NYSE:SWCH - Switch Stock Price, Forecast & News

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

Switch announced a quarterly dividend on Thursday, November 7th. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.0294 per share on Friday, November 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Monday, November 18th. View Switch's Dividend History.

Switch Inc (NYSE:SWCH) posted its earnings results on Thursday, November, 7th. The company reported $0.04 EPS for the quarter, missing the Zacks' consensus estimate of $0.05 by $0.01. The firm earned $117.60 million during the quarter, compared to analysts' expectations of $113.22 million. Switch had a net margin of 1.48% and a return on equity of 3.35%. Switch's revenue for the quarter was up 14.4% on a year-over-year basis. View Switch's Earnings History.

Switch is scheduled to release their next quarterly earnings announcement on Tuesday, March 10th 2020. View Earnings Estimates for Switch.

Switch issued an update on its FY 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $$454-456 million, compared to the consensus revenue estimate of $$446.88 million.

2 Wall Street analysts have issued 12-month target prices for Switch's shares. Their forecasts range from $12.00 to $19.00. On average, they expect Switch's share price to reach $16.00 in the next twelve months. This suggests that the stock has a possible downside of 1.3%. View Analyst Price Targets for Switch.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Switch.

News headlines about SWCH stock have been trending positive recently, according to InfoTrie. The research firm rates the sentiment of media coverage by monitoring more than six thousand news and blog sources. 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 media sentiment score of 3.0 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near term. View News Stories for Switch.

Switch saw a decrease in short interest during the month of January. As of January 15th, there was short interest totalling 3,740,000 shares, a decrease of 40.5% from the December 31st total of 6,290,000 shares. Based on an average daily trading volume, of 852,300 shares, the days-to-cover ratio is currently 4.4 days. Currently, 6.2% of the company's stock are short sold. View Switch's Current Options Chain.

Some companies that are related to Switch include Yandex (YNDX), Trade Desk (TTD), Pinterest (PINS), Line (LN), FactSet Research Systems (FDS), Weibo (WB), 58.com (WUBA), Stars Group (TSG), InterXion (INXN), Wix.Com (WIX), Sabre (SABR), GDS (GDS), Tripadvisor (TRIP), HUYA (HUYA) and Medallia (MDLA).

Based on aggregate information from My MarketBeat watchlists, some companies that other Switch investors own include Bank of Hawaii (BOH), InterDigital Wireless (IDCC), Stag Industrial (STAG), Advanced Micro Devices (AMD), Micron Technology (MU), NVIDIA (NVDA), Macy's (M), Square (SQ), General Electric (GE) and Pattern Energy Group (PEGI).

(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 acted as the underwriters for the IPO and Citigroup, Credit Suisse, Jefferies, BTIG, Raymond James, Stifel and WilliamBlair were co-managers.

Switch's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Pacific Edge Advisors LLC (0.06%), California Public Employees Retirement System (0.06%), Falcon Point Capital LLC (0.03%), Janney Montgomery Scott LLC (0.02%), Strs Ohio (0.02%) and Alpine Global Management LLC (0.01%). Company insiders that own Switch stock include Donald D Snyder, Intel Capital Corp, Michael David Borden, Peter M Thomas, Scott Russell Gragson, 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 Falcon Point Capital LLC and California Public Employees Retirement System. Company insiders that have sold Switch company stock in the last year include Donald D Snyder, Michael David Borden, Peter M Thomas, Scott Russell Gragson, Thomas A Thomas and William Gonsalves Balelo. View Insider Buying and Selling for Switch.

SWCH stock was purchased by a variety of institutional investors in the last quarter, including Pacific Edge Advisors LLC, Janney Montgomery Scott LLC, Alpine Global Management LLC, Strs Ohio and Wiley BROS. Aintree Capital LLC. 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, Robinhood, Fidelity and Charles Schwab.

One share of SWCH stock can currently be purchased for approximately $16.21.

Switch has a market capitalization of $3.92 billion and generates $405.86 million in revenue each year. The company earns $4.05 million in net income (profit) each year or $0.09 on an earnings per share basis. Switch employs 731 workers across the globe.View Additional Information About Switch.

The official website for Switch is http://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]