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NYSE:SWCHSwitch Stock Price, Forecast & News

$14.56
-0.12 (-0.82 %)
(As of 04/3/2020 04:00 PM ET)
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Today's Range
$14.45
Now: $14.56
$14.94
50-Day Range
$11.22
MA: $14.67
$17.69
52-Week Range
$10.19
Now: $14.56
$17.83
Volume5.42 million shs
Average Volume2.25 million shs
Market Capitalization$3.51 billion
P/E Ratio182.02
Dividend Yield0.80%
Beta0.42
Switch, Inc., through its subsidiary, Switch, Ltd., provides colocation space and related services primarily to technology and digital media companies in the United States. It develops and operates data centers in Nevada and Michigan. The company also serves cloud and managed service providers, financial institutions, IT and software providers, government agencies, network and telecommunications providers, and others that conduct critical business on the Internet. Switch, Inc. was founded in 2000 and is headquartered in Las Vegas, Nevada.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.5Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.13 out of 5 stars


Industry, Sector and Symbol

Industry Computer programming, data processing, & other computer related
Sub-IndustryN/A
SectorBusiness Services
CUSIPN/A
Phone702-444-4111

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$462.31 million
Cash Flow$0.61 per share
Book Value$2.61 per share

Profitability

Net Income$8.92 million

Miscellaneous

Employees731
Market Cap$3.51 billion
Next Earnings Date5/13/2020 (Estimated)
OptionableOptionable

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Switch (NYSE:SWCH) Frequently Asked Questions

How has Switch's stock been impacted by COVID-19 (Coronavirus)?

Switch's stock was trading at $12.88 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SWCH shares have increased by 13.0% and is now trading at $14.56. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Switch?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Switch.

When is Switch's next earnings date?

Switch is scheduled to release its next quarterly earnings announcement on Wednesday, May 13th 2020. View our earnings forecast for Switch.

How were Switch's earnings last quarter?

Switch Inc (NYSE:SWCH) announced its earnings results on Thursday, February, 27th. The company reported $0.04 EPS for the quarter, missing the Zacks' consensus estimate of $0.05 by $0.01. The company earned $120.50 million during the quarter, compared to analysts' expectations of $119.40 million. Switch had a return on equity of 3.26% and a net margin of 1.75%. Switch's revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.05 earnings per share. View Switch's earnings history.

How often does Switch pay dividends? What is the dividend yield for Switch?

Switch declared a quarterly dividend on Thursday, February 27th. Stockholders of record on Thursday, March 12th will be given a dividend of $0.029 per share on Tuesday, March 24th. This represents a $0.12 annualized dividend and a yield of 0.80%. The ex-dividend date is Wednesday, March 11th. View Switch's dividend history.

What guidance has Switch issued on next quarter's earnings?

Switch updated its FY 2020 After-Hours earnings guidance on Thursday, February, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $507-521 million, compared to the consensus revenue estimate of $512.04 million.

What price target have analysts set for SWCH?

7 equities research analysts have issued 1 year target prices for Switch's stock. Their forecasts range from $17.00 to $21.00. On average, they anticipate Switch's stock price to reach $18.67 in the next year. This suggests a possible upside of 28.2% from the stock's current price. View analysts' price targets for Switch.

Has Switch been receiving favorable news coverage?

News articles about SWCH stock have trended very negative on Saturday, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Switch earned a news sentiment score of -3.3 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutSwitch.

Are investors shorting Switch?

Switch saw a increase in short interest in March. As of March 13th, there was short interest totaling 4,372,600 shares, an increase of 32.9% from the February 27th total of 3,290,000 shares. Based on an average daily trading volume, of 1,240,000 shares, the short-interest ratio is currently 3.5 days. Approximately 18.9% of the company's shares are sold short. View Switch's Current Options Chain.

Who are some of Switch's key competitors?

What other stocks do shareholders of Switch own?

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

Who are Switch's key executives?

Switch's management team includes the following people:
  • Mr. Rob Roy, Founder, CEO & Chairman (Age 50)
  • Mr. Erin Thomas Morton, Pres, Chief Legal Officer/Gen. Counsel & Sec. (Age 50)
  • Mr. Gabriel Nacht, Chief Financial Officer (Age 58)
  • Eddie Shutter, Chief Technology Officer
  • Ms. Missy Young, Chief Information Officer

When did Switch IPO?

(SWCH) raised $470 million in an initial public offering (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.

What is Switch's stock symbol?

Switch trades on the New York Stock Exchange (NYSE) under the ticker symbol "SWCH."

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, Robinhood, Fidelity, and Charles Schwab.

What is Switch's stock price today?

One share of SWCH stock can currently be purchased for approximately $14.56.

How big of a company is Switch?

Switch has a market capitalization of $3.51 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. View additional information about Switch.

What is Switch's official website?

The official website for Switch is http://www.switch.com/.

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]

This page was last updated on 4/4/2020 by MarketBeat.com Staff

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