Switch’s (NYSE:SWCH) quiet period will end on Wednesday, November 15th. Switch had issued 31,250,000 shares in its initial public offering on October 6th. The total size of the offering was $531,250,000 based on an initial share price of $17.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

SWCH has been the subject of several recent analyst reports. Jefferies Group LLC initiated coverage on shares of Switch in a research report on Tuesday, October 31st. They set a “hold” rating for the company. BTIG Research initiated coverage on shares of Switch in a research report on Tuesday, October 31st. They set a “buy” rating and a $22.00 price objective for the company. William Blair initiated coverage on shares of Switch in a research report on Tuesday, October 31st. They set an “outperform” rating for the company. Credit Suisse Group began coverage on shares of Switch in a research report on Tuesday, October 31st. They set an “outperform” rating and a $22.00 price objective for the company. Finally, Wells Fargo & Company began coverage on shares of Switch in a research report on Tuesday, October 31st. They set a “market perform” rating for the company. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Switch currently has an average rating of “Buy” and a consensus target price of $22.20.

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Switch (SWCH) opened at $18.95 on Tuesday. Switch has a twelve month low of $18.00 and a twelve month high of $24.90.

In other news, insider Erin Thomas Morton purchased 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The stock was bought at an average price of $17.00 per share, for a total transaction of $5,100,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

About Switch

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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