Switch, Inc. (NYSE:SWCH) provides colocation space and services to technology sector, is expected to report third quarter earnings results, after market close, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.04 per share.
Looking ahead, the full year income are expected at $ 0.14 per share on the revenues of $ 516.47 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 507.00 million ~ $ 521.00 million
Click Here For More Historical Outlooks Of Switch, Inc.
Previous Quarter Performance
Switch, Inc. unveiled income for the second quarter of $ 0.06 per share, from the revenue of $ 126.92 million. Street analysts expected Switch, Inc. to report income of $ 0.06 per share on revenue of $ 127.18 million for the second quarter. The top line results fell short of analysts by $ 0.26 million or 0.2 percent.
Stock Performance
Shares of Switch, Inc. traded up $ 0.46 or 3.17 percent on Wednesday, reaching $ 14.96 with volume of 879.00 thousand shares. Switch, Inc. has traded high as $ 15.08 and has cracked $ 14.72 on the downward trend
The closing price of $ 14.96, representing a 40.78 % increase from the 52 week low of $ 10.30 and a 27.46 % decrease over the 52 week high of $ 19.99.
The company has a market capital of $ 3.60 billion and is part of the Technology sector and Information Technology Services industry.
Recent Analyst recommendations
- On 16th October 2020, maintained by Credit Suisse Group at Outperform rating, with $ 21.00 target price.
Recent Stock Dividend Announcement
On August 6, 2020, the board of directors authorized quarterly dividend of $ 0.05 per share to holders of record as of the close of business on August 18, 2020, with payment date of August 31, 2020 and ex-dividend date on August 17, 2020.
Conference Call
Switch, Inc. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.switch.com
Switch, Inc., through its subsidiary, Switch, Ltd., provides colocation space and related services primarily to technology and digital media companies in the United States. It develops and operates data centers in Nevada and Michigan. The company also serves cloud and managed service providers, financial institutions, IT and software providers, government agencies, network and telecommunications providers, and others that conduct critical business on the Internet.
