Press coverage about Switch (NYSE:SWCH) has trended somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Switch earned a media sentiment score of 1.17 on their scale. InfoTrie also assigned news articles about the company an news buzz score of 3 out of 10, meaning that recent media coverage is unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the headlines that may have effected Switch’s analysis:

Shares of Switch stock opened at $10.76 on Thursday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.85. Switch has a 1-year low of $6.39 and a 1-year high of $16.04. The firm has a market capitalization of $2.66 billion, a PE ratio of 119.50, a PEG ratio of 5.31 and a beta of 1.05.

Switch (NYSE:SWCH) last announced its earnings results on Tuesday, March 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. Switch had a net margin of 1.00% and a return on equity of 0.56%. The business had revenue of $103.21 million for the quarter, compared to analyst estimates of $104.36 million. As a group, analysts anticipate that Switch will post 0.17 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Monday, March 25th were given a dividend of $0.0294 per share. The ex-dividend date was Friday, March 22nd. This represents a $0.12 dividend on an annualized basis and a yield of 1.09%. This is a positive change from Switch’s previous quarterly dividend of $0.01. Switch’s payout ratio is 133.33%.

SWCH has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Switch from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Wednesday. BMO Capital Markets restated a “buy” rating and issued a $10.50 price objective on shares of Switch in a research note on Tuesday, March 12th. Finally, Berenberg Bank initiated coverage on shares of Switch in a research note on Tuesday, January 8th. They issued a “buy” rating and a $11.00 price objective for the company. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $13.82.

In related news, Director Donald D. Snyder sold 300,000 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $10.42, for a total transaction of $3,126,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 12.64% of the company’s stock.

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Switch Company Profile

Switch, Inc, through its subsidiary, Switch, Ltd., provides colocation space and related services primarily to technology and digital media companies in the United States. It develops and operates data centers in Nevada and Michigan. The company also serves cloud and managed service providers, financial institutions, IT and software providers, government agencies, network and telecommunications providers, and others that conduct critical business on the Internet.

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Insider Buying and Selling by Quarter for Switch (NYSE:SWCH)

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