Switch, Inc., through its subsidiary, Switch, Ltd., provides colocation space and related services in the United States. It develops and operates data centers in Nevada, Michigan, and Georgia. The company serves technology and digital media companies, financial institutions, government agencies, and network and telecommunications providers, as well as cloud, IT, and software providers. Switch, Inc. was founded in 2000 and is headquartered in Las Vegas, Nevada.
IPO Year: 2017
Exchange: NYSE
Website: switch.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/25/2022 | $28.00 → $31.00 | Overweight → Equal Weight | Wells Fargo |
| 2/25/2022 | $31.00 → $28.00 | Outperform | Credit Suisse |
| 1/26/2022 | $28.00 → $30.00 | Overweight | Wells Fargo |
| 1/14/2022 | $28.00 → $30.00 | Overweight | Barclays |
| 12/16/2021 | $30.00 | Outperform | RBC Capital Mkts |
| 12/2/2021 | $27.00 → $32.00 | Strong Buy | Raymond James |
| 11/16/2021 | $27.00 → $31.00 | Outperform | Credit Suisse |
| 11/8/2021 | $25.00 → $27.00 | Strong Buy | Raymond James |
| 11/3/2021 | $23.00 → $28.00 | Overweight | Wells Fargo |
| 8/6/2021 | $20.00 → $24.00 | Outperform | Credit Suisse |
4 - Switch, Inc. (0001710583) (Issuer)
4 - Switch, Inc. (0001710583) (Issuer)
4 - Switch, Inc. (0001710583) (Issuer)
4 - Switch, Inc. (0001710583) (Issuer)
4 - Switch, Inc. (0001710583) (Issuer)
4 - Switch, Inc. (0001710583) (Issuer)
4 - Switch, Inc. (0001710583) (Issuer)
4 - Switch, Inc. (0001710583) (Issuer)
4 - Switch, Inc. (0001710583) (Issuer)
4 - Switch, Inc. (0001710583) (Issuer)
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Initiative will add to LOGIX's connectivity platform that provides fiber to nearly 100 Texas data centers LOGIX Fiber Networks, the largest independent fiber network provider in Texas, today announced its agreement with Switch, Inc. (NYSE:SWCH), the exascale technology infrastructure corporation, to build fiber into its new data center located at the Dell Headquarters in Round Rock, TX which is expected to open in mid-2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221110005118/en/Initiative will add to LOGIX's connectivity platform that provides fiber to nearly 100 Texas data centers (Graphic: Business Wire) "LOGIX continu
Revenue of $174.5 million, Net Loss of $0.2 million, Adjusted EBITDA of $69.5 million Revenue Growth of 10% Compared to Year Ago Quarter, All Organic Signed $21 million in annualized revenue since Q2, including $8 million during Q3 LAS VEGAS, Nov. 9, 2022 /PRNewswire/ -- Switch, Inc. (NYSE:SWCH) ("Switch") today announced financial results for the quarter ended September 30, 2022. "Switch maintained a strong double-digit revenue growth trajectory in the third quarter of 2022," said Rob Roy, Founder and CEO of Switch. "Our sales pipeline remains active as we continue to have good visibility on customer demand for facilities that are currently under construction across the Five Primes. LAS VEG
Switch's Commitment to 100 Percent Renewable Energy is Recognized in Advancing Sustainable Critical Infrastructure and the Green Energy Market LAS VEGAS, Aug. 18, 2022 /PRNewswire/ -- Switch, Inc. (NYSE:SWCH) ("Switch"), the exascale technology infrastructure corporation, today announced it has been recognized for the fourth consecutive year by the U.S. Environmental Protection Agency's (EPA's) National Top 100 List of the largest green power users from the Green Power Partnership (GPP). Switch ranked in the top 10 on EPA's Top 30 Tech & Telecom List and 25th on the Top 100 List of companies based on power usage, with a perfect 100 percent ranking for the use of green power.
Revenue of $168.2 million, Net Income of $380.7 million, Adjusted EBITDA of $84.6 million Revenue Growth of 19%, Organic Revenue Growth of 12% Compared to Year Ago Quarter Incremental Annualized Revenue Bookings of $22 million and Total Contract Value of $104 million LAS VEGAS, Aug. 8, 2022 /PRNewswire/ -- Switch, Inc. (NYSE:SWCH) ("Switch") today announced financial results for the quarter ended June 30, 2022. "Switch continued to execute favorably on its robust sales pipeline and maintained a strong growth trajectory in the second quarter of 2022," said Rob Roy, Founder and CEO of Switch. "Customer demand remains elevated across the five Primes and pre-sales continue to improve with respec
LAS VEGAS, July 28, 2022 /PRNewswire/ -- Switch, Inc. (NYSE: SWCH) today announced that it will release its second quarter 2022 financial results after market close on Monday, August 8, 2022. As a result of the previously announced definitive merger agreement with funds managed by DigitalBridge Group, Inc. and IFM Investors to acquire all outstanding shares of Switch common stock in an all cash transaction, the Company will not conduct a second quarter 2022 earnings conference call. ABOUT SwitchSwitch (NYSE:SWCH), is the independent leader in exascale data center ecosystems, edge data center designs, industry-leading telecommunications solutions and next-generation technology innovation. Swi
Arelion's diverse suburban ring enhances Atlanta metro network connectivity in Douglas County and beyond STOCKHOLM, July 13, 2022 /PRNewswire/ -- Arelion today announced the expansion of its Atlanta metro network and new connectivity to the surrounding areas in Douglas County with the addition of a Point of Presence (PoP) in Switch ATLANTA, Switch's data center facility located at its Keep Campus in Lithia Springs, Georgia. Switch (NYSE:SWCH) is the independent leader in exascale data center ecosystems, edge data center designs, industry-leading telecommunications solutions and next-generation technology innovation. This expansion enables access to Arelion's number one Internet Backbone, AS1
Targeting a $100 Million valuation in the next two years, ZTelco announces a major change in operations with a new, state-of-the-art data center that will serve as the backbone for their Platform-as-a-Service (PaaS) solution. Shortly after adding several new innovative features to their growing lineup of VoIP business tools, ZTelco sees rapid growth and is planning a major expansion of capabilities powering their business phone platform, RingPlan. POWAY, Calif., June 7, 2022 /PRNewswire-PRWeb/ -- Big changes are on the horizon for ZTelco and their RingPlan phone platform as they announce a new partnership deal with the world's only Tier5® ExaScale data center system, Switch.com. ZTelco presi
Switch Common Stockholders to Receive $34.25 Per Share in Cash Transaction Partners Switch with Preeminent Infrastructure Investment Consortium to Accelerate Company's Long-Term Vision for Growth Switch's 100% Renewably Powered Platform Aligns with Vision to Build a Sustainable Future for Digital Infrastructure LAS VEGAS, May 11, 2022 /PRNewswire/ -- Switch, Inc. (NYSE:SWCH) ("Switch") today announced it has entered into a definitive agreement with DigitalBridge Group, Inc. (NYSE:DBRG) ("DigitalBridge"), under which DigitalBridge Partners II, the value-added digital infrastructure equity strategy of the investment management platform of DigitalBridge, and an affiliate of global infrastructu
LAS VEGAS, May 10, 2022 /PRNewswire/ -- Switch, Inc. (NYSE:SWCH) today announced that it will conduct its first quarter 2022 earnings conference call and live webcast for analysts and investors at 8:30 a.m. Eastern Time on Wednesday May 11, 2022. The company is providing updated dial-in information below, which replaces the previous conference call information provided in Switch's first quarter 2022 earnings press release. Participant toll free dial-in: 888-660-6585Conference ID: 1555854The webcast will be accessible on Switch's investor relations website at https://investors.switch.com/ for one year. A telephonic replay of the conference call will be available through Wednesday, May 18, 20
Revenue of $164.6 million, Net Income of $23.9 million, Adjusted EBITDA of $86.8 million Revenue Growth of 26%, Organic Revenue Growth of 16% Compared to Year Ago Quarter Incremental Annualized Revenue Bookings of $20 million and Total Contract Value of $160 million LAS VEGAS, May 10, 2022 /PRNewswire/ -- Switch, Inc. (NYSE:SWCH) ("Switch") today announced financial results for the quarter ended March 31, 2022. "Switch maintained its positive momentum in the first quarter of 2022, delivering strong revenue growth and robust sales activity as we continued to execute upon a significant pipeline of customer opportunities," said Rob Roy, Founder and CEO of Switch. "We are extremely pleased with
Revenue of $174.5 million, Net Loss of $0.2 million, Adjusted EBITDA of $69.5 million Revenue Growth of 10% Compared to Year Ago Quarter, All Organic Signed $21 million in annualized revenue since Q2, including $8 million during Q3 LAS VEGAS, Nov. 9, 2022 /PRNewswire/ -- Switch, Inc. (NYSE:SWCH) ("Switch") today announced financial results for the quarter ended September 30, 2022. "Switch maintained a strong double-digit revenue growth trajectory in the third quarter of 2022," said Rob Roy, Founder and CEO of Switch. "Our sales pipeline remains active as we continue to have good visibility on customer demand for facilities that are currently under construction across the Five Primes. LAS VEG
Revenue of $168.2 million, Net Income of $380.7 million, Adjusted EBITDA of $84.6 million Revenue Growth of 19%, Organic Revenue Growth of 12% Compared to Year Ago Quarter Incremental Annualized Revenue Bookings of $22 million and Total Contract Value of $104 million LAS VEGAS, Aug. 8, 2022 /PRNewswire/ -- Switch, Inc. (NYSE:SWCH) ("Switch") today announced financial results for the quarter ended June 30, 2022. "Switch continued to execute favorably on its robust sales pipeline and maintained a strong growth trajectory in the second quarter of 2022," said Rob Roy, Founder and CEO of Switch. "Customer demand remains elevated across the five Primes and pre-sales continue to improve with respec
LAS VEGAS, July 28, 2022 /PRNewswire/ -- Switch, Inc. (NYSE: SWCH) today announced that it will release its second quarter 2022 financial results after market close on Monday, August 8, 2022. As a result of the previously announced definitive merger agreement with funds managed by DigitalBridge Group, Inc. and IFM Investors to acquire all outstanding shares of Switch common stock in an all cash transaction, the Company will not conduct a second quarter 2022 earnings conference call. ABOUT SwitchSwitch (NYSE:SWCH), is the independent leader in exascale data center ecosystems, edge data center designs, industry-leading telecommunications solutions and next-generation technology innovation. Swi
LAS VEGAS, May 10, 2022 /PRNewswire/ -- Switch, Inc. (NYSE:SWCH) today announced that it will conduct its first quarter 2022 earnings conference call and live webcast for analysts and investors at 8:30 a.m. Eastern Time on Wednesday May 11, 2022. The company is providing updated dial-in information below, which replaces the previous conference call information provided in Switch's first quarter 2022 earnings press release. Participant toll free dial-in: 888-660-6585Conference ID: 1555854The webcast will be accessible on Switch's investor relations website at https://investors.switch.com/ for one year. A telephonic replay of the conference call will be available through Wednesday, May 18, 20
Revenue of $164.6 million, Net Income of $23.9 million, Adjusted EBITDA of $86.8 million Revenue Growth of 26%, Organic Revenue Growth of 16% Compared to Year Ago Quarter Incremental Annualized Revenue Bookings of $20 million and Total Contract Value of $160 million LAS VEGAS, May 10, 2022 /PRNewswire/ -- Switch, Inc. (NYSE:SWCH) ("Switch") today announced financial results for the quarter ended March 31, 2022. "Switch maintained its positive momentum in the first quarter of 2022, delivering strong revenue growth and robust sales activity as we continued to execute upon a significant pipeline of customer opportunities," said Rob Roy, Founder and CEO of Switch. "We are extremely pleased with
LAS VEGAS, April 21, 2022 /PRNewswire/ -- Switch, Inc. (NYSE:SWCH) today announced that it will release its first quarter 2022 financial results after market close on Tuesday, May 10, 2022. The company will conduct its conference call and live webcast for analysts and investors at 5:00 p.m. Eastern Time on that day, hosted by Switch President Thomas Morton and Chief Financial Officer Gabe Nacht. The press release with financial results will be accessible from the company's website prior to the conference call. United States participant dial-in: 844-200-6205Canada participant dial-in: 226-828-7575All other participants dial-in: 929-526-1599Participant access code: 250393The webcast will be ac
LAS VEGAS, Feb. 24, 2022 /PRNewswire/ -- Switch, Inc. (NYSE:SWCH) ("Switch") today announced financial results for the quarter and full year ended December 31, 2021. "Switch's strong fourth quarter results capped off a transformational year for the company, highlighted by record financial and bookings performance, the launch of our fifth PRIME Campus, the successful acquisition and integration of Data Foundry, and our announcement to pursue a REIT conversion effective January 1, 2023," said Rob Roy, Founder and CEO of Switch. "During Q4, we signed a two-megawatt commitment for LAS VEGAS 15, and expect the first sector to be substantially committed to clients upon its scheduled opening in Q2
LAS VEGAS, Jan. 28, 2022 /PRNewswire/ -- Switch, Inc. (NYSE:SWCH) today announced that it will release its fourth quarter and full year 2021 financial results after market close on Thursday, February 24, 2022. The company will conduct its conference call and live webcast for analysts and investors at 5:00 p.m. Eastern Time on that day, hosted by Switch President Thomas Morton and Chief Financial Officer Gabe Nacht. The press release with financial results will be accessible from the company's website prior to the conference call. United States participant dial-in: 844-200-6205
LAS VEGAS, Nov. 4, 2021 /PRNewswire/ -- Switch, Inc. (NYSE:SWCH) ("Switch") today announced financial results for the quarter ended September 30, 2021. "During the third quarter, Switch continued to build on its strong relationships with some of the world's largest enterprises while accelerating capital investment to meet client demand," said Rob Roy, Founder and CEO of Switch. "The strong demand for our differentiated, resilient, and sustainable data centers was once again evident this quarter with the signing of multi-megawatt transactions with new and existing enterprise cu
LAS VEGAS, Oct. 28, 2021 /PRNewswire/ -- Switch, Inc. (NYSE:SWCH) today announced that it will release its third quarter 2021 financial results after market close on Thursday, November 4, 2021. The company will conduct its conference call and live webcast for analysts and investors at 9:00 a.m. Eastern Time on Friday, November 5, 2021, hosted by Switch President Thomas Morton and Chief Financial Officer Gabe Nacht. The news release with financial results will be accessible from the company's website prior to the conference call. United States participant dial-in: 844-200-6205
Wells Fargo downgraded Switch from Overweight to Equal Weight and set a new price target of $31.00 from $28.00 previously
Credit Suisse reiterated coverage of Switch with a rating of Outperform and set a new price target of $28.00 from $31.00 previously
Wells Fargo reiterated coverage of Switch with a rating of Overweight and set a new price target of $30.00 from $28.00 previously
Barclays reiterated coverage of Switch with a rating of Overweight and set a new price target of $30.00 from $28.00 previously
RBC Capital Mkts initiated coverage of Switch with a rating of Outperform and set a new price target of $30.00
Raymond James reiterated coverage of Switch with a rating of Strong Buy and set a new price target of $32.00 from $27.00 previously
Credit Suisse reiterated coverage of Switch with a rating of Outperform and set a new price target of $31.00 from $27.00 previously
Raymond James reiterated coverage of Switch with a rating of Strong Buy and set a new price target of $27.00 from $25.00 previously
Wells Fargo reiterated coverage of Switch with a rating of Overweight and set a new price target of $28.00 from $23.00 previously
Credit Suisse reiterated coverage of Switch with a rating of Outperform and set a new price target of $24.00 from $20.00 previously
JP Morgan analyst Richard Choe maintains Switch (NYSE:SWCH) with a Overweight and raises the price target from $30 to $34.
On Friday, 68 companies reached new 52-week highs. Interesting Facts About Today's 52-Week Lows: Merck & Co (NYSE:MRK) was the largest firm on a market cap basis to set a new 52-week high. Neovasc (NASDAQ:NVCN) was the smallest firm based on market cap to set a new 52-week high. Manchester United (NYSE:MANU) was the biggest gainer, trading up 16.04% to reach its 52-week high. First Horizon (NYSE:FHN) declined the most, as it traded down 0.04% after hitting a new 52-week high. On Friday, the following stocks broke to new 52-week highs: Merck & Co (NYSE:MRK) shares hit a yearly high of $107.45. The stock traded up 0.33% on the session. Automatic Data Processing (NASDAQ:ADP) sha
Initiative will add to LOGIX's connectivity platform that provides fiber to nearly 100 Texas data centers LOGIX Fiber Networks, the largest independent fiber network provider in Texas, today announced its agreement with Switch, Inc. (NYSE:SWCH), the exascale technology infrastructure corporation, to build fiber into its new data center located at the Dell Headquarters in Round Rock, TX which is expected to open in mid-2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221110005118/en/ Initiative will add to LOGIX's connectivity platform that provides fiber to nearly 100 Texas data centers (Graphic: Business Wire) "LOGIX cont
Switch (NYSE:SWCH) reported quarterly losses of $(0.03) per share. This is a 400 percent decrease over earnings of $0.01 per share from the same period last year. The company reported $174.50 million in sales this quarter. This is a 10.37 percent increase over sales of $158.10 million the same period last year.
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Switch (NYSE:SWCH) reported its Q2 earnings results on Monday, August 8, 2022 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Switch missed estimated earnings by 66.67%, reporting an EPS of $0.02 versus an estimate of $0.06. Revenue was up $26.50 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.02 which was followed by a 9.07% increase in the share price the next day. Here's a look at Switch's past performance: Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021 EPS Estimate 0.06 0.04 0.04 0.05 EPS Actual 0.04 0.03 0.01 0.04
Switch (NYSE:SWCH) reported quarterly earnings of $0.02 per share which missed the analyst consensus estimate of $0.06 by 66.67 percent. This is a 50 percent decrease over earnings of $0.04 per share from the same period last year. The company reported quarterly sales of $168.19 million which beat the analyst consensus estimate of $166.52 million by 1.00 percent. This is a 18.70 percent increase over sales of $141.69 million the same period last year.
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Switch (NYSE:SWCH) is set to give its latest quarterly earnings report on Monday, 2022-08-08. Here's what investors need to know before the announcement. Analysts estimate that Switch will report an earnings per share (EPS) of $0.06. Switch bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company missed EPS by $0.02, which was followed by a 9.07% increase in the share price the next d