Equities Analysts Issue Forecasts for Switch Inc’s Q3 2017 Earnings (SWCH)
Switch Inc (NASDAQ:SWCH) – Stock analysts at William Blair issued their Q3 2017 earnings per share (EPS) estimates for Switch in a research note issued to investors on Tuesday. William Blair analyst J. Breen anticipates that the company will post earnings per share of $0.07 for the quarter. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Switch’s Q4 2017 earnings at ($0.21) EPS, FY2017 earnings at $0.04 EPS and FY2018 earnings at $0.21 EPS.
Several other research firms have also recently issued reports on SWCH. Jefferies Group LLC initiated coverage on shares of Switch in a report on Tuesday. They issued a “hold” rating on the stock. BTIG Research initiated coverage on shares of Switch in a report on Tuesday. They issued a “buy” rating and a $22.00 price target on the stock. Credit Suisse Group initiated coverage on shares of Switch in a report on Tuesday. They issued an “outperform” rating and a $22.00 price target on the stock. Wells Fargo & Company initiated coverage on shares of Switch in a report on Tuesday. They issued a “market perform” rating on the stock. Finally, BMO Capital Markets initiated coverage on shares of Switch in a report on Tuesday. They issued an “outperform” rating and a $23.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $22.20.
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In other Switch news, insider Erin Thomas Morton bought 300,000 shares of the company’s stock in a transaction on Wednesday, October 11th. The shares were bought at an average cost of $17.00 per share, with a total value of $5,100,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
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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