NYSE:SWCHSwitch Stock Price, Forecast & News

Switch's stock was trading at $12.88 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SWCH shares have increased by 46.4% and is now trading at $18.85. View which stocks have been most impacted by Coronavirus.

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

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

Switch Inc (NYSE:SWCH) announced its quarterly earnings data on Friday, May, 8th. The company reported $0.04 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.05 by $0.01. The company earned $128.10 million during the quarter, compared to analyst estimates of $123.52 million. Switch had a return on equity of 3.16% and a net margin of 1.27%. The business's revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.03 EPS. View Switch's earnings history.

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 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Thursday, May 21st. This is a positive change from Switch's previous quarterly dividend of $0.03. View Switch's dividend history.

Switch issued an update on its FY 2020 Pre-Market earnings guidance on Friday, May, 8th. 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 $516.11 million.

8 analysts have issued 1-year target prices for Switch's shares. Their forecasts range from $17.00 to $23.00. On average, they anticipate Switch's share price to reach $20.43 in the next twelve months. This suggests a possible upside of 8.4% from the stock's current price. View analysts' price targets for Switch.

News headlines about SWCH stock have trended negative recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Switch earned a coverage optimism score of -2.9 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near term. View the latest news aboutSwitch.

Switch saw a drop in short interest in May. As of May 15th, there was short interest totaling 5,970,000 shares, a drop of 27.6% from the April 30th total of 8,250,000 shares. Based on an average daily volume of 2,060,000 shares, the days-to-cover ratio is currently 2.9 days. Approximately 8.0% of the shares of the stock are short sold. View Switch's Current Options Chain.

Some companies that are related to Switch include Trade Desk (TTD), Yandex (YNDX), Line (LN), FactSet Research Systems (FDS), Pinterest (PINS), Wix.Com (WIX), Stars Group (TSG), 58.com (WUBA), Weibo (WB), GDS (GDS), InterXion (INXN), Livongo Health (LVGO), Medallia (MDLA), HUYA (HUYA) and Pluralsight (PS). View all competitors.

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).

(SWCH) raised $470 million in an initial public offering (IPO) 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.

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

Switch's stock is owned by many different institutional and retail investors. Top institutional investors include Sylebra Capital Ltd (3.80%), US Bancorp DE (1.74%), ArrowMark Colorado Holdings LLC (1.48%), Senvest Management LLC (1.40%), Wells Fargo & Company MN (1.11%) and American Assets Capital Advisers LLC (1.06%). 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.

SWCH stock was sold by a variety of institutional investors in the last quarter, including ArrowMark Colorado Holdings LLC, First Trust Advisors LP, Balyasny Asset Management LLC, Ensign Peak Advisors Inc, Parametric Portfolio Associates LLC, Engineers Gate Manager LP, Pacific Edge Advisors LLC, and Two Sigma Investments LP. 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.

SWCH stock was acquired by a variety of institutional investors in the last quarter, including Echo Street Capital Management LLC, Wells Fargo & Company MN, Deutsche Bank AG, Sylebra Capital Ltd, Senvest Management LLC, Vaughan Nelson Investment Management L.P., Nuveen Asset Management LLC, and Clearbridge Investments LLC. View insider buying and selling activity 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 $18.85.

Switch has a market capitalization of $4.55 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.

The official website for Switch is 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]