Switch - SWCH Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 11 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Switch stock. 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 analyst ratings for Switch or view top-rated stocks.

13 brokerages have issued 1 year price targets for Switch's stock. Their SWCH stock forecasts range from $28.00 to $35.00. On average, they anticipate Switch's stock price to reach $31.47 in the next twelve months. This suggests that the stock has a possible downside of 7.3%.
View analysts' price targets for Switch or view top-rated stocks among Wall Street analysts.

Switch's stock was trading at $28.64 at the beginning of 2022. Since then, SWCH stock has increased by 18.5% and is now trading at $33.95.
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Switch saw a drop in short interest during the month of July. As of July 15th, there was short interest totaling 6,610,000 shares, a drop of 21.6% from the June 30th total of 8,430,000 shares. Based on an average daily volume of 3,610,000 shares, the short-interest ratio is currently 1.8 days.
View Switch's Short Interest.

Switch is scheduled to release its next quarterly earnings announcement on Monday, August 8th 2022.
View our earnings forecast for Switch.

Switch, Inc. (NYSE:SWCH) announced its quarterly earnings results on Tuesday, May, 10th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.01. The firm had revenue of $164.60 million for the quarter, compared to analysts' expectations of $163.82 million. Switch had a trailing twelve-month return on equity of 2.81% and a net margin of 1.05%. The business's revenue was up 25.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 earnings per share.

Switch announced a quarterly dividend on Thursday, May 12th. Stockholders of record on Tuesday, May 24th will be paid a dividend of $0.0525 per share on Monday, June 6th. This represents a $0.21 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Monday, May 23rd. This is a boost from Switch's previous quarterly dividend of $0.05.
View Switch's dividend history.

Switch(NYSE:SWCH) pays an annual dividend of $0.21 per share and currently has a dividend yield of 0.62%. Switch 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 of Switch is 525.13%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Switch will have a dividend payout ratio of 84.00% in the coming year. This indicates that Switch may not be able to sustain their current dividend.
View Switch's dividend history.

Switch updated its FY 2022 earnings guidance on Tuesday, June, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $660.00 million-$674.00 million, compared to the consensus revenue estimate of $670.65 million.

82 employees have rated Switch CEO Rob Roy on Glassdoor.com. Rob Roy has an approval rating of 78% among Switch'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 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "SWCH."

Switch's stock is owned by many different institutional and retail investors. Top institutional investors include Versor Investments LP (1.24%), US Bancorp DE (1.02%), American Assets Capital Advisers LLC (0.50%), Copeland Capital Management LLC (0.47%), Frontier Capital Management Co. LLC (0.32%) and Green Alpha Advisors LLC (0.21%). Company insiders that own Switch 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.
View institutional ownership trends for Switch.

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 $33.95.

Switch (NYSE:SWCH) has a market capitalization of $8.30 billion and generates $592.04 million in revenue each year. The company earns $5.41 million in net income (profit) each year or $0.04 on an earnings per share basis.

Switch employs 829 workers across the globe.

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