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 stock has increased by 41.8% and is now trading at $18.27. 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) posted its quarterly earnings results on Friday, May, 8th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by $0.01. The business had revenue of $128.10 million for the quarter, compared to analyst estimates of $123.52 million. Switch had a return on equity of 3.16% and a net margin of 1.27%. The firm's revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.03 earnings per share. View Switch's earnings history.

Switch declared a quarterly dividend on Monday, May 11th. Investors 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 0.64%. The ex-dividend date is Thursday, May 21st. This is a boost 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 equities research analysts have issued 12-month target prices for Switch's shares. Their forecasts range from $17.00 to $23.00. On average, they anticipate Switch's stock price to reach $20.43 in the next year. This suggests a possible upside of 11.8% from the stock's current price. View analysts' price targets for Switch.

Headlines about SWCH stock have been trending negative on Monday, InfoTrie reports. The research firm identifies positive and negative media coverage by analyzing 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 media sentiment score of -2.1 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news about Switch.

Switch saw a increase in short interest during the month of 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 short-interest ratio is currently 2.8 days. Approximately 7.8% of the company's shares are short sold. View Switch's Current Options Chain.

Some companies that are related to Switch include Yandex (YNDX), Pinterest (PINS), Wix.Com (WIX), FactSet Research Systems (FDS), GDS (GDS), Line (LN), 58.com (WUBA), Weibo (WB), Livongo Health (LVGO), Legend Biotech (DADA), HUYA (HUYA), Medallia (MDLA), DouYu International (DOYU), SVMK (SVMK) and 21Vianet Group (VNET). 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 initial public offering 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 served 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 $18.27.

Switch has a market capitalization of $4.41 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]