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NYSE:SWCH

Switch Stock Forecast, Price & News

$15.79
+0.27 (+1.74 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$15.57
Now: $15.79
$15.89
50-Day Range
$14.06
MA: $15.37
$16.37
52-Week Range
$10.30
Now: $15.79
$19.99
Volume441,265 shs
Average Volume1.66 million shs
Market Capitalization$3.80 billion
P/E Ratio157.92
Dividend Yield1.29%
Beta0.62
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: 3.5Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.58 out of 5 stars


Industry, Sector and Symbol

Industry Computer programming, data processing, & other computer related
Sub-IndustryN/A
CUSIPN/A
Phone702-444-4111
Employees789

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$462.31 million
Cash Flow$0.62 per share
Book Value$2.61 per share

Profitability

Net Income$8.92 million

Miscellaneous

Market Cap$3.80 billion
Next Earnings Date2/25/2021 (Estimated)
OptionableOptionable
$15.79
+0.27 (+1.74 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Switch (NYSE:SWCH) Frequently Asked Questions

How has Switch's stock price been impacted by COVID-19?

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 22.6% and is now trading at $15.79.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Switch?

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

What stocks does MarketBeat like better than Switch?

Wall Street analysts have given Switch a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Switch wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Switch's next earnings date?

Switch is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
View our earnings forecast for Switch
.

How were Switch's earnings last quarter?

Switch, Inc. (NYSE:SWCH) announced its quarterly earnings data on Thursday, November, 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.01. The company earned $128.79 million during the quarter, compared to analyst estimates of $129.14 million. Switch had a net margin of 2.03% and a return on equity of 2.72%. The business's revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.04 EPS.
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, November 5th. Stockholders of record on Tuesday, November 17th will be paid a dividend of $0.05 per share on Monday, November 30th. This represents a $0.20 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Monday, November 16th.
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, November, 5th. The company provided EPS guidance of for the period. The company issued revenue guidance of $510-518 million, compared to the consensus revenue estimate of $516.47 million.

What price target have analysts set for SWCH?

9 analysts have issued 1 year price targets for Switch's shares. Their forecasts range from $17.00 to $24.00. On average, they anticipate Switch's stock price to reach $20.94 in the next twelve months. This suggests a possible upside of 32.6% from the stock's current price.
View analysts' price targets for Switch
.

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 Advanced Micro Devices (AMD), Micron Technology (MU), Bank of Hawaii (BOH), NVIDIA (NVDA), Gilead Sciences (GILD), Square (SQ), Alibaba Group (BABA), InterDigital (IDCC), STAG Industrial (STAG) and Teladoc Health (TDOC).

Who are Switch's key executives?

Switch's management team includes the following people:
  • Mr. Rob Roy, Founder, Chairman & CEO (Age 51, Pay $2.71M)
  • Mr. Erin Thomas Morton, Pres, Gen. Counsel & Sec. (Age 51, Pay $2.02M)
  • Mr. Gabriel Nacht, Chief Financial Officer (Age 59, Pay $811.89k)
  • Ms. Lesley McVay, Chief Operations Officer
  • Ms. Jennifer Arias, VP of Accounting & Controller
  • Mr. Eddie Schutter, Chief Technology Officer
  • Ms. Melissa Young, Chief Information Officer (Age 48)
  • Mr. Matthew Scott Heinz C.F.A., CFA, VP of Investor Relations and Financial Planning & Analysis
  • Mr. Rob Elliott, Sr. VP of Gov. & Public Affairs
  • Ms. Heather Ellerbe, VP of Marketing

When did Switch IPO?

(SWCH) raised $470 million in an 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."

Who are Switch's major shareholders?

Switch's stock is owned by a number of retail and institutional investors. Top institutional investors include Neuberger Berman Group LLC (3.25%), BlackRock Inc. (2.07%), Wells Fargo & Company MN (1.87%), US Bancorp DE (1.67%), American Assets Capital Advisers LLC (1.04%) and Vaughan Nelson Investment Management L.P. (0.63%). Company insiders that own Switch stock include Donald D Snyder, Lp Borden, Melissa Young, Michael David Borden, Peter M Thomas, Rob Roy, Scott Russell Gragson, Teresa A Borden, 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 Sylebra Capital Ltd, ArrowMark Colorado Holdings LLC, First Trust Advisors LP, Pacer Advisors Inc., BNP Paribas Arbitrage SA, Cubist Systematic Strategies LLC, NN Investment Partners Holdings N.V., and Arrowstreet Capital Limited Partnership. Company insiders that have sold Switch company stock in the last year include Lp Borden, Melissa Young, Michael David Borden, Peter M Thomas, Rob Roy, Teresa A Borden, and Thomas A Thomas.
View insider buying and selling activity for Switch
.

Which major investors are buying Switch stock?

SWCH stock was bought by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, Wells Fargo & Company MN, Point72 Asset Management L.P., Adelante Capital Management LLC, American Assets Capital Advisers LLC, Vaughan Nelson Investment Management L.P., Manning & Napier Group LLC, and BlackRock Inc..
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Switch's stock price today?

One share of SWCH stock can currently be purchased for approximately $15.79.

How big of a company is Switch?

Switch has a market capitalization of $3.80 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 789 workers across the globe.

What is Switch's official website?

The official website for Switch is 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 11/28/2020 by MarketBeat.com Staff

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