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 paid a dividend of $0.029 per share on Friday, August 30th. This represents a $0.12 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, August 16th. View Switch's Dividend History.
How were Switch's earnings last quarter?
Switch Inc (NYSE:SWCH) posted its quarterly earnings data on Wednesday, August, 7th. The company reported $0.04 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.06 by $0.02. The business had revenue of $111.59 million for 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%. Switch'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?
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 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 Wall Street analysts have issued twelve-month target prices for Switch's stock. Their forecasts range from $10.00 to $18.00. On average, they anticipate Switch's share price to reach $12.94 in the next twelve months. This suggests that the stock has a possible downside of 12.5%. 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 articles about SWCH stock have been trending somewhat negative on Saturday, according to InfoTrie. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Switch earned a media sentiment score of -1.5 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Switch.
Are investors shorting Switch?
Switch saw a decline in short interest during the month of September. As of September 30th, there was short interest totalling 7,390,000 shares, a decline 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. Approximately 12.7% of the shares of the stock are sold short. View Switch's Current Options Chain.
Who are some of Switch's key competitors?
Some companies that are related to Switch include Pinterest (PINS), Weibo (WB), Yandex (YNDX), FactSet Research Systems (FDS), Trade Desk (TTD), Line (LN), 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 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 a variety of of institutional and retail investors. Top institutional investors include Pacer Advisors Inc. (0.09%), Coastal Investment Advisors Inc. (0.00%), Zurcher Kantonalbank Zurich Cantonalbank (0.00%) 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 major investors are buying Switch stock?
SWCH stock was acquired by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., Zurcher Kantonalbank Zurich Cantonalbank , NEXT Financial Group Inc and Coastal Investment Advisors 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 $14.79.
How big of a company is Switch?
Switch has a market capitalization of $3.62 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.
