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
SymbolNYSE:SWCH
CUSIPN/A
Phone702-444-4111
Debt
Debt-to-Equity Ratio0.80
Current Ratio3.37
Quick Ratio3.37
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E Ratio77.41
P/E Growth5.28
Sales & Book Value
Annual Sales$378.27 million
Price / Sales8.79
Cash Flow$0.3266 per share
Price / Cash40.29
Book Value$2.94 per share
Price / Book4.48
Profitability
EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A
Miscellaneous
Employees723
Outstanding Shares252,630,000
Market Cap$3,299.41
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 Tuesday, May 15th. Stockholders of record on Tuesday, May 29th will be given a dividend of $0.0147 per share on Friday, June 8th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Friday, May 25th. View Switch's Dividend History.
How were Switch's earnings last quarter?
Switch Inc (NYSE:SWCH) released its earnings results on Monday, May, 14th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.05 by $0.03. The company had revenue of $97.70 million for the quarter, compared to analyst estimates of $99.79 million. The firm's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.10 EPS. View Switch's Earnings History.
What price target have analysts set for SWCH?
13 brokers have issued 12 month target prices for Switch's stock. Their forecasts range from $17.00 to $22.00. On average, they anticipate Switch's stock price to reach $20.00 in the next year. This suggests a possible upside of 52.0% from the stock's current price. View Analyst Ratings for Switch.
What is the consensus analysts' recommendation for Switch?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 5 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
What are Wall Street analysts saying about Switch stock?
Here are some recent quotes from research analysts about Switch stock:
- 1. According to Zacks Investment Research, "Switch, Inc. is a technology infrastructure company. It designs, constructs and operates hyperscale data centers. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services and content ecosystems. Switch, Inc. is based in LAS VEGAS, United States. " (5/18/2018)
- 2. Credit Suisse Group AG analysts commented, "We project strong performance amid the company’s heavy ramp of planned data center campus expansions all projected to be complete by FY 2019, accelerating revenue growth to 21%, well ahead of data center peers. With customer churn levels of 1.1%, we expect solid business scale with little business disruption as new data center campuses begin monetizing space." (10/31/2017)
Who are some of Switch's key competitors?
Some companies that are related to Switch include Yandex (YNDX), Match Group (MTCH), Line (LN), 58.com (WUBA), Tripadvisor Inc Common Stock (TRIP), FactSet Research Systems (FDS), Stars Group (TSG), Sabre (SABR), Wix.Com (WIX), InterXion (INXN), GDS (GDS), Trade Desk (TTD), Pluralsight (PS), TrueCar (TRUE) and 21Vianet Group (VNET).
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. David Glover, Gen. Mang. of EAST Campus
When did Switch IPO?
(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.
Has Switch been receiving favorable news coverage?
News coverage about SWCH stock has been trending somewhat positive on Thursday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Switch earned a news impact score of 0.14 on Accern's scale. They also gave media coverage about the company an impact score of 45.24 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
Who are Switch's major shareholders?
Switch's stock is owned by many different of institutional and retail investors. Top institutional investors include NORGES BANK (4.98%) and Bank of Montreal Can (0.08%). Company insiders that own Switch stock include Erin Thomas Morton, Intel Capital Corp and Scott Russell Gragson. View Institutional Ownership Trends for Switch.
Which institutional investors are selling Switch stock?
SWCH stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can. Company insiders that have sold Switch company stock in the last year include Intel Capital Corp and Scott Russell Gragson. 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 $13.16.
How big of a company is Switch?
Switch has a market capitalization of $3.24 billion and generates $378.27 million in revenue each year. Switch employs 723 workers across the globe.
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.
