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
SymbolNYSE:SWCH
CUSIPN/A
Phone702-444-4111
Debt
Debt-to-Equity Ratio0.80
Current Ratio3.37
Quick Ratio3.37
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E Ratio77.18
P/E Growth5.29
Sales & Book Value
Annual Sales$378.27 million
Price / Sales8.76
Cash Flow$0.3246 per share
Price / Cash40.42
Book Value$2.94 per share
Price / Book4.46
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 Shares252,630,000
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, May 15th. Investors of record on Tuesday, May 29th will be paid a dividend of $0.0147 per share on Friday, June 8th. This represents a $0.06 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, May 25th. View Switch's Dividend History.
How were Switch's earnings last quarter?
Switch Inc (NYSE:SWCH) issued its quarterly earnings data on Monday, May, 14th. The company reported $0.02 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.05 by $0.03. The business earned $97.70 million during the quarter, compared to the consensus estimate of $99.79 million. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 EPS. View Switch's Earnings History.
What price target have analysts set for SWCH?
12 analysts have issued twelve-month price targets for Switch's stock. Their forecasts range from $17.00 to $22.00. On average, they anticipate Switch's stock price to reach $20.00 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. " (5/18/2018)
- 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?
Some companies that are related to Switch include Match Group (MTCH), Yandex (YNDX), 58.com (WUBA), Line (LN), FactSet Research Systems (FDS), Tripadvisor Inc Common Stock (TRIP), Sabre (SABR), Stars Group (TSG), Wix.Com (WIX), InterXion (INXN), GDS (GDS), Trade Desk (TTD), Pluralsight (PS), TrueCar (TRUE) 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 49)
- Mr. Erin Thomas Morton, Pres, Gen. Counsel & Sec. (Age 49)
- Mr. Gabriel Nacht, Chief Financial Officer (Age 57)
- Ms. Missy Young, Exec. VP of Sales
- 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 acted as the underwriters for the IPO and Citigroup, Credit Suisse, Jefferies, BTIG, Raymond James, Stifel and WilliamBlair were co-managers.
Has Switch been receiving favorable news coverage?
News coverage about SWCH stock has trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Switch earned a media sentiment score of 0.07 on Accern's scale. They also gave news articles about the company an impact score of 47.03 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
Who are Switch's major shareholders?
Switch's stock is owned by a number of of retail and institutional investors. Top institutional investors include Wells Fargo & Company MN (1.74%), TSSP SUB-FUND HOLDCO LLC (6.30%), TSSP SUB-FUND HOLDCO LLC (6.30%), NORGES BANK (4.98%), Massachusetts Financial Services Co. MA (0.54%) and BlackRock Inc. (0.54%). Company insiders that own Switch stock include Erin Thomas Morton and Intel Capital Corp. 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 BlackRock Inc., Vista Equity Partners Management LLC, Tiverton Asset Management LLC, Massachusetts Financial Services Co. MA, Thornburg Investment Management Inc., Engineers Gate Manager LP, Glen Harbor Capital Management LLC and Neuburgh Advisers LLC. View Insider Buying and Selling for Switch.
Which institutional investors are buying Switch stock?
SWCH stock was bought by a variety of institutional investors in the last quarter, including Sylebra HK Co Ltd, Millennium Management LLC, Point72 Asset Management L.P., Wells Fargo & Company MN, Susquehanna Fundamental Investments LLC, Verition Fund Management LLC, New York State Common Retirement Fund and Russell Investments Group Ltd.. 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 $13.12.
How big of a company is Switch?
Switch has a market capitalization of $3.31 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)
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.
