Media headlines about Switch (NYSE:SWCH) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Switch earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.8839424253445 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Switch, Inc. (SWCH) Declares Special Dividend of $0.01 (americanbankingnews.com)
- Switch, Inc. Announces Quarterly Dividend (finance.yahoo.com)
- Analyzing Super Micro Computer (SMCI) & Switch (SWCH) (americanbankingnews.com)
- Switch (SWCH) & Sigma Designs (SIGM) Financial Analysis (americanbankingnews.com)
- Contrasting Super Micro Computer (SMCI) & Switch (SWCH) (americanbankingnews.com)
SWCH has been the subject of a number of research analyst reports. Credit Suisse Group set a $22.00 price target on Switch and gave the company a “buy” rating in a research note on Thursday, November 30th. BTIG Research initiated coverage on Switch in a research note on Tuesday, October 31st. They issued a “buy” rating and a $22.00 price objective for the company. Jefferies Group started coverage on Switch in a research note on Tuesday, October 31st. They issued a “hold” rating for the company. Wells Fargo & Company started coverage on Switch in a research report on Tuesday, October 31st. They set a “market perform” rating for the company. Finally, Raymond James Financial started coverage on Switch in a research report on Tuesday, October 31st. They set a “market perform” rating for the company. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $22.20.
Shares of Switch (NYSE:SWCH) traded up $0.45 during trading hours on Friday, hitting $17.45. The stock had a trading volume of 812,686 shares, compared to its average volume of 1,146,085. 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 12-month low of $15.77 and a 12-month high of $24.90.
Switch (NYSE:SWCH) last announced its quarterly earnings data on Monday, November 13th. The company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.01. Switch had a return on equity of 42.87% and a net margin of 16.88%. The firm had revenue of $97.70 million for the quarter, compared to the consensus estimate of $95.81 million. The business’s revenue was up 19.6% on a year-over-year basis. research analysts anticipate that Switch will post 0.02 EPS for the current fiscal year.
The business also recently disclosed a special dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 18th will be given a dividend of $0.014 per share. The ex-dividend date is Friday, December 15th.
In other Switch news, insider Erin Thomas Morton bought 300,000 shares of Switch stock in a transaction on Wednesday, October 11th. The shares were bought at an average price of $17.00 per share, for a total transaction of $5,100,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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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