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
View our earnings forecast for Switch.

Switch, Inc. (NYSE:SWCH) announced its quarterly earnings data on Thursday, November, 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.01. The company earned $128.79 million during the quarter, compared to analyst estimates of $129.14 million. Switch had a net margin of 2.03% and a return on equity of 2.72%. The business's revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.04 EPS.
View Switch's earnings history.

Switch declared a quarterly dividend on Thursday, November 5th. Stockholders of record on Tuesday, November 17th will be paid a dividend of $0.05 per share on Monday, November 30th. This represents a $0.20 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Monday, November 16th.
View Switch's dividend history.

Switch updated its FY 2020 After-Hours earnings guidance on Thursday, November, 5th. The company provided EPS guidance of for the period. The company issued revenue guidance of $510-518 million, compared to the consensus revenue estimate of $516.47 million.

9 analysts have issued 1 year price targets for Switch's shares. Their forecasts range from $17.00 to $24.00. On average, they anticipate Switch's stock price to reach $20.94 in the next twelve months. This suggests a possible upside of 32.6% from the stock's current price.
View analysts' price targets for Switch.

Some companies that are related to Switch include Wix.com (WIX), Livongo Health (LVGO), GDS (GDS), LINE (LN), Dada Nexus (DADA), FactSet Research Systems (FDS), Weibo (WB), OneConnect Financial Technology (OCFT), Chindata Group (CD), Medallia (MDLA), HUYA (HUYA), DouYu International (DOYU), Sabre (SABR), TripAdvisor (TRIP) and Rackspace Technology (RXT).
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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), Square (SQ), Alibaba Group (BABA), InterDigital (IDCC), STAG Industrial (STAG) and Teladoc Health (TDOC).

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

Switch's stock is owned by a number of retail and institutional investors. Top institutional investors include Neuberger Berman Group LLC (3.25%), BlackRock Inc. (2.07%), Wells Fargo & Company MN (1.87%), US Bancorp DE (1.67%), American Assets Capital Advisers LLC (1.04%) and Vaughan Nelson Investment Management L.P. (0.63%). Company insiders that own Switch stock include Donald D Snyder, Lp Borden, Melissa Young, Michael David Borden, Peter M Thomas, Rob Roy, Scott Russell Gragson, Teresa A Borden, Thomas A Thomas and William Gonsalves Balelo.
View institutional ownership trends for Switch.

SWCH stock was sold by a variety of institutional investors in the last quarter, including Sylebra Capital Ltd, ArrowMark Colorado Holdings LLC, First Trust Advisors LP, Pacer Advisors Inc., BNP Paribas Arbitrage SA, Cubist Systematic Strategies LLC, NN Investment Partners Holdings N.V., and Arrowstreet Capital Limited Partnership. Company insiders that have sold Switch company stock in the last year include Lp Borden, Melissa Young, Michael David Borden, Peter M Thomas, Rob Roy, Teresa A Borden, and Thomas A Thomas.
View insider buying and selling activity for Switch.

SWCH stock was bought by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, Wells Fargo & Company MN, Point72 Asset Management L.P., Adelante Capital Management LLC, American Assets Capital Advisers LLC, Vaughan Nelson Investment Management L.P., Manning & Napier Group LLC, and BlackRock Inc..
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

One share of SWCH stock can currently be purchased for approximately $15.79.

Switch has a market capitalization of $3.80 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 789 workers across the globe.

The official website for Switch is www.switch.com.

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]