NYSE:SWCHSwitch Stock Price, Forecast & 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. Since then, SWCH shares have increased by 46.7% and is now trading at $18.90. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 1 hold rating, 6 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Switch.

Switch is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Switch.

Switch Inc (NYSE:SWCH) released its earnings results on Friday, May, 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.01. The firm earned $128.10 million during the quarter, compared to analysts' expectations of $123.52 million. Switch had a net margin of 1.27% and a return on equity of 3.16%. Switch's revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.03 EPS. View Switch's earnings history.

Switch announced a quarterly dividend on Monday, May 11th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.0294 per share on Tuesday, June 2nd. This represents a $0.12 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Thursday, May 21st. This is a positive change from Switch's previous quarterly dividend of $0.03. View Switch's dividend history.

Switch issued an update on its FY 2020 Pre-Market earnings guidance on Friday, May, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $507-521 million, compared to the consensus revenue estimate of $516.11 million.

8 analysts have issued 12-month price targets for Switch's shares. Their forecasts range from $17.00 to $23.00. On average, they expect Switch's share price to reach $20.64 in the next year. This suggests a possible upside of 9.2% from the stock's current price. View analysts' price targets for Switch.

News headlines about SWCH stock have been trending somewhat positive recently, InfoTrie reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Switch earned a coverage optimism score of 1.2 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news about Switch.

Switch saw a increase in short interest in June. As of June 15th, there was short interest totaling 5,870,000 shares, an increase of 7.3% from the May 31st total of 5,470,000 shares. Based on an average daily trading volume, of 2,110,000 shares, the days-to-cover ratio is presently 2.8 days. Approximately 7.8% of the shares of the company are sold short. View Switch's Current Options Chain.

Some companies that are related to Switch include Yandex (YNDX), Pinterest (PINS), Wix.Com (WIX), GDS (GDS), FactSet Research Systems (FDS), Line (LN), Livongo Health (LVGO), Weibo (WB), 58.com (WUBA), Legend Biotech (DADA), HUYA (HUYA), DouYu International (DOYU), Medallia (MDLA), 21Vianet Group (VNET) and SVMK (SVMK). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Switch investors own include Advanced Micro Devices (AMD), Bank of Hawaii (BOH), Micron Technology (MU), NVIDIA (NVDA), InterDigital Wireless (IDCC), Stag Industrial (STAG), Teladoc Health (TDOC), Alibaba Group (BABA), Square (SQ) and General Electric (GE).

(SWCH) raised $470 million in an IPO 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "SWCH."

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 $18.90.

Switch has a market capitalization of $4.57 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 731 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]