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NYSE:SWCH - Switch Stock Price, Forecast & News

$14.34
-1.73 (-10.77 %)
(As of 02/28/2020 04:00 PM ET)
Today's Range
$13.96
Now: $14.34
$15.34
50-Day Range
$14.34
MA: $16.44
$17.69
52-Week Range
$7.95
Now: $14.34
$17.83
Volume3.71 million shs
Average Volume1.43 million shs
Market Capitalization$3.47 billion
P/E Ratio179.27
Dividend Yield0.73%
Beta0.48
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. Read More…

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$0.41 per share
Book Value$2.87 per share

Profitability

Net Income$4.05 million

Miscellaneous

Employees731
Market Cap$3.47 billion
Next Earnings Date5/13/2020 (Estimated)
OptionableOptionable

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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 Thursday, November 7th. Investors of record on Tuesday, November 19th will be paid a dividend of $0.0294 per share on Friday, November 29th. This represents a $0.12 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Monday, November 18th. View Switch's Dividend History.

How were Switch's earnings last quarter?

Switch Inc (NYSE:SWCH) announced its quarterly earnings data on Thursday, February, 27th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.05 by $0.01. The company earned $120.50 million during the quarter, compared to analysts' expectations of $119.40 million. Switch had a return on equity of 3.18% and a net margin of 1.75%. The company's revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 EPS. View Switch's Earnings History.

When is Switch's next earnings date?

Switch is scheduled to release their next quarterly earnings announcement on Wednesday, May 13th 2020. View Earnings Estimates for Switch.

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

Switch issued an update on its FY 2020 After-Hours earnings guidance on Thursday, February, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $507-521 million, compared to the consensus revenue estimate of $512.04 million.

What price target have analysts set for SWCH?

6 brokerages have issued 12-month price objectives for Switch's stock. Their forecasts range from $17.00 to $21.00. On average, they expect Switch's stock price to reach $18.67 in the next year. This suggests a possible upside of 30.2% from the stock's current price. View Analyst Price Targets for Switch.

What is the consensus analysts' recommendation for Switch?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 1 hold rating, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Switch.

Has Switch been receiving favorable news coverage?

Headlines about SWCH stock have been trending very negative on Saturday, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by analyzing 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 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 news headlines about the company a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the stock's share price in the next few days. View News Stories for Switch.

Are investors shorting Switch?

Switch saw a decline in short interest during the month of February. As of February 14th, there was short interest totalling 2,860,000 shares, a decline of 12.3% from the January 30th total of 3,260,000 shares. Based on an average trading volume of 981,100 shares, the short-interest ratio is presently 2.9 days. Approximately 4.7% of the company's shares 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), InterDigital Wireless (IDCC), Stag Industrial (STAG), NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), General Electric (GE), Macy's (M) and Square (SQ).

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, 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 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 served 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 variety of of retail and institutional investors. Top institutional shareholders include Sylebra Capital Ltd (3.27%), Renaissance Technologies LLC (2.66%), ArrowMark Colorado Holdings LLC (2.61%), US Bancorp DE (1.74%), First Trust Advisors LP (1.10%) and Senvest Management LLC (0.91%). 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.

Which institutional investors are selling Switch stock?

SWCH stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Royce & Associates LP, Falcon Point Capital LLC, US Bancorp DE, Cubist Systematic Strategies LLC, Credit Suisse AG, Bank of Montreal Can and AlphaCrest Capital Management LLC. Company insiders that have sold Switch company stock in the last year include Donald D Snyder, Michael David Borden, Peter M Thomas, Scott Russell Gragson, Thomas A Thomas 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 Renaissance Technologies LLC, Sylebra Capital Ltd, Citigroup Inc., ArrowMark Colorado Holdings LLC, Pacer Advisors Inc., Pacific Edge Advisors LLC, State of New Jersey Common Pension Fund D and Connor Clark & Lunn Investment Management 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, Robinhood, Fidelity and Charles Schwab.

What is Switch's stock price today?

One share of SWCH stock can currently be purchased for approximately $14.34.

How big of a company is Switch?

Switch has a market capitalization of $3.47 billion and generates $462.31 million in revenue each year. The company earns $4.05 million in net income (profit) each year or $0.15 on an earnings per share basis. Switch employs 731 workers across the globe.View Additional Information About Switch.

What is Switch's official website?

The official website for Switch is http://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]


MarketBeat Community Rating for Switch (NYSE SWCH)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  320 (Vote Outperform)
Underperform Votes:  345 (Vote Underperform)
Total Votes:  665
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.
This page was last updated on 2/29/2020 by MarketBeat.com Staff

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