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Switch Stock Price, News & Analysis (NYSE:SWCH)

$14.90
+0.01 (+0.07 %)
(As of 10/18/2019 07:31 AM ET)
Today's Range
$14.68
Now: $14.90
$15.11
50-Day Range
$14.75
MA: $15.87
$16.83
52-Week Range
$6.39
Now: $14.90
$16.95
Volume569,942 shs
Average Volume747,961 shs
Market Capitalization$3.65 billion
P/E Ratio165.56
Dividend Yield0.76%
Beta0.52
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$405.86 million
Cash Flow$0.45 per share
Book Value$2.87 per share

Profitability

Net Income$4.05 million

Miscellaneous

Employees731
Market Cap$3.65 billion
Next Earnings Date11/12/2019 (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 declared a quarterly dividend on Wednesday, August 7th. Investors of record on Monday, August 19th will be paid a dividend of $0.029 per share on Friday, August 30th. This represents a $0.12 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Friday, August 16th. View Switch's Dividend History.

How were Switch's earnings last quarter?

Switch Inc (NYSE:SWCH) posted its earnings results on Wednesday, August, 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by $0.02. The firm earned $111.59 million during the quarter, compared to the consensus estimate of $109.47 million. Switch had a return on equity of 2.60% and a net margin of 1.05%. The company's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company earned $0.02 EPS. View Switch's Earnings History.

When is Switch's next earnings date?

Switch is scheduled to release their next quarterly earnings announcement on Tuesday, November 12th 2019. View Earnings Estimates for Switch.

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

Switch updated its FY 2019 earnings guidance on Wednesday, August, 7th. The company provided earnings per share 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 brokerages 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 stock price to reach $12.94 in the next year. This suggests that the stock has a possible downside of 13.2%. 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?

Media headlines about SWCH stock have trended neutral this week, InfoTrie reports. The research group scores the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Switch earned a media sentiment score of 0.2 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Switch.

Are investors shorting Switch?

Switch saw a drop in short interest in the month of September. As of September 30th, there was short interest totalling 7,390,000 shares, a drop of 6.8% from the August 30th total of 7,930,000 shares. Based on an average daily volume of 938,000 shares, the short-interest ratio is presently 7.9 days. Currently, 12.7% 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 Bank of Hawaii (BOH), InterDigital Wireless (IDCC), Stag Industrial (STAG), Square (SQ), Advanced Micro Devices (AMD), NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), General Electric (GE) and Macy's (M).

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 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.

Who are Switch's major shareholders?

Switch's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Pacer Advisors Inc. (0.09%) and NEXT Financial Group Inc (0.00%). 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 institutional investors are buying Switch stock?

SWCH stock was purchased by a variety of institutional investors in the last quarter, including Pacer Advisors Inc. and NEXT Financial Group Inc. 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 $14.90.

How big of a company is Switch?

Switch has a market capitalization of $3.65 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?

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:  289 (Vote Outperform)
Underperform Votes:  321 (Vote Underperform)
Total Votes:  610
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 10/18/2019 by MarketBeat.com Staff

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