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NYSE:SWCHSwitch Stock Price, Forecast & News

$18.03
-0.51 (-2.75 %)
(As of 08/7/2020 04:00 PM ET)
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Today's Range
$17.90
Now: $18.03
$19.99
50-Day Range
$17.50
MA: $18.13
$18.85
52-Week Range
$10.30
Now: $18.03
$19.99
Volume2.89 million shs
Average Volume1.79 million shs
Market Capitalization$4.36 billion
P/E Ratio300.55
Dividend Yield0.65%
Beta0.64
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: 0.8Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.62 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$462.31 million
Cash Flow$0.60 per share
Book Value$2.61 per share

Profitability

Net Income$8.92 million

Miscellaneous

Employees731
Market Cap$4.36 billion
Next Earnings Date11/5/2020 (Estimated)
OptionableOptionable
$18.03
-0.51 (-2.75 %)
(As of 08/7/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 (WHO). Since then, SWCH shares have increased by 40.0% and is now trading at $18.03.
View which stocks have been most impacted by Coronavirus
.

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
.

When is Switch's next earnings date?

Switch is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Switch
.

How were Switch's earnings last quarter?

Switch Inc (NYSE:SWCH) announced its earnings results on Thursday, August, 6th. The company reported $0.06 earnings per share for the quarter, hitting analysts' consensus estimates of $0.06. The company had revenue of $126.92 million for the quarter, compared to the consensus estimate of $127.19 million. Switch had a net margin of 1.27% and a return on equity of 3.16%. The firm's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 EPS.
View Switch's earnings history
.

How often does Switch pay dividends? What is the dividend yield for Switch?

Switch announced a quarterly dividend on Monday, May 11th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.65%. 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 issued an update on its FY 2020 After-Hours earnings guidance on Thursday, August, 6th. 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 $518 million.

What price target have analysts set for SWCH?

9 brokerages have issued 12 month price objectives for Switch's shares. Their forecasts range from $17.00 to $24.00. On average, they anticipate Switch's share price to reach $21.06 in the next twelve months. This suggests a possible upside of 16.8% from the stock's current price.
View analysts' price targets for Switch
.

Has Switch been receiving favorable news coverage?

Media headlines about SWCH stock have been trending very positive on Saturday, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Switch earned a daily sentiment score of 4.0 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term.
View the latest news about Switch
.

Are investors shorting Switch?

Switch saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 5,950,000 shares, an increase of 8.4% from the July 15th total of 5,490,000 shares. Based on an average daily volume of 1,830,000 shares, the days-to-cover ratio is currently 3.3 days. Currently, 7.7% of the company's stock 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 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 many different retail and institutional investors. Top institutional investors include US Bancorp DE (1.65%), First Trust Advisors LP (0.93%), Pacer Advisors Inc. (0.56%), NN Investment Partners Holdings N.V. (0.23%), NN Investment Partners Holdings N.V. (0.22%) and Moody Aldrich Partners LLC (0.15%). 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 institutional investors are selling Switch stock?

SWCH stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, US Bancorp DE, NN Investment Partners Holdings N.V., NN Investment Partners Holdings N.V., Falcon Point Capital LLC, Principal Financial Group Inc., Raymond James & Associates, and Dupont Capital Management Corp. 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 institutional investors are buying Switch stock?

SWCH stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Pacer Advisors Inc., Moody Aldrich Partners LLC, Manning & Napier Group LLC, Picton Mahoney Asset Management, WINTON GROUP Ltd, Hussman Strategic Advisors Inc., and Highland Capital Management 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 $18.03.

How big of a company is Switch?

Switch has a market capitalization of $4.36 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 8/8/2020 by MarketBeat.com Staff

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