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NYSE:SWCHSwitch Stock Price, Forecast & News

$19.02
+0.73 (+3.99 %)
(As of 05/25/2020 04:00 PM ET)
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Today's Range
$18.22
Now: $19.02
$19.22
50-Day Range
$14.09
MA: $16.94
$18.71
52-Week Range
$10.30
Now: $19.02
$19.22
Volume2.61 million shs
Average Volume1.85 million shs
Market Capitalization$4.60 billion
P/E Ratio317.05
Dividend Yield0.63%
Beta0.63
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: 2.5Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.61 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$4.60 billion
Next Earnings Date8/5/2020 (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. Since then, SWCH shares have increased by 47.7% and is now trading at $19.02. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Switch?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 1 hold rating, 6 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, August 5th 2020. View our earnings forecast for Switch.

How were Switch's earnings last quarter?

Switch Inc (NYSE:SWCH) issued its quarterly earnings data on Friday, May, 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.05 by $0.01. The business had revenue of $128.10 million for the quarter, compared to analysts' expectations of $123.52 million. Switch had a net margin of 1.27% and a return on equity of 3.16%. The company's revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter last year, the company posted $0.03 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 Monday, May 11th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.0294 per share on Tuesday, June 2nd. This represents a $0.12 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, May 21st. This is a positive change from Switch's previous quarterly dividend of $0.03. View Switch's dividend history.

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

Switch updated its FY 2020 Pre-Market earnings guidance on Friday, May, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $507-521 million, compared to the consensus revenue estimate of $516.11 million.

What price target have analysts set for SWCH?

8 equities research analysts have issued 12-month price targets for Switch's stock. Their forecasts range from $17.00 to $23.00. On average, they expect Switch's stock price to reach $20.43 in the next year. This suggests a possible upside of 7.4% from the stock's current price. View analysts' price targets for Switch.

Has Switch been receiving favorable news coverage?

Press coverage about SWCH stock has been trending very positive on Monday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Switch earned a media sentiment score of 4.0 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near future. View the latest news aboutSwitch.

Are investors shorting Switch?

Switch saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 5,970,000 shares, a drop of 27.6% from the April 30th total of 8,250,000 shares. Based on an average daily volume of 2,060,000 shares, the days-to-cover ratio is presently 2.9 days. Currently, 8.0% of the shares of the company 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 Advanced Micro Devices (AMD), Bank of Hawaii (BOH), Micron Technology (MU), NVIDIA (NVDA), InterDigital Wireless (IDCC), Stag Industrial (STAG), Teladoc Health (TDOC), Alibaba Group (BABA), Square (SQ) and General Electric (GE).

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 served 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 variety of retail and institutional investors. Top institutional investors include Sylebra Capital Ltd (3.80%), US Bancorp DE (1.74%), ArrowMark Colorado Holdings LLC (1.48%), Senvest Management LLC (1.40%), Wells Fargo & Company MN (1.11%) and American Assets Capital Advisers LLC (1.06%). Company insiders that own Switch stock include Donald D Snyder, Intel Capital Corp, 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 ArrowMark Colorado Holdings LLC, First Trust Advisors LP, Balyasny Asset Management LLC, Ensign Peak Advisors Inc, Parametric Portfolio Associates LLC, Engineers Gate Manager LP, Pacific Edge Advisors LLC, and Two Sigma Investments LP. 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, Thomas A Thomas, and William Gonsalves Balelo. 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 Echo Street Capital Management LLC, Wells Fargo & Company MN, Deutsche Bank AG, Sylebra Capital Ltd, Senvest Management LLC, Vaughan Nelson Investment Management L.P., Nuveen Asset Management LLC, and Clearbridge Investments LLC. 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 $19.02.

How big of a company is Switch?

Switch has a market capitalization of $4.60 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.

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 5/25/2020 by MarketBeat.com Staff

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