Jefferies Group LLC Begins Coverage on Switch, Inc. (NASDAQ:SWCH)

Equities researchers at Jefferies Group LLC assumed coverage on shares of Switch, Inc. (NYSE:SWCH) in a report issued on Tuesday, October 31st, MarketBeat Ratings reports. The firm set a “hold” rating on the stock.

Separately, Goldman Sachs Group, Inc. (The) began coverage on shares of Switch in a report on Tuesday, October 31st. They set a “neutral” rating on the stock. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Switch presently has an average rating of “Buy” and an average price target of $22.20.

Switch (SWCH) traded down $0.53 during trading hours on Tuesday, hitting $18.44. 911,847 shares of the company were exchanged, compared to its average volume of 1,136,360. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.18. Switch has a 52 week low of $18.00 and a 52 week high of $24.90.

Switch (NYSE:SWCH) last issued its earnings results on Monday, November 13th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $97.70 million for 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. sell-side analysts expect that Switch will post 0.02 EPS for the current year.

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In other news, insider Erin Thomas Morton purchased 300,000 shares of Switch stock in a transaction dated Wednesday, October 11th. The stock was purchased at an average cost of $17.00 per share, for a total transaction of $5,100,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

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.

Analyst Recommendations for Switch (NYSE:SWCH)

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