News articles about Switch (NYSE:SWCH) have trended somewhat positive this week, Accern reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Switch earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.6788333098511 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
SWCH has been the topic of a number of research analyst reports. BTIG Research initiated coverage on Switch in a research note on Tuesday, October 31st. They issued a “buy” rating and a $22.00 price target on the stock. J P Morgan Chase & Co initiated coverage on Switch in a research note on Tuesday, October 31st. They issued an “overweight” rating and a $22.00 price target on the stock. BMO Capital Markets initiated coverage on Switch in a research note on Tuesday, October 31st. They issued an “outperform” rating and a $23.00 price target on the stock. Jefferies Group initiated coverage on Switch in a research note on Tuesday, October 31st. They issued a “hold” rating on the stock. Finally, Citigroup initiated coverage on Switch in a research note on Tuesday, October 31st. They issued a “neutral” rating and a $22.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $22.20.
Switch (NYSE SWCH) traded down $0.23 during midday trading on Tuesday, reaching $17.07. The company’s stock had a trading volume of 700,760 shares, compared to its average volume of 1,427,654. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.18. Switch has a one year low of $15.77 and a one year high of $24.90.
Switch (NYSE:SWCH) last released its quarterly earnings data on Monday, November 13th. The company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.01. The company had revenue of $97.70 million for the quarter, compared to analyst estimates of $95.81 million. Switch’s quarterly revenue was up 19.6% compared to the same quarter last year. equities analysts anticipate that Switch will post 0.02 EPS for the current year.
The business also recently disclosed a special dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 18th will be paid a dividend of $0.014 per share. The ex-dividend date of this dividend is Friday, December 15th.
In related news, insider Erin Thomas Morton acquired 300,000 shares of the stock in a transaction on Wednesday, October 11th. The shares were bought at an average price of $17.00 per share, with a total value of $5,100,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
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Switch Company Profile
Switch, Inc is a technology infrastructure company. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services, and content ecosystems. The Company designs, constructs and operates hyperscale data centers that address the growing challenges facing the data center industry.
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