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.
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Industry, Sector and Symbol
Industry Computer programming, data processing, & other computer related
Sub-IndustryN/A
SectorBusiness Services
Phone702-444-4111
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$405.86 million
Profitability
Miscellaneous
Employees731
Next Earnings Date11/12/2019 (Estimated)
OptionableOptionable
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 Wednesday, August 7th. Investors of record on Monday, August 19th will be given a dividend of $0.029 per share on Friday, August 30th. This represents a $0.12 annualized dividend and a yield of 0.75%. The ex-dividend date is Friday, August 16th. View Switch's Dividend History.
How were Switch's earnings last quarter?
Switch Inc (NYSE:SWCH) issued its quarterly earnings data on Wednesday, August, 7th. The company reported $0.04 EPS for the quarter, missing the Zacks' consensus estimate of $0.06 by $0.02. The business earned $111.59 million during the quarter, compared to analyst estimates of $109.47 million. Switch had a net margin of 1.05% and a return on equity of 2.60%. The business's quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.02 EPS. View Switch's Earnings History.
When is Switch's next earnings date?
What guidance has Switch issued on next quarter's earnings?
Switch issued an update on its FY 2019 earnings guidance on Wednesday, August, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $442-448 million, compared to the consensus revenue estimate of $442.82 million.
What price target have analysts set for SWCH?
8 equities research analysts have issued 12 month price objectives for Switch's shares. Their forecasts range from $10.00 to $18.00. On average, they anticipate Switch's share price to reach $12.94 in the next year. This suggests that the stock has a possible downside of 16.9%. View Analyst Price Targets for Switch.
What is the consensus analysts' recommendation for Switch?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Switch in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Switch.
Has Switch been receiving favorable news coverage?
News stories about SWCH stock have trended negative this week, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by monitoring more than six thousand blog and news sources. 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 news impact score of -2.6 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near term. View News Stories for Switch.
Are investors shorting Switch?
Switch saw a decrease in short interest during the month of September. As of September 30th, there was short interest totalling 7,390,000 shares, a decrease of 6.8% from the August 30th total of 7,930,000 shares. Based on an average trading volume of 938,000 shares, the days-to-cover ratio is currently 7.9 days. Approximately 12.7% of the shares of the company are short sold. View Switch's Current Options Chain.
Who are some of Switch's key competitors?
Some companies that are related to Switch include Pinterest (PINS), Yandex (YNDX), Weibo (WB), FactSet Research Systems (FDS), Line (LN), Trade Desk (TTD), 58.com (WUBA), InterXion (INXN), Wix.Com (WIX), Sabre (SABR), Stars Group (TSG), Tripadvisor (TRIP), HUYA (HUYA), GDS (GDS) and Medallia (MDLA).
What other stocks do shareholders of Switch own?
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 (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 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 many different of retail and institutional investors. Top institutional investors include Pacer Advisors Inc. (0.09%). Company insiders that own Switch stock include Donald D Snyder, Intel Capital Corp, Scott Russell Gragson, Thomas A Thomas and William Gonsalves Balelo. View Institutional Ownership Trends for Switch.
Which major investors are buying Switch stock?
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 $15.56.
How big of a company is Switch?
Switch has a market capitalization of $3.81 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.
What is Switch's official website?
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)
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.
