Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Switch (SWCH) Stock Price
Media stories about Switch (NYSE:SWCH) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Switch earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.4182216412438 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Switch (SWCH) traded up $0.20 on Friday, reaching $16.70. 520,984 shares of the company’s stock traded hands, compared to its average volume of 693,616. Switch has a 1-year low of $15.77 and a 1-year high of $24.90. The company has a debt-to-equity ratio of 5.18, a current ratio of 0.34 and a quick ratio of 0.34.
Switch (NYSE:SWCH) last announced its quarterly earnings data on Monday, November 13th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. The firm had revenue of $97.70 million for the quarter, compared to analyst estimates of $95.81 million. The business’s quarterly revenue was up 19.6% compared to the same quarter last year. sell-side analysts anticipate that Switch will post 0.02 earnings per share for the current fiscal year.
SWCH has been the subject of several recent research reports. Goldman Sachs Group initiated coverage on Switch in a research note on Tuesday, October 31st. They issued a “neutral” rating for the company. Jefferies Group initiated coverage on Switch in a research note on Tuesday, October 31st. They issued a “hold” rating for the company. JPMorgan Chase & Co. initiated coverage on Switch in a research note on Tuesday, October 31st. They issued an “overweight” rating and a $22.00 price target for the company. Wells Fargo & Co initiated coverage on Switch in a research note on Tuesday, October 31st. They issued a “market perform” rating for the company. Finally, Citigroup initiated coverage on Switch in a research note on Tuesday, October 31st. They issued a “neutral” rating and a $22.00 price target for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $21.83.
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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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