Media stories about Switch (NYSE:SWCH) have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Switch earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the company an impact score of 47.2131981715721 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Switch (SWCH) traded up $0.40 during trading hours on Friday, hitting $17.10. The company had a trading volume of 3,960,000 shares, compared to its average volume of 1,070,000. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.18. Switch has a fifty-two week low of $15.77 and a fifty-two week high of $24.90.
Switch (NYSE:SWCH) last posted its quarterly earnings data on Monday, November 13th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.01. The firm had revenue of $97.70 million for the quarter, compared to the consensus estimate of $95.81 million. The company’s revenue was up 19.6% compared to the same quarter last year. research analysts predict that Switch will post 0.02 earnings per share for the current year.
SWCH has been the topic of a number of research analyst reports. BTIG Research initiated coverage on Switch in a research report on Tuesday, October 31st. They set a “buy” rating and a $22.00 price target on the stock. J P Morgan Chase & Co began coverage on Switch in a report on Tuesday, October 31st. They set an “overweight” rating and a $22.00 price objective for the company. BMO Capital Markets began coverage on Switch in a report on Tuesday, October 31st. They set an “outperform” rating and a $23.00 price objective for the company. Jefferies Group began coverage on Switch in a report on Tuesday, October 31st. They set a “hold” rating for the company. Finally, Citigroup began coverage on Switch in a report on Tuesday, October 31st. They set a “neutral” rating and a $22.00 price objective for the company. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $22.20.
In other news, insider Erin Thomas Morton acquired 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The stock was acquired at an average cost of $17.00 per share, for a total transaction of $5,100,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
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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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