Switch (NYSE:SWCH) Given News Sentiment Rating of 0.80

Share on StockTwits

Headlines about Switch (NYSE:SWCH) have trended somewhat positive on Monday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive media coverage by analyzing more than 6,000 blog and news 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 media sentiment score of 0.80 on their scale. InfoTrie also assigned press coverage about the company an news buzz score of 0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the headlines that may have impacted Switch’s ranking:

A number of equities research analysts have recently issued reports on the stock. ValuEngine raised shares of Switch from a “sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Stifel Nicolaus upped their price objective on shares of Switch from $17.50 to $20.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Zacks Investment Research raised shares of Switch from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Friday, May 22nd. BMO Capital Markets upped their price objective on shares of Switch from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Finally, Wells Fargo & Co upped their price objective on shares of Switch from $18.00 to $19.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Switch has a consensus rating of “Buy” and an average price target of $20.38.

Shares of SWCH opened at $17.06 on Monday. The stock has a market capitalization of $4.12 billion, a PE ratio of 284.38 and a beta of 0.67. Switch has a 1 year low of $10.30 and a 1 year high of $19.56. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.84 and a current ratio of 0.84. The company’s 50-day simple moving average is $18.07 and its 200-day simple moving average is $15.99.

Switch (NYSE:SWCH) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.01). The business had revenue of $128.10 million for 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 firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.03 EPS. On average, sell-side analysts predict that Switch will post 0.22 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 22nd were issued a $0.0294 dividend. This is a boost from Switch’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, May 21st. This represents a $0.12 annualized dividend and a yield of 0.69%. Switch’s dividend payout ratio (DPR) is 80.00%.

In other Switch news, Director Thomas A. Thomas sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $13.95, for a total transaction of $418,500.00. Following the sale, the director now owns 8,250,000 shares of the company’s stock, valued at $115,087,500. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Michael David Borden sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $11.78, for a total transaction of $883,500.00. Following the sale, the insider now directly owns 5,374,998 shares in the company, valued at approximately $63,317,476.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 457,000 shares of company stock worth $7,763,920. 30.52% of the stock is owned by corporate insiders.

Switch Company Profile

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.

Recommended Story: Google Finance Portfolio Tips and Tricks

Insider Buying and Selling by Quarter for Switch (NYSE:SWCH)

Receive News & Ratings for Switch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Switch and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

New Mexico Educational Retirement Board Reduces Stock Holdings in Noble Energy, Inc.
New Mexico Educational Retirement Board Reduces Stock Holdings in Noble Energy, Inc.
Guggenheim Capital LLC Has $1.31 Million Stock Position in E*TRADE Financial Corp
Guggenheim Capital LLC Has $1.31 Million Stock Position in E*TRADE Financial Corp
Microsoft Co.  Shares Sold by ADAMCAPITAL Gestao de Recursos Ltda.
Microsoft Co. Shares Sold by ADAMCAPITAL Gestao de Recursos Ltda.
AQR Capital Management LLC Buys 40,217 Shares of Invesco Ltd.
AQR Capital Management LLC Buys 40,217 Shares of Invesco Ltd.
Private Asset Management Inc. Buys 13,826 Shares of Citigroup Inc
Private Asset Management Inc. Buys 13,826 Shares of Citigroup Inc
Private Asset Management Inc. Grows Position in Southern Co
Private Asset Management Inc. Grows Position in Southern Co


© 2006-2020 Ticker Report