NYSE:SWCH - Switch Stock Price, Price Target & More

$14.55 -0.11 (-0.75 %)
(As of 04/22/2018 04:00 PM ET)
Previous Close$14.55
Today's Range$14.49 - $14.84
52-Week Range$13.10 - $24.90
Volume308,707 shs
Average Volume1.22 million shs
Market Capitalization$3.67 billion
P/E RatioN/A
Dividend Yield0.20%
BetaN/A

About Switch (NYSE:SWCH)

Switch logoSwitch, 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, government agencies, and telecommunications providers that conduct critical business on the Internet. It develops and operates data centers in Nevada and Michigan. The company was founded in 2000 and is headquartered in Las Vegas, Nevada.

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Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio0.82%
Current Ratio4.41%
Quick Ratio4.41%

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E Ratio76.58
P/E Growth5.04

Sales & Book Value

Annual Sales$378.27 million
Price / Sales9.71
Cash Flow$0.3241 per share
Price / Cash44.89
Book Value$2.94 per share
Price / Book4.95

Profitability

EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A

Miscellaneous

Employees723
Outstanding Shares252,510,000

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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 declared a quarterly dividend on Tuesday, April 3rd. Shareholders of record on Friday, April 13th will be paid a dividend of $0.0147 per share on Monday, April 23rd. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Thursday, April 12th. View Switch's Dividend History.

How were Switch's earnings last quarter?

Switch (NYSE:SWCH) released its quarterly earnings data on Monday, April, 2nd. The company reported ($0.47) EPS for the quarter. The business had revenue of $99.33 million for the quarter, compared to analysts' expectations of $99.55 million. View Switch's Earnings History.

What price target have analysts set for SWCH?

12 brokerages have issued 12-month price targets for Switch's stock. Their predictions range from $20.00 to $22.00. On average, they expect Switch's share price to reach $21.60 in the next year. View Analyst Ratings for Switch.

What are Wall Street analysts saying about Switch stock?

Here are some recent quotes from research analysts about Switch stock:
  • 1. According to Zacks Investment Research, "Switch, Inc. is a technology infrastructure company. It designs, constructs and operates hyperscale data centers. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services and content ecosystems. Switch, Inc. is based in LAS VEGAS, United States. " (1/11/2018)
  • 2. Credit Suisse Group AG analysts commented, "We project strong performance amid the company’s heavy ramp of planned data center campus expansions all projected to be complete by FY 2019, accelerating revenue growth to 21%, well ahead of data center peers. With customer churn levels of 1.1%, we expect solid business scale with little business disruption as new data center campuses begin monetizing space." (10/31/2017)

Who are some of Switch's key competitors?

Who are Switch's key executives?

Switch's management team includes the folowing people:
  • Rob Roy, Chairman of the Board, Chief Executive Officer, Founder (Age 48)
  • Thomas Morton, President, General Counsel (Age 48)
  • Gabe Nacht, Chief Financial Officer (Age 56)
  • Donald D. Snyder, Lead Independent Director (Age 70)
  • Tom Thomas, Director (Age 59)
  • Zareh Hovik Sarrafian, Independent Director (Age 53)
  • Kimberly H. Sheehy, Independent Director (Age 51)
  • Bryan Wolf, Independent Director (Age 53)

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 $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.

When did Switch's lock-up period expire?

Switch's lock-up period expired on Wednesday, April 4th. Switch had issued 31,250,000 shares in its initial public offering on October 6th. The total size of the offering was $531,250,000 based on an initial share price of $17.00. Since the expiration of Switch's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company have been lifted.

Has Switch been receiving favorable news coverage?

Media coverage about SWCH stock has been trending somewhat positive on Sunday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Switch earned a coverage optimism score of 0.09 on Accern's scale. They also gave news coverage about the company an impact score of 44.71 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.

Who are Switch's major shareholders?

Switch's stock is owned by a variety of of retail and institutional investors. Top institutional investors include TSSP SUB-FUND HOLDCO LLC (6.30%), TSSP SUB-FUND HOLDCO LLC (6.30%), NORGES BANK (5.13%) and NORGES BANK (5.13%). View Institutional Ownership Trends 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 $14.55.

How big of a company is Switch?

Switch has a market capitalization of $3.67 billion and generates $378.27 million in revenue each year. Switch employs 723 workers across the globe.

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 (SWCH)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  73 (Vote Outperform)
Underperform Votes:  64 (Vote Underperform)
Total Votes:  137
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.

Analyst Ratings

Switch (NYSE:SWCH) Price Target and Consensus Rating

  (How are Consensus Ratings Calculated?)
12 Wall Street analysts have issued ratings and price targets for Switch in the last 12 months. Their average twelve-month price target is $21.60, suggesting that the stock has a possible upside of 48.45%. The high price target for SWCH is $22.00 and the low price target for SWCH is $20.00. There are currently 1 sell rating, 4 hold ratings and 7 buy ratings for the stock, resulting in a consensus rating of "Buy."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: BuyBuyHoldN/A
Consensus Rating Score: 2.502.502.36N/A
Ratings Breakdown: 1 Sell Rating(s)
4 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s)
1 Sell Rating(s)
4 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s)
1 Sell Rating(s)
5 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
0 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $21.60$22.20$22.20N/A
Price Target Upside: 48.45% upside45.67% upside30.43% upsideN/A

Switch (NYSE:SWCH) Consensus Price Target History

Price Target History for Switch (NYSE:SWCH)

Switch (NYSE:SWCH) Analyst Ratings History

Show:
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/17/2018Credit Suisse GroupSet Price TargetBuy$22.00LowView Rating Details
4/5/2018William BlairReiterated RatingOutperformLowView Rating Details
4/3/2018BMO Capital MarketsLower Price TargetOutperform -> Outperform$23.00 -> $20.00HighView Rating Details
3/12/2018Raymond JamesUpgradeMarket Perform -> OutperformHighView Rating Details
3/12/2018UBSUpgradeMarket Perform -> OutperformLowView Rating Details
1/19/2018CowenInitiated CoverageUnderweightLowView Rating Details
10/31/2017BTIG ResearchInitiated CoverageBuy -> Buy$22.00N/AView Rating Details
10/31/2017CitigroupInitiated CoverageNeutral -> Neutral$22.00N/AView Rating Details
10/31/2017Wells FargoInitiated CoverageMarket Perform -> Market PerformN/AView Rating Details
10/31/2017JPMorgan ChaseInitiated CoverageOverweight -> Overweight$22.00N/AView Rating Details
10/31/2017Jefferies GroupInitiated CoverageHold -> HoldN/AView Rating Details
10/31/2017Goldman SachsInitiated CoverageNeutral -> NeutralN/AView Rating Details
(Data available from 4/22/2016 forward)

Earnings

Switch (NYSE:SWCH) Earnings History and Estimates Chart

Earnings by Quarter for Switch (NYSE:SWCH)

Switch (NYSE:SWCH) Earnings Estimates

2018 EPS Consensus Estimate: $0.17
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20182$0.02$0.05$0.04
Q2 20182$0.03$0.05$0.04
Q3 20182$0.03$0.06$0.05
Q4 20182$0.04$0.06$0.05

Switch (NYSE SWCH) Earnings History by Quarter

DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/2/2018Q4 2017($0.47)$99.55 million$99.33 millionViewN/AView Earnings Details
11/13/2017Q3 2017$0.07$0.08$95.81 million$97.70 millionViewN/AView Earnings Details
(Earnings results data provided by Zacks Investment Research)

Dividends

Switch (NYSE:SWCH) Dividend Information

Switch pays an annual dividend of $0.03 per share, with a dividend yield of 0.21%. SWCH's next quarterly dividend payment will be made on Monday, April 23.
Next Dividend:4/23/2018
Annual Dividend:$0.03
Dividend Yield:0.21%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:15.79% (Based on This Year's Estimates)
11.11% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Switch (NYSE:SWCH)

Switch (NYSE:SWCH) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/3/2018quarterly$0.01470.44%4/12/20184/13/20184/23/2018
12/8/2017special$0.014012/15/201712/18/201712/29/2017
(Data available from 1/1/2013 forward)

Insider Trades

Switch (NYSE SWCH) Insider Trading and Institutional Ownership History

Institutional Ownership Percentage: 14.07%
Insider Trading History for Switch (NYSE:SWCH)
Institutional Ownership by Quarter for Switch (NYSE:SWCH)

Switch (NYSE SWCH) Insider Trading History

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
10/11/2017Erin Thomas MortonInsiderBuy300,000$17.00$5,100,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Switch (NYSE SWCH) News Headlines

Source:
DateHeadline
Turkey opposition OKs party switch in challenge to ErdoganTurkey opposition OKs party switch in challenge to Erdogan
abcnews.go.com - April 22 at 6:42 PM
Beyonce Switches Things Up — A Bit — for Coachella Weekend 2 (Photos)Beyonce Switches Things Up — A Bit — for Coachella Weekend 2 (Photos)
www.msn.com - April 22 at 6:42 PM
Cult classic ‘Night Trap’ is coming to Nintendo Switch this summerCult classic ‘Night Trap’ is coming to Nintendo Switch this summer
finance.yahoo.com - April 22 at 8:07 AM
Nintendo Switch accessories, discounts on God of War and a free weekend of PUBGNintendo Switch accessories, discounts on God of War and a free weekend of PUBG
www.msn.com - April 21 at 5:24 PM
Cult classic Night Trap comes to SwitchCult classic 'Night Trap' comes to Switch
www.msn.com - April 21 at 8:07 AM
ULA slows Vulcan debut for upper-stage engine switchULA slows Vulcan debut for upper-stage engine switch
www.bizjournals.com - April 20 at 5:33 PM
Spanish Report Claims Bayern Munichs On-Loan Superstar Is Set for Sensational Switch to BarcelonaSpanish Report Claims Bayern Munich's On-Loan Superstar Is Set for Sensational Switch to Barcelona
www.msn.com - April 19 at 8:03 AM
Global Automotive Power Window Switch Market 2018-2022 - ResearchAndMarkets.comGlobal Automotive Power Window Switch Market 2018-2022 - ResearchAndMarkets.com
www.businesswire.com - April 19 at 8:03 AM
Bengals switch it up with single regular season ticket sale starting when NFL schedule is announcedBengals switch it up with single regular season ticket sale starting when NFL schedule is announced
www.msn.com - April 19 at 8:03 AM
2 Nintendo Switch Emulators Are Live And Running Gameplay2 Nintendo Switch Emulators Are Live And Running Gameplay
www.forbes.com - April 19 at 8:03 AM
The best microSD cards for your phone, GoPro, or Nintendo SwitchThe best microSD cards for your phone, GoPro, or Nintendo Switch
www.businessinsider.com - April 18 at 5:56 PM
Trump NASA chief choice rescued in last-minute vote switchTrump NASA chief choice rescued in last-minute vote switch
abcnews.go.com - April 18 at 5:56 PM
After failure to launch, Republican senator switches vote to save Trumps NASA nomineeAfter failure to launch, Republican senator switches vote to save Trump's NASA nominee
www.msn.com - April 18 at 5:56 PM
Iran switches from dollar to euro for official reporting currencyIran switches from dollar to euro for official reporting currency
www.reuters.com - April 18 at 5:56 PM
Switch (SWCH) PT Set at $22.00 by Credit Suisse GroupSwitch (SWCH) PT Set at $22.00 by Credit Suisse Group
www.americanbankingnews.com - April 18 at 8:40 AM
UPDATE 1-Iran switches from dollar to euro for official reporting currencyUPDATE 1-Iran switches from dollar to euro for official reporting currency
www.reuters.com - April 18 at 8:04 AM
BoE expects big switch from Libor to start in earnestBoE expects big switch from Libor to start in earnest
www.reuters.com - April 18 at 8:04 AM
Sega Is Doing A Better Job With Classic Games On The Switch Than Nintendo IsSega Is Doing A Better Job With Classic Games On The Switch Than Nintendo Is
www.forbes.com - April 17 at 6:09 PM
‘Dark Souls: Remastered’ For Switch, Solaire Of Astora Amiibo Delayed‘Dark Souls: Remastered’ For Switch, Solaire Of Astora Amiibo Delayed
www.msn.com - April 17 at 6:09 PM
Focus Switches to Earnings as U.S. Futures Advance: Markets WrapFocus Switches to Earnings as U.S. Futures Advance: Markets Wrap
www.msn.com - April 17 at 8:09 AM
Report Claims Wolves Have Contacted Agent of On-Loan Besiktas Star Over £18m Molineux SwitchReport Claims Wolves Have Contacted Agent of On-Loan Besiktas Star Over £18m Molineux Switch
www.msn.com - April 17 at 8:09 AM
Russia Blocks Telegram, Forcing Kremlin to Switch ServiceRussia Blocks Telegram, Forcing Kremlin to Switch Service
www.bloomberg.com - April 16 at 5:39 PM
Pokémon Switch Rumors: Spanish Magazine Confirms Gen 8?Pokémon Switch Rumors: Spanish Magazine Confirms Gen 8?
www.msn.com - April 16 at 5:39 PM
Stocks - Wall Street Opens Higher as Investors Switch Focus to EarningsStocks - Wall Street Opens Higher as Investors Switch Focus to Earnings
finance.yahoo.com - April 16 at 5:39 PM
Sonic the Hedgehog and other Sega classics are coming to the Switch'Sonic the Hedgehog' and other Sega classics are coming to the Switch
www.msn.com - April 16 at 5:39 PM
The First Valkyria Chronicles And Valkyria Chronicles 4 Are Coming To The Switch This FallThe First 'Valkyria Chronicles' And 'Valkyria Chronicles 4' Are Coming To The Switch This Fall
www.forbes.com - April 16 at 8:04 AM
Switch flipped: Warriors rout Spurs in Game 1Switch flipped: Warriors rout Spurs in Game 1
www.msn.com - April 15 at 8:52 AM
‘Sega Ages on Switch’ Is Bad News for Virtual Console‘Sega Ages on Switch’ Is Bad News for Virtual Console
www.msn.com - April 14 at 5:25 PM
The Sega Ages Game Series Is Coming To The SwitchThe Sega Ages Game Series Is Coming To The Switch
www.forbes.com - April 14 at 8:07 AM
‘Catch-22’ Casting Shuffle: Kyle Chandler Takes Over as Cathcart, George Clooney Switches Roles‘Catch-22’ Casting Shuffle: Kyle Chandler Takes Over as Cathcart, George Clooney Switches Roles
www.msn.com - April 13 at 5:46 PM
Dennis ODonnell Goes Looking For The Warriors SwitchDennis O'Donnell Goes Looking For The Warriors Switch
www.msn.com - April 13 at 8:05 AM
Shinya Takahashi Of Nintendo Hints At New Hardware But What Will Happen To The Switch?Shinya Takahashi Of Nintendo Hints At New Hardware But What Will Happen To The Switch?
www.forbes.com - April 13 at 8:05 AM
RPT-COLUMN-OPEC switches operational target from inventories to investment: KempRPT-COLUMN-OPEC switches operational target from inventories to investment: Kemp
www.reuters.com - April 13 at 8:05 AM
Nintendo Teams Up With VC Fund to Find New Tech for SwitchNintendo Teams Up With VC Fund to Find New Tech for Switch
www.msn.com - April 13 at 8:05 AM
Japans Rengo Will Be the Cardboard Maker for Nintendos Switch Labo, Sources SayJapan's Rengo Will Be the Cardboard Maker for Nintendo's Switch Labo, Sources Say
www.bloomberg.com - April 13 at 8:05 AM
This bag is designed to switch between a backpack and a briefcase — and its extremely popular among business travelersThis bag is designed to switch between a backpack and a briefcase — and it's extremely popular among business travelers
www.businessinsider.com - April 12 at 5:55 PM
Nintendo wants startups to pitch new Switch conceptsNintendo wants startups to pitch new Switch concepts
www.msn.com - April 12 at 5:55 PM
Load Break Switch: Global Market Report (2018-2023) Projected to Grow at a CAGR of 6.16% to Reach $3.12 BillionLoad Break Switch: Global Market Report (2018-2023) Projected to Grow at a CAGR of 6.16% to Reach $3.12 Billion
www.prnewswire.com - April 12 at 5:36 PM
SINNER: Sacrifice for Redemption - Switch Announcement TrailerSINNER: Sacrifice for Redemption - Switch Announcement Trailer
www.msn.com - April 12 at 8:06 AM
Deals on Nintendo Switch games, Xbox DLC, a Breath of the Wild Nendoroid and moreDeals on Nintendo Switch games, Xbox DLC, a Breath of the Wild Nendoroid and more
www.msn.com - April 11 at 5:49 PM
Medicare vs. Medicare Advantage: Ill Health Often Leads to Plan SwitchMedicare vs. Medicare Advantage: Ill Health Often Leads to Plan Switch
finance.yahoo.com - April 11 at 5:49 PM
Game Release Dates In April 2018 For PS4, Xbox One, Switch, And PCGame Release Dates In April 2018 For PS4, Xbox One, Switch, And PC
www.msn.com - April 11 at 5:49 PM
Bethesda Has More Exciting News For Nintendo Switch OwnersBethesda Has More Exciting News For Nintendo Switch Owners
www.forbes.com - April 11 at 8:09 AM
Mega Man X Legacy Collection Will Be Released This Summer And Will Come To The Switch This Time'Mega Man X Legacy Collection' Will Be Released This Summer And Will Come To The Switch This Time
www.forbes.com - April 11 at 8:09 AM
Football Manager will be on Nintendo Switch very soon'Football Manager' will be on Nintendo Switch very soon
www.msn.com - April 11 at 8:09 AM
Mariah Carey switches 5 star hotels for HostelworldMariah Carey switches 5 star hotels for Hostelworld
www.reuters.com - April 11 at 8:09 AM
A Surprise Switch at the VW Top, and Lots of Work for a New CEOA Surprise Switch at the VW Top, and Lots of Work for a New CEO
www.bloomberg.com - April 10 at 5:42 PM
Mega Man X Legacy Collection 1 & 2 - Nintendo Switch Announcement TrailerMega Man X Legacy Collection 1 & 2 - Nintendo Switch Announcement Trailer
www.msn.com - April 10 at 5:42 PM
Lazio Star Responds to Transfer Links With €100m Old Trafford Switch RumouredLazio Star Responds to Transfer Links With €100m Old Trafford Switch Rumoured
www.msn.com - April 10 at 8:11 AM
Versa Networks to Exhibit and Present at MPLS + SDN + NFV World 2018Versa Networks to Exhibit and Present at MPLS + SDN + NFV World 2018
feeds.benzinga.com - April 10 at 7:33 AM

SEC Filings

Switch (NYSE:SWCH) SEC Filings

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Social Media

Financials

Switch (NYSE:SWCH) Income Statement, Balance Sheet and Cash Flow Statement

Chart

Switch (NYSE SWCH) Stock Chart for Sunday, April, 22, 2018

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This page was last updated on 4/22/2018 by MarketBeat.com Staff

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