Switch Says Not Providing New Guidance Or Affirming Past Guidance Due To Pending Merger Transaction
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Switch Says Not Providing New Guidance Or Affirming Past Guidance Due To Pending Merger Transaction
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| 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 |
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SC 13G/A - Switch, Inc. (0001710583) (Subject)
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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
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 $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
4 - Switch, Inc. (0001710583) (Issuer)
4 - Switch, Inc. (0001710583) (Issuer)
4 - Switch, Inc. (0001710583) (Issuer)
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