Somewhat Positive Press Coverage Somewhat Unlikely to Affect Switch (SWCH) Share Price
News articles about Switch (NYSE:SWCH) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Switch earned a news impact score of 0.16 on Accern’s scale. Accern also gave news headlines about the company an impact score of 47.0301607197339 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Analyzing Sigma Designs (SIGM) & Switch (SWCH) (americanbankingnews.com)
- Switch, Inc. (SWCH) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Analyzing Switch (SWCH) & Super Micro Computer (SMCI) (americanbankingnews.com)
- Switch (SWCH) & Super Micro Computer (SMCI) Financial Contrast (americanbankingnews.com)
- Edited Transcript of SWCH.N earnings conference call or presentation 13-Nov-17 11:00pm GMT (finance.yahoo.com)
Shares of Switch (NYSE:SWCH) traded down $0.08 during mid-day trading on Friday, reaching $17.87. The company had a trading volume of 194,165 shares, compared to its average volume of 1,090,913. Switch has a 1-year low of $17.65 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 issued its quarterly earnings data on Monday, November 13th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $97.70 million during the quarter, compared to the consensus estimate of $95.81 million. Switch’s revenue for the quarter was up 19.6% on a year-over-year basis. equities research analysts forecast that Switch will post 0.02 EPS for the current fiscal year.
Several research analysts recently commented on SWCH shares. BTIG Research initiated coverage on Switch in a research note on Tuesday, October 31st. They issued a “buy” rating and a $22.00 price target on the stock. Jefferies Group LLC initiated coverage on Switch in a research note on Tuesday, October 31st. They set a “hold” rating on the stock. Wells Fargo & Company began coverage on Switch in a research note on Tuesday, October 31st. They set a “market perform” rating on the stock. Raymond James Financial, Inc. began coverage on Switch in a research report on Tuesday, October 31st. They set a “market perform” rating on the stock. Finally, Citigroup Inc. began coverage on Switch in a research report on Tuesday, October 31st. They set a “neutral” rating and a $22.00 price target on the stock. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $22.20.
In other news, insider Erin Thomas Morton purchased 300,000 shares of the firm’s stock in a transaction on Wednesday, October 11th. The stock was purchased at an average cost of $17.00 per share, with a total value of $5,100,000.00. The transaction was disclosed in a document filed with the SEC, 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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