Switch - SWCH Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Switch in the last twelve months. There are currently 11 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SWCH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SWCH, but not buy additional shares or sell existing shares.
View SWCH analyst ratings or view top-rated stocks.

13 brokers have issued 1-year price targets for Switch's stock. Their SWCH share price forecasts range from $29.00 to $35.00. On average, they expect the company's stock price to reach $31.91 in the next year. This suggests that the stock has a possible downside of 5.7%.
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Switch's stock was trading at $28.64 at the start of the year. Since then, SWCH stock has increased by 18.1% and is now trading at $33.83.
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Switch saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 9,460,000 shares, an increase of 23.8% from the August 15th total of 7,640,000 shares. Based on an average daily volume of 2,090,000 shares, the days-to-cover ratio is presently 4.5 days.
View Switch's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our SWCH earnings forecast.

Switch, Inc. (NYSE:SWCH) announced its earnings results on Monday, August, 8th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.06 by $0.04. The company earned $168.19 million during the quarter, compared to analysts' expectations of $166.04 million. Switch had a net margin of 58.11% and a trailing twelve-month return on equity of 2.06%.

Switch declared a quarterly dividend on Tuesday, August 9th. Investors of record on Monday, August 22nd will be paid a dividend of $0.0525 per share on Thursday, September 1st. This represents a $0.21 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Friday, August 19th.
Read our dividend analysis for SWCH.

Switch (NYSE:SWCH) pays an annual dividend of $0.21 per share and currently has a dividend yield of 0.62%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, SWCH will have a dividend payout ratio of 87.50% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SWCH.

82 employees have rated Switch Chief Executive Officer Rob Roy on Glassdoor.com. Rob Roy has an approval rating of 78% among the company's employees.

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), Block (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 institutional and retail investors. Top institutional investors include Pentwater Capital Management LP (2.67%), Versor Investments LP (1.24%), Alpine Associates Management Inc. (1.11%), US Bancorp DE (1.02%), State Street Corp (0.82%) and Westchester Capital Management LLC (0.81%). Insiders that own company stock include Erin Thomas Morton, Lp Borden, Melissa Young, Michael David Borden, Peter M Thomas, Rob Roy, Stella Roy, Teresa A Borden, Thomas A Thomas, Thomas A Thomas and William Gonsalves Balelo.
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Shares of SWCH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SWCH stock can currently be purchased for approximately $33.83.

Switch (NYSE:SWCH) has a market capitalization of $8.28 billion and generates $592.04 million in revenue each year. The company earns $5.41 million in net income (profit) each year or $1.52 on an earnings per share basis.

The company employs 829 workers across the globe.

Switch's mailing address is 7135 S. Decatur Boulevard, Las Vegas NV, 89118. The official website for the company is www.switch.com. The company can be reached via phone at (702) 444-4111 or via email at investorrelations@switch.com.