Switch (SWCH) Receives News Sentiment Score of 0.28

News headlines about Switch (NYSE:SWCH) have been trending positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Switch earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.6185738491102 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have impacted Accern’s rankings:

Several research firms have issued reports on SWCH. Raymond James Financial began coverage on Switch in a research note on Tuesday, October 31st. They issued a “market perform” rating on the stock. BTIG Research began coverage on Switch in a research note on Tuesday, October 31st. They issued a “buy” rating and a $22.00 target price on the stock. William Blair began coverage on Switch in a research note on Tuesday, October 31st. They issued an “outperform” rating on the stock. Credit Suisse Group started coverage on Switch in a research note on Tuesday, October 31st. They issued an “outperform” rating and a $22.00 target price on the stock. Finally, BMO Capital Markets started coverage on Switch in a report on Tuesday, October 31st. They issued an “outperform” rating and a $23.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $21.83.

Shares of Switch (NYSE:SWCH) traded up $0.15 during midday trading on Tuesday, reaching $17.40. The company’s stock had a trading volume of 665,253 shares, compared to its average volume of 1,040,000. The company has a debt-to-equity ratio of 5.18, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a market capitalization of $4,390.00 and a P/E ratio of 124.29. Switch has a fifty-two week low of $15.77 and a fifty-two week high of $24.90.

Switch (NYSE:SWCH) last issued its quarterly earnings results on Monday, November 13th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. The business had revenue of $97.70 million during the quarter, compared to analyst estimates of $95.81 million. Switch’s revenue was up 19.6% compared to the same quarter last year. analysts expect that Switch will post 0.02 EPS for the current year.

The firm also recently declared a special dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were issued a $0.014 dividend. The ex-dividend date was Friday, December 15th. Switch’s dividend payout ratio is presently 7.14%.

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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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