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
Current SymbolNYSE:SWCH
Previous Symbol
CUSIPN/A
Phone702-444-4111
Debt
Debt-to-Equity Ratio0.87
Current Ratio1.50
Quick Ratio1.50
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E Ratio105.50
P/E Growth6.98
Sales & Book Value
Annual Sales$378.27 million
Price / Sales5.64
Cash Flow$0.3134 per share
Price / Cash26.93
Book Value$2.94 per share
Price / Book2.87
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$-15,200,000.00
Net Margins-16.29%
Return on Equity-1.84%
Return on Assets-0.93%
Miscellaneous
Employees723
Outstanding Shares252,700,000
Market Cap$2.21 billion
OptionableOptionable
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 announced a quarterly dividend on Wednesday, November 14th. Shareholders of record on Monday, November 26th will be given a dividend of $0.0147 per share on Thursday, December 6th. This represents a $0.06 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Friday, November 23rd. View Switch's Dividend History.
How were Switch's earnings last quarter?
Switch Inc (NYSE:SWCH) announced its earnings results on Tuesday, November, 13th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by $0.01. The business had revenue of $102.80 million for the quarter, compared to analysts' expectations of $102.84 million. Switch had a negative return on equity of 1.84% and a negative net margin of 16.29%. The firm's quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 earnings per share. View Switch's Earnings History.
When is Switch's next earnings date?
What guidance has Switch issued on next quarter's earnings?
Switch updated its FY 2018 earnings guidance on Tuesday, November, 13th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $405-408 million, compared to the consensus revenue estimate of $406.86 million.
What price target have analysts set for SWCH?
12 analysts have issued 1-year price targets for Switch's stock. Their predictions range from $7.00 to $22.00. On average, they expect Switch's stock price to reach $13.8889 in the next twelve months. This suggests a possible upside of 64.6% from the stock's current price. View Analyst Price Targets for Switch.
What is the consensus analysts' recommendation for Switch?
12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 4 hold ratings, 7 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Switch.
Has Switch been receiving favorable news coverage?
Media coverage about SWCH stock has been trending somewhat negative this week, according to InfoTrie. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Switch earned a media sentiment score of -1.0 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the company's share price in the next few days.
Who are some of Switch's key competitors?
Some companies that are related to Switch include FactSet Research Systems (FDS), Tripadvisor (TRIP), Snap (SNAP), Sabre (SABR), Line (LN), Trade Desk (TTD), Stars Group (TSG), InterXion (INXN), Wix.Com (WIX), HUYA (HUYA), GDS (GDS), Pluralsight (PS), Eventbrite (EB), SVMK (SVMK) and Qutoutiao (QTT).
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 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 served as the underwriters for the IPO and Citigroup, Credit Suisse, Jefferies, BTIG, Raymond James, Stifel and WilliamBlair were co-managers.
Who are Switch's major shareholders?
Switch's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Sylebra HK Co Ltd (2.67%), American Assets Capital Advisers LLC (0.88%), Wells Fargo & Company MN (0.66%), Janus Henderson Group PLC (0.60%), US Bancorp DE (0.56%) and BlackRock Inc. (0.56%). Company insiders that own Switch stock include Erin Thomas Morton, Intel Capital Corp, Scott Russell Gragson, Thomas A Thomas and William Gonsalves Balelo. View Institutional Ownership Trends for Switch.
Which major investors are selling Switch stock?
SWCH stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, TCW Group Inc., Janus Henderson Group PLC, Bank of New York Mellon Corp, Massachusetts Financial Services Co. MA, JPMorgan Chase & Co., JPMorgan Chase & Co. and Falcon Point Capital LLC. Company insiders that have sold Switch company stock in the last year include Intel Capital Corp, Scott Russell Gragson and William Gonsalves Balelo. View Insider Buying and Selling for Switch.
Which major investors are buying Switch stock?
SWCH stock was purchased by a variety of institutional investors in the last quarter, including US Bancorp DE, Sylebra HK Co Ltd, American Assets Capital Advisers LLC, Credit Suisse AG, Beach Point Capital Management LP, Point72 Asset Management L.P., Zimmer Partners LP and Jane Street Group LLC. Company insiders that have bought Switch stock in the last two years include Erin Thomas Morton and Thomas A Thomas. 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 $8.44.
How big of a company is Switch?
Switch has a market capitalization of $2.21 billion and generates $378.27 million in revenue each year. Switch employs 723 workers across the globe.
What is Switch's official website?
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.
