Press coverage about Switch (NYSE:SWCH) has trended neutral recently, InfoTrie Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than 6,000 news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Switch earned a news impact score of 0.20 on their scale. InfoTrie also assigned news articles about the company an news buzz score of 0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have effected Switch’s analysis:
NYSE:SWCH traded up $0.02 during trading hours on Wednesday, hitting $15.50. The company’s stock had a trading volume of 40,825 shares, compared to its average volume of 1,067,193. The business’s 50-day moving average is $15.98 and its two-hundred day moving average is $13.27. The company has a market capitalization of $3.86 billion, a PE ratio of 172.22, a PEG ratio of 10.91 and a beta of 0.52. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.97 and a current ratio of 0.97. Switch has a 52-week low of $6.39 and a 52-week high of $16.95.
Switch (NYSE:SWCH) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.02). The business had revenue of $111.59 million during the quarter, compared to analysts’ expectations of $109.47 million. Switch had a return on equity of 2.60% and a net margin of 1.05%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS. As a group, analysts predict that Switch will post 0.13 EPS for the current fiscal year.
A number of equities analysts recently issued reports on SWCH shares. BMO Capital Markets upped their price target on Switch from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Tuesday, September 24th. Zacks Investment Research downgraded Switch from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, ValuEngine downgraded Switch from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $12.83.
In other news, Director Thomas A. Thomas sold 60,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $15.46, for a total value of $927,600.00. Also, major shareholder William Gonsalves Balelo sold 583,343 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $16.30, for a total value of $9,508,490.90. The disclosure for this sale can be found here. Company insiders own 28.39% of the company’s stock.
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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