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
Industry Computer programming, data processing, & other computer related
Sub-IndustryN/A
SectorBusiness Services
Phone702-444-4111
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$378.27 million
Profitability
Miscellaneous
Employees723
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 dividend yield of 0.67%. 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) issued its quarterly earnings results on Tuesday, November, 13th. The company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.03 by $0.01. The firm had revenue of $102.80 million for the quarter, compared to analysts' expectations of $102.84 million. Switch had a negative net margin of 16.29% and a negative return on equity of 1.84%. The business's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 EPS. View Switch's Earnings History.
When is Switch's next earnings date?
What price target have analysts set for SWCH?
13 Wall Street analysts have issued 12 month price objectives for Switch's shares. Their forecasts range from $10.00 to $22.00. On average, they expect Switch's share price to reach $14.00 in the next twelve months. This suggests a possible upside of 59.6% from the stock's current price. View Analyst Price Targets for Switch.
What is the consensus analysts' recommendation for Switch?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 5 hold ratings and 8 buy ratings 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 trended somewhat negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Switch earned a news impact score of -1.0 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely 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), Trade Desk (TTD), Sabre (SABR), Wix.Com (WIX), InterXion (INXN), Stars Group (TSG), Pluralsight (PS), HUYA (HUYA), Qutoutiao (QTT), GDS (GDS), Eventbrite (EB), SVMK (SVMK), Internet Initiative Japan (IIJI) and Jianpu Technology (JT).
Who are Switch's key executives?
Switch's management team includes the folowing people:
- Mr. Rob Roy, Founder, CEO & Chairman (Age 50)
- Mr. Erin Thomas Morton, Pres, Gen. Counsel & Sec. (Age 50)
- Mr. Gabriel Nacht, Chief Financial Officer (Age 58)
- Ms. Missy Young, Chief Information Officer
- Mr. Matthew Scott Heinz C.F.A., CFA, VP of Investor Relations and Financial Planning & Analysis
When did Switch IPO?
(SWCH) raised $470 million in an 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 acted 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 a number of of institutional and retail investors. Top institutional investors include Sylebra HK Co Ltd (3.23%), American Assets Capital Advisers LLC (1.20%), Millennium Management LLC (0.83%), BlackRock Inc. (0.59%), Massachusetts Financial Services Co. MA (0.48%) and Geode Capital Management LLC (0.15%). Company insiders that own Switch stock include Donald D Snyder, Erin Thomas Morton, Intel Capital Corp, Scott Russell Gragson, Thomas A Thomas and William Gonsalves Balelo. View Institutional Ownership Trends for Switch.
Which institutional investors are selling Switch stock?
SWCH stock was sold by a variety of institutional investors in the last quarter, including Falcon Point Capital LLC, Bank of Montreal Can, Bank of New York Mellon Corp, Principal Financial Group Inc., Jane Street Group LLC, Neuburgh Advisers LLC, Northern Trust Corp and Rhumbline Advisers. Company insiders that have sold Switch company stock in the last year include Donald D Snyder, Intel Capital Corp, Scott Russell Gragson and William Gonsalves Balelo. View Insider Buying and Selling for Switch.
Which institutional investors are buying Switch stock?
SWCH stock was acquired by a variety of institutional investors in the last quarter, including Sylebra HK Co Ltd, American Assets Capital Advisers LLC, Millennium Management LLC, Bank of Nova Scotia, Canada Pension Plan Investment Board, Barclays PLC, Massachusetts Financial Services Co. MA and Legal & General Group Plc. 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 $8.77.
How big of a company is Switch?
Switch has a market capitalization of $2.16 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.
