View Past PerformanceThis company has been acquiredThe company may no longer be operating, as it has been acquired. Find out why through their latest events.See Latest EventsSwitch バランスシートの健全性財務の健全性 基準チェック /26主要情報183.46%負債資本比率US$1.90b負債インタレスト・カバレッジ・レシオ3.3x現金US$41.25mエクイティUS$1.03b負債合計US$2.27b総資産US$3.30b財務の健全性に関する最新情報更新なしすべての更新を表示Recent updatesMajor Estimate Revision • Nov 16Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$673.2m to US$683.3m. EPS estimate increased from US$1.66 to US$1.88 per share. Net income forecast to shrink 67% next year vs 17% growth forecast for IT industry in the US . Consensus price target reaffirmed at US$33.47. Share price was steady at US$34.10 over the past week.Reported Earnings • Nov 11Third quarter 2022 earnings released: US$0.002 loss per share (vs US$0.003 loss in 3Q 2021)Third quarter 2022 results: US$0.002 loss per share (improved from US$0.003 loss in 3Q 2021). Revenue: US$174.5m (up 10% from 3Q 2021). Net loss: US$257.0k (loss narrowed 30% from 3Q 2021). Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in the US. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.Seeking Alpha • Aug 18Switch declares goes ex-dividend tomorrowSwitch (NYSE:SWCH) declares $0.0525/share quarterly dividend, in line with previous. Forward yield 0.62% Payable Sept. 1; for shareholders of record Aug. 22; ex-div Aug. 19. See SWCH Dividend Scorecard, Yield Chart, & Dividend Growth.Major Estimate Revision • Aug 17Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from US$0.20 to US$1.66. Revenue forecast steady at US$673.9m. Net income forecast to shrink 41% next year vs 14% growth forecast for IT industry in the US . Consensus price target of US$33.23 unchanged from last update. Share price was steady at US$34.00 over the past week.Major Estimate Revision • Aug 16Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from US$0.20 to US$2.01. Revenue forecast steady at US$672.6m. Net income forecast to shrink 41% next year vs 14% growth forecast for IT industry in the US . Consensus price target of US$33.23 unchanged from last update. Share price was steady at US$33.93 over the past week.Upcoming Dividend • Aug 12Upcoming dividend of US$0.052 per shareEligible shareholders must have bought the stock before 19 August 2022. Payment date: 01 September 2022. Payout ratio is a comfortable 8.0% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of American dividend payers (4.0%). Lower than average of industry peers (1.3%).Reported Earnings • Aug 09Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: EPS: US$2.51 (up from US$0.034 in 2Q 2021). Revenue: US$168.2m (up 19% from 2Q 2021). Net income: US$376.8m (up US$372.5m from 2Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2,901%. Over the next year, revenue is forecast to grow 8.3%, compared to a 14% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • May 16Upcoming dividend of US$0.052 per shareEligible shareholders must have bought the stock before 23 May 2022. Payment date: 06 June 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.6%. Lower than top quartile of American dividend payers (4.1%). Lower than average of industry peers (1.4%).Reported Earnings • May 11First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: US$0.087. Revenue: US$164.6m (up 26% from 1Q 2021). Net income: US$12.8m (up 9.9% from 1Q 2021). Profit margin: 7.8% (down from 8.9% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 35%. Over the next year, revenue is forecast to grow 10%, compared to a 15% growth forecast for the industry in the US.Seeking Alpha • Apr 16Switch: Likely To Be Acquired But Not By Digital Realty Or EquinixSwitch is a Las Vegas-based data center play, smaller than the likes of Digital Realty and Equinix, but growing much more rapidly. Some news updates mention that it is open to a takeover bid. Consolidation trends in the data center industry and the change in its corporate status tend to confirm the takeover route. A look at recent deals helps in valuations and it is more likely to be acquired by an infrastructure management company rather than constitute a strategic buy-out by a data center play. Switch is a buy with a 15%-16% upside potential considering that it makes for an appropriate acquisition target.Upcoming Dividend • Mar 03Upcoming dividend of US$0.052 per shareEligible shareholders must have bought the stock before 10 March 2022. Payment date: 22 March 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.8%. Lower than top quartile of American dividend payers (3.7%). Lower than average of industry peers (1.4%).Reported Earnings • Feb 27Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: US$0.04 (down from US$0.15 in FY 2020). Revenue: US$592.0m (up 16% from FY 2020). Net income: US$5.41m (down 65% from FY 2020). Profit margin: 0.9% (down from 3.0% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 76%. Over the next year, revenue is forecast to grow 14%, compared to a 20% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.Seeking Alpha • Jan 27Switch: This Small Data Center Company Doesn't Look That SpecialSwitch says they have superior technology in their data centers, a claim that I investigate in this article. I partnered with another Seeking Alpha writer to consider Switch's valuation and the implications of their upcoming REIT conversion. We can't recommend Switch because we don't see any sustainable competitive advantage that it has over larger competitors.Seeking Alpha • Dec 14Switch Has Superior Data Center GrowthSwitch has proprietary data center designs which make their developments more accretive than usual. This accretion is amplified by a large development pipeline relative to their existing footprint. Switch builds very high-end data centers capable of supplying more power than most current equipment uses.Recent Insider Transactions • Dec 11Chief Construction Officer recently sold US$1.3m worth of stockOn the 9th of December, Teresa Borden sold around 50k shares on-market at roughly US$26.32 per share. In the last 3 months, there was an even bigger sale from another insider worth US$13m. Insiders have been net sellers, collectively disposing of US$353m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Dec 02Founder notifies of intention to sell stockRob Roy intends to sell 400k shares in the next 90 days after lodging an Intent To Sell Form on the 23rd of November. If the sale is conducted around the recent share price of US$26.58, it would amount to US$11m. For the year to December 2020, Rob's total compensation was 13% salary and 87% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2020, Rob's direct individual holding has increased from 208.78k shares to 719.16k. Company insiders have collectively sold US$363m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions Derivative • Nov 20Chief Construction Officer notifies of intention to sell stockTeresa Borden intends to sell 50k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of November. If the sale is conducted around the recent share price of US$26.12, it would amount to US$1.3m. Since December 2020, Teresa's direct individual holding has decreased from 682.47k shares to 517.50k. Company insiders have collectively sold US$361m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Nov 17Insider recently sold US$3.6m worth of stockOn the 12th of November, Michael Borden sold around 150k shares on-market at roughly US$23.93 per share. In the last 3 months, there was an even bigger sale from another insider worth US$13m. Insiders have been net sellers, collectively disposing of US$351m more than they bought in the last 12 months.Upcoming Dividend • Nov 11Upcoming dividend of US$0.052 per shareEligible shareholders must have bought the stock before 18 November 2021. Payment date: 01 December 2021. Trailing yield: 0.9%. Lower than top quartile of American dividend payers (3.4%). Lower than average of industry peers (1.3%).Reported Earnings • Nov 06Third quarter 2021 earnings released: US$0.003 loss per share (vs US$0.048 profit in 3Q 2020)The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$158.1m (up 23% from 3Q 2020). Net loss: US$369.0k (down 107% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Oct 15Insider recently sold US$1.7m worth of stockOn the 12th of October, Stella Roy sold around 68k shares on-market at roughly US$24.58 per share. In the last 3 months, there was an even bigger sale from another insider worth US$5.2m. Insiders have been net sellers, collectively disposing of US$323m more than they bought in the last 12 months.Recent Insider Transactions • Sep 16Insider recently sold US$2.6m worth of stockOn the 13th of September, Michael Borden sold around 100k shares on-market at roughly US$26.10 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$317m more than they bought in the last 12 months.Recent Insider Transactions • Sep 04Insider recently sold US$1.9m worth of stockOn the 1st of September, Michael Borden sold around 75k shares on-market at roughly US$25.04 per share. In the last 3 months, they made an even bigger sale worth US$8.4m. Insiders have been net sellers, collectively disposing of US$328m more than they bought in the last 12 months.Recent Insider Transactions • Aug 27Chief Construction Officer recently sold US$1.5m worth of stockOn the 23rd of August, Teresa Borden sold around 62k shares on-market at roughly US$24.02 per share. In the last 3 months, there was an even bigger sale from another insider worth US$8.4m. Insiders have been net sellers, collectively disposing of US$327m more than they bought in the last 12 months.Recent Insider Transactions • Aug 18Director recently sold US$2.4m worth of stockOn the 12th of August, Thomas Thomas sold around 100k shares on-market at roughly US$24.14 per share. In the last 3 months, there was an even bigger sale from another insider worth US$8.4m. Insiders have been net sellers, collectively disposing of US$325m more than they bought in the last 12 months.Major Estimate Revision • Aug 12Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from US$559.9m to US$594.7m. EPS estimate fell from US$0.24 to US$0.20 per share. Net income forecast to grow 11% next year vs 12% growth forecast for IT industry in the US. Consensus price target up from US$21.92 to US$25.38. Share price rose 19% to US$24.31 over the past week.Upcoming Dividend • Aug 11Upcoming dividend of US$0.052 per shareEligible shareholders must have bought the stock before 18 August 2021. Payment date: 31 August 2021. Trailing yield: 0.9%. Lower than top quartile of American dividend payers (3.5%). Lower than average of industry peers (1.1%).Reported Earnings • Aug 06Second quarter 2021 earnings released: EPS US$0.034 (vs US$0.049 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: US$141.7m (up 12% from 2Q 2020). Net income: US$4.36m (down 14% from 2Q 2020). Profit margin: 3.1% (down from 4.0% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Price Target Changed • Aug 06Price target increased to US$24.85Up from US$21.92, the current price target is an average from 13 analysts. New target price is approximately in line with last closing price of US$24.32. Stock is up 35% over the past year.Recent Insider Transactions Derivative • Jul 25Founder notifies of intention to sell stockRob Roy intends to sell 400k shares in the next 90 days after lodging an Intent To Sell Form on the 20th of July. If the sale is conducted around the recent share price of US$20.97, it would amount to US$8.4m. For the year to December 2020, Rob's total compensation was 13% salary and 87% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2020, Rob's direct individual holding has increased from 208.78k shares to 719.64k. Company insiders have collectively sold US$323m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • May 25Insider recently sold US$3.3m worth of stockOn the 20th of May, Stella Roy sold around 175k shares on-market at roughly US$19.07 per share. In the last 3 months, there was an even bigger sale from another insider worth US$126m. Insiders have been net sellers, collectively disposing of US$294m more than they bought in the last 12 months.Major Estimate Revision • May 18Consensus EPS estimates increase to US$0.25The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from US$549.6m to US$555.2m. EPS estimate increased from US$0.19 to US$0.25 per share. Net income forecast to grow 14% next year vs 16% growth forecast for IT industry in the US. Consensus price target up from US$20.62 to US$21.23. Share price rose 2.8% to US$18.61 over the past week.Upcoming Dividend • May 18Upcoming dividend of US$0.05 per shareEligible shareholders must have bought the stock before 24 May 2021. Payment date: 04 June 2021. Trailing yield: 1.1%. Lower than top quartile of American dividend payers (3.4%). In line with average of industry peers (1.2%).Recent Insider Transactions • May 18Insider recently sold US$126m worth of stockOn the 13th of May, Jeffrey Troesh sold around 7m shares on-market at roughly US$18.00 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$296m more than they bought in the last 12 months.Reported Earnings • May 11First quarter 2021 earnings released: EPS US$0.092 (vs US$0.013 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$130.9m (up 2.2% from 1Q 2020). Net income: US$11.6m (up US$12.9m from 1Q 2020). Profit margin: 8.9% (up from net loss in 1Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions Derivative • May 07President notifies of intention to sell stockErin Morton intends to sell 400k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of May. If the sale is conducted around the recent share price of US$18.10, it would amount to US$7.2m. Since December 2020, Erin's direct individual holding has increased from 392.30k shares to 436.12k. Company insiders have collectively sold US$39m more than they bought, via options and on-market transactions in the last 12 months.Major Estimate Revision • Mar 08Analysts lower EPS estimates to US$0.20The 2021 consensus revenue estimate was lowered from US$572.6m to US$552.3m. Earning per share (EPS) estimate was also lowered from US$0.25 to US$0.20 for the same period. Net income is expected to grow by 94% next year compared to 19% growth forecast for the IT industry in the US. The consensus price target was lowered from US$21.46 to US$20.62. Share price is down by 18% to US$14.15 over the past week.Reported Earnings • Mar 04Full year 2020 earnings released: EPS US$0.15 (vs US$0.12 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$511.5m (up 11% from FY 2019). Net income: US$15.5m (up 74% from FY 2019). Profit margin: 3.0% (up from 1.9% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Mar 04Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 0.7%. Earnings per share (EPS) exceeded analyst estimates by 8.4%. Over the next year, revenue is forecast to grow 8.0%, compared to a 32% growth forecast for the IT industry in the US.Is New 90 Day High Low • Mar 03New 90-day low: US$15.37The company is down 4.0% from its price of US$16.00 on 02 December 2020. The American market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$6.18 per share.Is New 90 Day High Low • Jan 29New 90-day high: US$17.50The company is up 24% from its price of US$14.06 on 30 October 2020. The American market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$9.50 per share.Is New 90 Day High Low • Jan 08New 90-day high: US$16.48The company is up 1.0% from its price of US$16.30 on 09 October 2020. The American market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$9.32 per share.Is New 90 Day High Low • Dec 23New 90-day high: US$16.38The company is up 7.0% from its price of US$15.33 on 23 September 2020. The American market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$8.75 per share.Recent Insider Transactions • Dec 20Insider recently sold US$395k worth of stockOn the 16th of December, Teresa Borden sold around 25k shares on-market at roughly US$15.80 per share. In the last 3 months, there was an even bigger sale from another insider worth US$879k. Insiders have been net sellers, collectively disposing of US$47m more than they bought in the last 12 months.Analyst Estimate Surprise Post Earnings • Nov 07Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 0.3%. Earnings per share (EPS) exceeded analyst estimates by 14%. Over the next year, revenue is forecast to grow 10%, compared to a 20% growth forecast for the IT industry in the US.Reported Earnings • Nov 07Third quarter 2020 earnings released: EPS US$0.048The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$128.8m (up 9.6% from 3Q 2019). Net income: US$5.21m (up 151% from 3Q 2019). Profit margin: 4.0% (up from 1.8% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Oct 29New 90-day low: US$14.66The company is down 19% from its price of US$17.99 on 31 July 2020. The American market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$8.42 per share.財務状況分析短期負債: SWCHの 短期資産 ( $96.9M ) は 短期負債 ( $261.6M ) をカバーしていません。長期負債: SWCHの短期資産 ( $96.9M ) は 長期負債 ( $2.0B ) をカバーしていません。デット・ツー・エクイティの歴史と分析負債レベル: SWCHの 純負債対資本比率 ( 179.5% ) は 高い と見なされます。負債の削減: SWCHの負債対資本比率は、過去 5 年間で488.9%から183.5%に減少しました。債務返済能力: SWCHの負債は 営業キャッシュフロー によって 十分にカバーされていません ( 14.3% )。インタレストカバレッジ: SWCHの負債に対する 利息支払い は EBIT ( 3.3 x coverage) によって 十分にカバーされています。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YSoftware 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2022/12/06 11:32終値2022/12/05 00:00収益2022/09/30年間収益2021/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Switch, Inc. 10 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。18 アナリスト機関Brendan LynchBarclaysTimothy LongBarclaysNathan CrossettBerenberg15 その他のアナリストを表示
Major Estimate Revision • Nov 16Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$673.2m to US$683.3m. EPS estimate increased from US$1.66 to US$1.88 per share. Net income forecast to shrink 67% next year vs 17% growth forecast for IT industry in the US . Consensus price target reaffirmed at US$33.47. Share price was steady at US$34.10 over the past week.
Reported Earnings • Nov 11Third quarter 2022 earnings released: US$0.002 loss per share (vs US$0.003 loss in 3Q 2021)Third quarter 2022 results: US$0.002 loss per share (improved from US$0.003 loss in 3Q 2021). Revenue: US$174.5m (up 10% from 3Q 2021). Net loss: US$257.0k (loss narrowed 30% from 3Q 2021). Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in the US. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
Seeking Alpha • Aug 18Switch declares goes ex-dividend tomorrowSwitch (NYSE:SWCH) declares $0.0525/share quarterly dividend, in line with previous. Forward yield 0.62% Payable Sept. 1; for shareholders of record Aug. 22; ex-div Aug. 19. See SWCH Dividend Scorecard, Yield Chart, & Dividend Growth.
Major Estimate Revision • Aug 17Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from US$0.20 to US$1.66. Revenue forecast steady at US$673.9m. Net income forecast to shrink 41% next year vs 14% growth forecast for IT industry in the US . Consensus price target of US$33.23 unchanged from last update. Share price was steady at US$34.00 over the past week.
Major Estimate Revision • Aug 16Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from US$0.20 to US$2.01. Revenue forecast steady at US$672.6m. Net income forecast to shrink 41% next year vs 14% growth forecast for IT industry in the US . Consensus price target of US$33.23 unchanged from last update. Share price was steady at US$33.93 over the past week.
Upcoming Dividend • Aug 12Upcoming dividend of US$0.052 per shareEligible shareholders must have bought the stock before 19 August 2022. Payment date: 01 September 2022. Payout ratio is a comfortable 8.0% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of American dividend payers (4.0%). Lower than average of industry peers (1.3%).
Reported Earnings • Aug 09Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: EPS: US$2.51 (up from US$0.034 in 2Q 2021). Revenue: US$168.2m (up 19% from 2Q 2021). Net income: US$376.8m (up US$372.5m from 2Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2,901%. Over the next year, revenue is forecast to grow 8.3%, compared to a 14% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • May 16Upcoming dividend of US$0.052 per shareEligible shareholders must have bought the stock before 23 May 2022. Payment date: 06 June 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.6%. Lower than top quartile of American dividend payers (4.1%). Lower than average of industry peers (1.4%).
Reported Earnings • May 11First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: US$0.087. Revenue: US$164.6m (up 26% from 1Q 2021). Net income: US$12.8m (up 9.9% from 1Q 2021). Profit margin: 7.8% (down from 8.9% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 35%. Over the next year, revenue is forecast to grow 10%, compared to a 15% growth forecast for the industry in the US.
Seeking Alpha • Apr 16Switch: Likely To Be Acquired But Not By Digital Realty Or EquinixSwitch is a Las Vegas-based data center play, smaller than the likes of Digital Realty and Equinix, but growing much more rapidly. Some news updates mention that it is open to a takeover bid. Consolidation trends in the data center industry and the change in its corporate status tend to confirm the takeover route. A look at recent deals helps in valuations and it is more likely to be acquired by an infrastructure management company rather than constitute a strategic buy-out by a data center play. Switch is a buy with a 15%-16% upside potential considering that it makes for an appropriate acquisition target.
Upcoming Dividend • Mar 03Upcoming dividend of US$0.052 per shareEligible shareholders must have bought the stock before 10 March 2022. Payment date: 22 March 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.8%. Lower than top quartile of American dividend payers (3.7%). Lower than average of industry peers (1.4%).
Reported Earnings • Feb 27Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: US$0.04 (down from US$0.15 in FY 2020). Revenue: US$592.0m (up 16% from FY 2020). Net income: US$5.41m (down 65% from FY 2020). Profit margin: 0.9% (down from 3.0% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 76%. Over the next year, revenue is forecast to grow 14%, compared to a 20% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.
Seeking Alpha • Jan 27Switch: This Small Data Center Company Doesn't Look That SpecialSwitch says they have superior technology in their data centers, a claim that I investigate in this article. I partnered with another Seeking Alpha writer to consider Switch's valuation and the implications of their upcoming REIT conversion. We can't recommend Switch because we don't see any sustainable competitive advantage that it has over larger competitors.
Seeking Alpha • Dec 14Switch Has Superior Data Center GrowthSwitch has proprietary data center designs which make their developments more accretive than usual. This accretion is amplified by a large development pipeline relative to their existing footprint. Switch builds very high-end data centers capable of supplying more power than most current equipment uses.
Recent Insider Transactions • Dec 11Chief Construction Officer recently sold US$1.3m worth of stockOn the 9th of December, Teresa Borden sold around 50k shares on-market at roughly US$26.32 per share. In the last 3 months, there was an even bigger sale from another insider worth US$13m. Insiders have been net sellers, collectively disposing of US$353m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Dec 02Founder notifies of intention to sell stockRob Roy intends to sell 400k shares in the next 90 days after lodging an Intent To Sell Form on the 23rd of November. If the sale is conducted around the recent share price of US$26.58, it would amount to US$11m. For the year to December 2020, Rob's total compensation was 13% salary and 87% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2020, Rob's direct individual holding has increased from 208.78k shares to 719.16k. Company insiders have collectively sold US$363m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions Derivative • Nov 20Chief Construction Officer notifies of intention to sell stockTeresa Borden intends to sell 50k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of November. If the sale is conducted around the recent share price of US$26.12, it would amount to US$1.3m. Since December 2020, Teresa's direct individual holding has decreased from 682.47k shares to 517.50k. Company insiders have collectively sold US$361m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Nov 17Insider recently sold US$3.6m worth of stockOn the 12th of November, Michael Borden sold around 150k shares on-market at roughly US$23.93 per share. In the last 3 months, there was an even bigger sale from another insider worth US$13m. Insiders have been net sellers, collectively disposing of US$351m more than they bought in the last 12 months.
Upcoming Dividend • Nov 11Upcoming dividend of US$0.052 per shareEligible shareholders must have bought the stock before 18 November 2021. Payment date: 01 December 2021. Trailing yield: 0.9%. Lower than top quartile of American dividend payers (3.4%). Lower than average of industry peers (1.3%).
Reported Earnings • Nov 06Third quarter 2021 earnings released: US$0.003 loss per share (vs US$0.048 profit in 3Q 2020)The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$158.1m (up 23% from 3Q 2020). Net loss: US$369.0k (down 107% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Oct 15Insider recently sold US$1.7m worth of stockOn the 12th of October, Stella Roy sold around 68k shares on-market at roughly US$24.58 per share. In the last 3 months, there was an even bigger sale from another insider worth US$5.2m. Insiders have been net sellers, collectively disposing of US$323m more than they bought in the last 12 months.
Recent Insider Transactions • Sep 16Insider recently sold US$2.6m worth of stockOn the 13th of September, Michael Borden sold around 100k shares on-market at roughly US$26.10 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$317m more than they bought in the last 12 months.
Recent Insider Transactions • Sep 04Insider recently sold US$1.9m worth of stockOn the 1st of September, Michael Borden sold around 75k shares on-market at roughly US$25.04 per share. In the last 3 months, they made an even bigger sale worth US$8.4m. Insiders have been net sellers, collectively disposing of US$328m more than they bought in the last 12 months.
Recent Insider Transactions • Aug 27Chief Construction Officer recently sold US$1.5m worth of stockOn the 23rd of August, Teresa Borden sold around 62k shares on-market at roughly US$24.02 per share. In the last 3 months, there was an even bigger sale from another insider worth US$8.4m. Insiders have been net sellers, collectively disposing of US$327m more than they bought in the last 12 months.
Recent Insider Transactions • Aug 18Director recently sold US$2.4m worth of stockOn the 12th of August, Thomas Thomas sold around 100k shares on-market at roughly US$24.14 per share. In the last 3 months, there was an even bigger sale from another insider worth US$8.4m. Insiders have been net sellers, collectively disposing of US$325m more than they bought in the last 12 months.
Major Estimate Revision • Aug 12Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from US$559.9m to US$594.7m. EPS estimate fell from US$0.24 to US$0.20 per share. Net income forecast to grow 11% next year vs 12% growth forecast for IT industry in the US. Consensus price target up from US$21.92 to US$25.38. Share price rose 19% to US$24.31 over the past week.
Upcoming Dividend • Aug 11Upcoming dividend of US$0.052 per shareEligible shareholders must have bought the stock before 18 August 2021. Payment date: 31 August 2021. Trailing yield: 0.9%. Lower than top quartile of American dividend payers (3.5%). Lower than average of industry peers (1.1%).
Reported Earnings • Aug 06Second quarter 2021 earnings released: EPS US$0.034 (vs US$0.049 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: US$141.7m (up 12% from 2Q 2020). Net income: US$4.36m (down 14% from 2Q 2020). Profit margin: 3.1% (down from 4.0% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Aug 06Price target increased to US$24.85Up from US$21.92, the current price target is an average from 13 analysts. New target price is approximately in line with last closing price of US$24.32. Stock is up 35% over the past year.
Recent Insider Transactions Derivative • Jul 25Founder notifies of intention to sell stockRob Roy intends to sell 400k shares in the next 90 days after lodging an Intent To Sell Form on the 20th of July. If the sale is conducted around the recent share price of US$20.97, it would amount to US$8.4m. For the year to December 2020, Rob's total compensation was 13% salary and 87% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2020, Rob's direct individual holding has increased from 208.78k shares to 719.64k. Company insiders have collectively sold US$323m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • May 25Insider recently sold US$3.3m worth of stockOn the 20th of May, Stella Roy sold around 175k shares on-market at roughly US$19.07 per share. In the last 3 months, there was an even bigger sale from another insider worth US$126m. Insiders have been net sellers, collectively disposing of US$294m more than they bought in the last 12 months.
Major Estimate Revision • May 18Consensus EPS estimates increase to US$0.25The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from US$549.6m to US$555.2m. EPS estimate increased from US$0.19 to US$0.25 per share. Net income forecast to grow 14% next year vs 16% growth forecast for IT industry in the US. Consensus price target up from US$20.62 to US$21.23. Share price rose 2.8% to US$18.61 over the past week.
Upcoming Dividend • May 18Upcoming dividend of US$0.05 per shareEligible shareholders must have bought the stock before 24 May 2021. Payment date: 04 June 2021. Trailing yield: 1.1%. Lower than top quartile of American dividend payers (3.4%). In line with average of industry peers (1.2%).
Recent Insider Transactions • May 18Insider recently sold US$126m worth of stockOn the 13th of May, Jeffrey Troesh sold around 7m shares on-market at roughly US$18.00 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$296m more than they bought in the last 12 months.
Reported Earnings • May 11First quarter 2021 earnings released: EPS US$0.092 (vs US$0.013 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$130.9m (up 2.2% from 1Q 2020). Net income: US$11.6m (up US$12.9m from 1Q 2020). Profit margin: 8.9% (up from net loss in 1Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions Derivative • May 07President notifies of intention to sell stockErin Morton intends to sell 400k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of May. If the sale is conducted around the recent share price of US$18.10, it would amount to US$7.2m. Since December 2020, Erin's direct individual holding has increased from 392.30k shares to 436.12k. Company insiders have collectively sold US$39m more than they bought, via options and on-market transactions in the last 12 months.
Major Estimate Revision • Mar 08Analysts lower EPS estimates to US$0.20The 2021 consensus revenue estimate was lowered from US$572.6m to US$552.3m. Earning per share (EPS) estimate was also lowered from US$0.25 to US$0.20 for the same period. Net income is expected to grow by 94% next year compared to 19% growth forecast for the IT industry in the US. The consensus price target was lowered from US$21.46 to US$20.62. Share price is down by 18% to US$14.15 over the past week.
Reported Earnings • Mar 04Full year 2020 earnings released: EPS US$0.15 (vs US$0.12 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$511.5m (up 11% from FY 2019). Net income: US$15.5m (up 74% from FY 2019). Profit margin: 3.0% (up from 1.9% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Mar 04Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 0.7%. Earnings per share (EPS) exceeded analyst estimates by 8.4%. Over the next year, revenue is forecast to grow 8.0%, compared to a 32% growth forecast for the IT industry in the US.
Is New 90 Day High Low • Mar 03New 90-day low: US$15.37The company is down 4.0% from its price of US$16.00 on 02 December 2020. The American market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$6.18 per share.
Is New 90 Day High Low • Jan 29New 90-day high: US$17.50The company is up 24% from its price of US$14.06 on 30 October 2020. The American market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$9.50 per share.
Is New 90 Day High Low • Jan 08New 90-day high: US$16.48The company is up 1.0% from its price of US$16.30 on 09 October 2020. The American market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$9.32 per share.
Is New 90 Day High Low • Dec 23New 90-day high: US$16.38The company is up 7.0% from its price of US$15.33 on 23 September 2020. The American market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$8.75 per share.
Recent Insider Transactions • Dec 20Insider recently sold US$395k worth of stockOn the 16th of December, Teresa Borden sold around 25k shares on-market at roughly US$15.80 per share. In the last 3 months, there was an even bigger sale from another insider worth US$879k. Insiders have been net sellers, collectively disposing of US$47m more than they bought in the last 12 months.
Analyst Estimate Surprise Post Earnings • Nov 07Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 0.3%. Earnings per share (EPS) exceeded analyst estimates by 14%. Over the next year, revenue is forecast to grow 10%, compared to a 20% growth forecast for the IT industry in the US.
Reported Earnings • Nov 07Third quarter 2020 earnings released: EPS US$0.048The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$128.8m (up 9.6% from 3Q 2019). Net income: US$5.21m (up 151% from 3Q 2019). Profit margin: 4.0% (up from 1.8% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Oct 29New 90-day low: US$14.66The company is down 19% from its price of US$17.99 on 31 July 2020. The American market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$8.42 per share.