Switch Inc (SWCH) Forecasted to Earn Q3 2017 Earnings of $0.07 Per Share
Switch Inc (NASDAQ:SWCH) – Research analysts at Jefferies Group issued their Q3 2017 earnings per share (EPS) estimates for Switch in a research report issued on Tuesday. Jefferies Group analyst S. Goldman expects that the company will post earnings per share of $0.07 for the quarter. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for Switch’s Q4 2017 earnings at ($0.21) EPS, FY2017 earnings at ($0.01) EPS, FY2018 earnings at $0.21 EPS and FY2019 earnings at $0.28 EPS.
Other equities analysts have also issued research reports about the stock. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Switch in a research report on Tuesday. They set a “neutral” rating for the company. J P Morgan Chase & Co assumed coverage on shares of Switch in a research report on Tuesday. They set an “overweight” rating and a $22.00 price target for the company. Wells Fargo & Company assumed coverage on shares of Switch in a research report on Tuesday. They set a “market perform” rating for the company. William Blair assumed coverage on shares of Switch in a research report on Tuesday. They set an “outperform” rating for the company. Finally, Credit Suisse Group assumed coverage on shares of Switch in a research report on Tuesday. They set an “outperform” rating and a $22.00 price target for the company. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Switch presently has an average rating of “Buy” and a consensus price target of $22.20.
Switch (NASDAQ SWCH) opened at $18.22 on Thursday.
In other Switch news, insider Erin Thomas Morton bought 300,000 shares of the business’s stock in a transaction on Wednesday, October 11th. The stock was purchased at an average price of $17.00 per share, for a total transaction of $5,100,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
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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