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SWCH

Switch

$13.96

-0.11 (-0.78%)

07:32
08/14/18
08/14
07:32
08/14/18
07:32

Switch Buy thesis 'mostly intact' after guide-down, says Citi

Citi analyst Michael Rollins keeps a Buy rating on Switch after the company reduced its 2018 guidance on lengthening sales and install cycles. The analyst believes his thesis is still "mostly intact" given the "underlying value of the core campus" and Switch's financial flexibility to improve shareholder returns. The analyst has a $16 price target for the shares.

SWCH Switch
$13.96

-0.11 (-0.78%)

07/19/18
SBSH
07/19/18
UPGRADE
Target $16
SBSH
Buy
Switch upgraded to Buy from Neutral at Citi
Citi analyst Michael Rollins upgraded Switch to Buy with an unchanged price target of $16. The analyst sees a more favorable risk/reward at current share levels given the underlying value of the company's core campus and its opportunities to improve growth from new market development. The analyst believes the value of Switch's Core Campus is underappreciated before considering future growth opportunities from expansion markets as well as additional growth opportunities within the Las Vegas market itself.
08/13/18
RAJA
08/13/18
DOWNGRADE
RAJA
Market Perform
Switch downgraded to Market Perform from Outperform at Raymond James
08/14/18
JPMS
08/14/18
DOWNGRADE
Target $13
JPMS
Neutral
Switch downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Richard Choe downgraded Switch to Neutral and lowered his price target for the shares to $13 from $17. The analyst cites slower revenue growth and lower margins after the company missed expectations in Q2 and reduced its outlook for fiscal 2018.
08/14/18
BTIG
08/14/18
DOWNGRADE
BTIG
Neutral
Switch downgraded to Neutral from Buy at BTIG
BTIG analyst Edward Parker downgraded Switch to Neutral after its Q2 earnings miss and reduced FY18 guidance attributed to the timing of several large deals closing later than expected. The analyst notes that while the management cites customers taking more time to evaluate the design of their hybrid cloud infrastructure in making the decision to upgrade, he is "unclear" on why the upgrade to the "elite hybrid offering" is necessary from Switch's existing offerings, even though he maintains his view that the company provides "differentiated technology". Longer term, Parker states that Switch stock needs to "find a floor" and for the company to deliver more consistent results to regain investor confidence.

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NEE

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NBIX

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TSLA

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LULU

Lululemon

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UAA

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AIMT

Aimmune

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EBAY

eBay

$29.05

0.07 (0.24%)

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eBay rating change  »

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AAPL

Apple

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CORT

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DCO

Ducommun

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HSDT

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ITCI

Intra-Cellular

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MNGPY

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ONCY

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UNIT

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LII

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