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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%)

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.
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.
08/13/18
RAJA
08/13/18
DOWNGRADE
RAJA
Market Perform
Switch downgraded to Market Perform from Outperform at Raymond James
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.

TODAY'S FREE FLY STORIES

MU

Micron

$46.49

1.44 (3.20%)

, UMC

UMC

$2.49

-0.015 (-0.60%)

12:41
09/20/18
09/20
12:41
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12:41
Earnings
Fly Intel: What to watch for in Micron's earnings report »

Micron (MU) is scheduled…

MU

Micron

$46.49

1.44 (3.20%)

UMC

UMC

$2.49

-0.015 (-0.60%)

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SWN

Southwestern Energy

$5.61

0.105 (1.91%)

12:40
09/20/18
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12:40
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12:40
Options
Aggressive call buying in Southwest Energy »

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ACAD

Acadia

$15.14

0.03 (0.20%)

12:37
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Hot Stocks
Acadia jumps after FDA finds no new or unexpected safety risks for Nuplazid »

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GOOG

Alphabet

$1,185.51

14.54 (1.24%)

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Alphabet Class A

$1,189.61

14.95 (1.27%)

12:37
09/20/18
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12:37
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12:37
Periodicals
Google tells U.S. lawmakers apps can still scan emails for data, WSJ reports »

Alphabet's Google…

GOOG

Alphabet

$1,185.51

14.54 (1.24%)

GOOGL

Alphabet Class A

$1,189.61

14.95 (1.27%)

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SSNLF

Samsung

$0.00

(0.00%)

12:36
09/20/18
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12:36
Periodicals
Samsung to lower memory chip growth amid looming demand slowdown, Bloomberg says »

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RAD

Rite Aid

$1.33

0.005 (0.38%)

12:28
09/20/18
09/20
12:28
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12:28
Periodicals
Several people dead in shooting at Rite Aid facility in Maryland, NY Times says »

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ACAD

Acadia

$15.14

0.03 (0.20%)

12:27
09/20/18
09/20
12:27
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12:27
Periodicals
Breaking Periodicals news story on Acadia »

FDA finds no new,…

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  • 01

    Oct

ACAD

Acadia

$15.14

0.03 (0.20%)

12:25
09/20/18
09/20
12:25
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12:25
Hot Stocks
Breaking Hot Stocks news story on Acadia »

Acadia jumps 17%, or…

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I

Intelsat

$22.40

0.22 (0.99%)

12:25
09/20/18
09/20
12:25
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12:25
Options
Intelsat call volume above normal and directionally bullish »

Bullish option flow…

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GWRE

Guidewire

$101.75

0.2 (0.20%)

12:25
09/20/18
09/20
12:25
09/20/18
12:25
Conference/Events
Guidewire to host analyst day »

Analyst Day to be held on…

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
09/20/18
09/20
12:17
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12:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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RCI

Rogers Communications

$52.08

0.41 (0.79%)

12:17
09/20/18
09/20
12:17
09/20/18
12:17
Hot Stocks
Rogers, UBC sign multi-year agreement to build 5G hub in Vancouver »

Rogers and the University…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
09/20/18
09/20
12:16
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12:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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BBT

BB&T

$51.56

0.59 (1.16%)

12:10
09/20/18
09/20
12:10
09/20/18
12:10
Conference/Events
BB&T management to meet with Sandler O'Neill »

Meetings to be held in…

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GE

General Electric

$12.45

-0.415 (-3.23%)

, UAA

Under Armour

$19.93

1.175 (6.27%)

12:09
09/20/18
09/20
12:09
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12:09
General news
Fly Intel: Wall Street's top stories at midday »

Stocks opened in positive…

GE

General Electric

$12.45

-0.415 (-3.23%)

UAA

Under Armour

$19.93

1.175 (6.27%)

DIS

Disney

$111.69

1.81 (1.65%)

FOXA

21st Century Fox

$44.71

0.11 (0.25%)

CMCSA

Comcast

$37.54

0.22 (0.59%)

CRBP

Corbus Pharmaceuticals

$6.90

1.75 (33.98%)

FOLD

Amicus

$12.72

0.92 (7.80%)

SFIX

Stitch Fix

$41.40

-5.81 (-12.31%)

THO

Thor Industries

$92.25

-13.47 (-12.74%)

RHT

Red Hat

$134.22

-9.16 (-6.39%)

FOX

21st Century Fox

$44.34

0.09 (0.20%)

CMCSK

Comcast

$0.00

(0.00%)

UA

Under Armour

$18.29

1.01 (5.84%)

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NSANY

Nissan

$0.00

(0.00%)

12:07
09/20/18
09/20
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12:07
Hot Stocks
Nissan recalls over 215,000 vehicles in U.S. for antilock brake pump defect »

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12:05
09/20/18
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General news
Libor has been moving higher »

Libor has been moving…

SKY

Skyline

$28.20

-2.405 (-7.86%)

12:00
09/20/18
09/20
12:00
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12:00
Hot Stocks
Skyline falls -7.9% »

Skyline is down -7.9%, or…

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SSW

Seaspan

$8.05

-1.105 (-12.08%)

12:00
09/20/18
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12:00
Hot Stocks
Seaspan falls -12.2% »

Seaspan is down -12.2%,…

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THO

Thor Industries

$92.17

-13.55 (-12.82%)

12:00
09/20/18
09/20
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12:00
Hot Stocks
Thor Industries falls -12.8% »

Thor Industries is down…

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MTL

Mechel

$3.29

0.335 (11.34%)

12:00
09/20/18
09/20
12:00
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12:00
Hot Stocks
Mechel rises 12.8% »

Mechel is up 12.8%, or…

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NEW

Puxin Limited

$8.51

0.94 (12.42%)

12:00
09/20/18
09/20
12:00
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12:00
Hot Stocks
Puxin Limited rises 13.2% »

Puxin Limited is up…

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MNST

Monster Beverage

$60.26

0.95 (1.60%)

12:00
09/20/18
09/20
12:00
09/20/18
12:00
Options
Monster Beverage option volume is 3X daily average and calls lead puts 10:1 »

Monster Beverage option…

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COE

China Online Education

$7.00

(0.00%)

12:00
09/20/18
09/20
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12:00
Hot Stocks
China Online Education rises 15.9% »

China Online Education is…

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IPOA

Social Capital

$9.88

-0.05 (-0.50%)

11:55
09/20/18
09/20
11:55
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11:55
Hot Stocks
Social Capital's Palihapitiya says no longer accepting new outside capital »

In a Medium post entitled…

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