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S&P 500   4,158.24
DOW   33,212.96
QQQ   309.10
S&P 500   4,158.24
DOW   33,212.96
QQQ   309.10
S&P 500   4,158.24
DOW   33,212.96
QQQ   309.10
S&P 500   4,158.24
DOW   33,212.96
QQQ   309.10
NYSE:SWCH

Switch (SWCH) Stock Forecast, Price & News

$33.77
+0.05 (+0.15%)
(As of 05/27/2022 04:00 PM ET)
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Today's Range
$33.65
$33.78
50-Day Range
$29.40
$33.77
52-Week Range
$18.39
$33.84
Volume
3.16 million shs
Average Volume
2.48 million shs
Market Capitalization
$8.25 billion
P/E Ratio
844.46
Dividend Yield
0.62%
Beta
0.71
30 days | 90 days | 365 days | Advanced Chart
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Switch logo

About Switch

Switch, Inc., through its subsidiary, Switch, Ltd., provides colocation space and related services. It develops and operates data centers in Nevada, Michigan, and Georgia. The company serves technology and digital media companies, financial institutions, government agencies, and network and telecommunications providers, as well as cloud, IT, and software providers. Switch, Inc. was founded in 2000 and is headquartered in Las Vegas, Nevada.

Headlines

Switch (NYSE:SWCH) Lowered to Hold at Berenberg Bank
Meditations On The Switch - Forbes
Switch (NYSE:SWCH) Downgraded by Barclays to "Equal Weight"
Switch (NYSE:SWCH) Lowered to Hold at Stifel Nicolaus
See More Headlines

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Fax
N/A
Employees
829
Year Founded
N/A

Sales & Book Value

Annual Sales
$592.04 million
Cash Flow
$0.83 per share
Book Value
$2.56 per share

Profitability

Net Income
$5.41 million
Pretax Margin
2.96%

Debt

Price-To-Earnings

Miscellaneous

Free Float
172,959,000
Market Cap
$8.25 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/22 Dividend
3/10/2022
Dividend Payable
3/22/2022
Last Earnings
5/10/2022
Ex-Dividend for 6/6 Dividend
5/23/2022
Today
5/27/2022
Dividend Payable
6/06/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.32 out of 5 stars

Business Services Sector

111th out of 462 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

21st out of 94 stocks

Analyst Opinion: 2.1Community Rank: 4.3Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -













Switch (NYSE:SWCH) Frequently Asked Questions

Is Switch a buy right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 11 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Switch stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SWCH, but not buy additional shares or sell existing shares.
View analyst ratings for Switch
or view top-rated stocks.

When is Switch's next earnings date?

Switch is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Switch
.

How were Switch's earnings last quarter?

Switch, Inc. (NYSE:SWCH) released its quarterly earnings data on Tuesday, May, 10th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by $0.01. The business earned $164.60 million during the quarter, compared to analysts' expectations of $163.82 million. Switch had a net margin of 1.05% and a trailing twelve-month return on equity of 2.81%. Switch's revenue was up 25.7% compared to the same quarter last year. During the same period last year, the firm posted $0.08 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 Thursday, May 12th. Investors of record on Tuesday, May 24th will be paid a dividend of $0.0525 per share on Monday, June 6th. This represents a $0.21 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Monday, May 23rd. This is a boost from Switch's previous quarterly dividend of $0.05.
View Switch's dividend history
.

Is Switch a good dividend stock?

Switch pays an annual dividend of $0.21 per share and currently has a dividend yield of 0.62%. Switch has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Switch is 525.13%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Switch will have a dividend payout ratio of 84.00% in the coming year. This indicates that Switch may not be able to sustain their current dividend.
View Switch's dividend history.

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

Switch updated its FY 2022 earnings guidance on Tuesday, May, 24th. The company provided EPS guidance of for the period. The company issued revenue guidance of $660.00 million-$674.00 million, compared to the consensus revenue estimate of $670.65 million.

What price target have analysts set for SWCH?

14 brokerages have issued 12-month price objectives for Switch's stock. Their forecasts range from $26.00 to $35.00. On average, they expect Switch's stock price to reach $30.48 in the next year. This suggests that the stock has a possible downside of 9.8%.
View analysts' price targets for Switch
or view top-rated stocks among Wall Street analysts.

Who are Switch's key executives?
Switch's management team includes the following people:
  • Mr. Rob Roy, Founder, Chairman & CEO (Age 53, Pay $2.72M)
  • Mr. Erin Thomas Morton, Pres, Chief Legal Officer & Sec. (Age 53, Pay $2.02M) (LinkedIn Profile)
  • Mr. Gabriel Nacht, Chief Financial Officer (Age 61, Pay $916.36k)
  • Ms. Melissa Young, Chief Information Officer (Age 50, Pay $608.6k) (LinkedIn Profile)
  • Ms. Jennifer Arias, Sr. VP of Accounting & Controller
  • Mr. Eddie Schutter, Chief Technology Officer
  • Mr. Matthew Scott Heinz C.F.A., VP of Investor Relations and Financial Planning & Analysis
  • Kathleen Tam, Exec. VP of Corp. Affairs & Deputy Gen. Counsel
  • Ms. Heather Ellerbe, VP of Marketing
  • Ms. Jessica Battaglia, VP of HR
What is Rob Roy's approval rating as Switch's CEO?

82 employees have rated Switch CEO Rob Roy on Glassdoor.com. Rob Roy has an approval rating of 78% among Switch's employees.

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), Micron Technology (MU), Bank of Hawaii (BOH), NVIDIA (NVDA), Gilead Sciences (GILD), Square (SQ), Alibaba Group (BABA), InterDigital (IDCC), STAG Industrial (STAG) and Teladoc Health (TDOC).

When did Switch IPO?

(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.

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 number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (4.39%), Royal Bank of Canada (4.01%), BlackRock Inc. (2.68%), Earnest Partners LLC (1.66%), DigitalBridge Group Inc. (1.52%) and US Bancorp DE (1.21%). Company insiders that own Switch stock include Erin Thomas Morton, Melissa Young, Rob Roy, Stella Roy, Teresa A Borden, Thomas A Thomas and Thomas A Thomas.
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 American Assets Capital Advisers LLC, First Trust Advisors LP, PEAK6 Investments LLC, Canada Pension Plan Investment Board, Manning & Napier Group LLC, Moody Aldrich Partners LLC, Principal Financial Group Inc., and Nia Impact Advisors LLC. Company insiders that have sold Switch company stock in the last year include Erin Thomas Morton, Rob Roy, Stella Roy, Teresa A Borden, and Thomas A Thomas.
View insider buying and selling activity for Switch
or view top insider-selling stocks.

Which institutional investors are buying Switch stock?

SWCH stock was purchased by a variety of institutional investors in the last quarter, including Blair William & Co. IL, American Century Companies Inc., DigitalBridge Group Inc., Bank of Nova Scotia, Sei Investments Co., Invesco Ltd., Frontier Capital Management Co. LLC, and Pacer Advisors Inc..
View insider buying and selling activity for Switch
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Switch's stock price today?

One share of SWCH stock can currently be purchased for approximately $33.77.

How much money does Switch make?

Switch has a market capitalization of $8.25 billion and generates $592.04 million in revenue each year. The company earns $5.41 million in net income (profit) each year or $0.039990 on an earnings per share basis.

How many employees does Switch have?

Switch employs 829 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 5/28/2022 by MarketBeat.com Staff

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