NYSE:SWCH - Switch Stock Price, Forecast & News

Switch trades on the New York Stock Exchange (NYSE) under the ticker symbol "SWCH."

Switch declared a quarterly dividend on Thursday, November 7th. Investors of record on Tuesday, November 19th will be given a dividend of $0.0294 per share on Friday, November 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Monday, November 18th. View Switch's Dividend History.

Switch Inc (NYSE:SWCH) released its earnings results on Thursday, November, 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.05 by $0.01. The firm earned $117.60 million during the quarter, compared to analyst estimates of $113.22 million. Switch had a net margin of 1.48% and a return on equity of 3.35%. Switch's revenue was up 14.4% compared to the same quarter last year. View Switch's Earnings History.

Switch is scheduled to release their next quarterly earnings announcement on Tuesday, March 10th 2020. View Earnings Estimates for Switch.

Switch updated its FY 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $$454-456 million, compared to the consensus revenue estimate of $$446.88 million.

2 Wall Street analysts have issued 1 year price targets for Switch's stock. Their forecasts range from $12.00 to $18.00. On average, they expect Switch's share price to reach $15.67 in the next twelve months. This suggests that the stock has a possible downside of 2.3%. View Analyst Price Targets for Switch.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Switch.

Media coverage about SWCH stock has trended positive on Monday, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of media coverage by reviewing more than six thousand blog and news 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 3.0 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Switch.

Switch saw a drop in short interest in the month of December. As of December 31st, there was short interest totalling 3,740,000 shares, a drop of 40.5% from the December 15th total of 6,290,000 shares. Based on an average daily trading volume, of 829,400 shares, the days-to-cover ratio is currently 4.5 days. Currently, 6.3% of the company's stock are sold short. View Switch's Current Options Chain.

Some companies that are related to Switch include Yandex (YNDX), Trade Desk (TTD), Pinterest (PINS), Line (LN), Weibo (WB), FactSet Research Systems (FDS), 58.com (WUBA), Stars Group (TSG), Wix.Com (WIX), InterXion (INXN), GDS (GDS), Sabre (SABR), HUYA (HUYA), Tripadvisor (TRIP) and Medallia (MDLA).

Based on aggregate information from My MarketBeat watchlists, some companies that other Switch investors own include Bank of Hawaii (BOH), InterDigital Wireless (IDCC), Stag Industrial (STAG), Advanced Micro Devices (AMD), NVIDIA (NVDA), Macy's (M), Square (SQ), Micron Technology (MU), General Electric (GE) and Pattern Energy Group (PEGI).

(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.

Switch's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Alpine Global Management LLC (0.01%) and Wiley BROS. Aintree Capital LLC (0.01%). Company insiders that own Switch stock include Donald D Snyder, Intel Capital Corp, Michael David Borden, Peter M Thomas, Scott Russell Gragson, Thomas A Thomas and William Gonsalves Balelo. View Institutional Ownership Trends for Switch.

SWCH stock was bought by a variety of institutional investors in the last quarter, including Alpine Global Management LLC and Wiley BROS. Aintree Capital LLC. View Insider Buying and Selling for 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.

One share of SWCH stock can currently be purchased for approximately $16.04.

Switch has a market capitalization of $3.88 billion and generates $405.86 million in revenue each year. The company earns $4.05 million in net income (profit) each year or $0.09 on an earnings per share basis. Switch employs 731 workers across the globe.View Additional Information About Switch.

The official website for Switch is http://www.switch.com/.

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]