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SWCH

Switch

$13.96

-0.11 (-0.78%)

09:36
08/14/18
08/14
09:36
08/14/18
09:36

Switch price target lowered to $14 from $20 at BMO Capital

BMO Capital analyst Tim Long lowers his price target on Switch to $14 after its Q2 earnings miss and reduced FY18 outlook, saying that the lack of visibility is weighing on the stock. Long keeps his Outperform rating however, noting that Switch's total contract value remained "impressive". The analyst also states that its new valuation implies a 15% discount to the Data Center REIT average, which is too low after the company's expectations have been reset.

SWCH Switch
$13.96

-0.11 (-0.78%)

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.
08/14/18
SBSH
08/14/18
NO CHANGE
Target $16
SBSH
Buy
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.
08/14/18
JEFF
08/14/18
NO CHANGE
Target $12
JEFF
Hold
Switch price target lowered to $12 from $15 at Jefferies
Jefferies analyst Scott Goldman lowered his price target for Switch to $12 saying the magnitude of the guidance cut is surprising, and implies virtually no incremental growth in the second half of 2018. The analyst is inclined to believe the outlook is conservative, but adds that "visibility is weak and the track record spotty." He maintains a Hold rating on shares of Switch.

TODAY'S FREE FLY STORIES

RARX

RA Pharmaceuticals

$15.97

-1.61 (-9.16%)

18:41
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  • 12

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HTLF

Heartland Financial

$49.30

-0.24 (-0.48%)

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Heartland Financial announces special cash dividend of 5c »

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ANGI

Angi Homeservices

$16.62

-0.11 (-0.66%)

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Angi Homeservices 1.5M share Spot Secondary priced at $16.40 »

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SPY

SPDR S&P 500 ETF Trust

$264.13

0.04 (0.02%)

, SPX

S&P 500

$0.00

(0.00%)

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Huawei CFO Meng granted bail by Canadian judge, Bloomberg reports »

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$264.13

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BSX

Boston Scientific

$36.55

0.41 (1.13%)

, EW

Edwards Lifesciences

$163.20

1.2 (0.74%)

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BSX

Boston Scientific

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EW

Edwards Lifesciences

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1.2 (0.74%)

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MSFT

Microsoft

$108.67

1.11 (1.03%)

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Microsoft CMO Chris Capossela sells 4K shares of common stock »

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  • 03

    Mar

GLD

SPDR Gold Shares

$117.55

-0.13 (-0.11%)

18:05
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SPDR Gold Shares holdings rise to 763.56MT from 760.32MT »

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SPY

SPDR S&P 500 ETF Trust

$264.13

0.04 (0.02%)

, SPX

S&P 500

$0.00

(0.00%)

18:04
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SIEGY

Siemens

$0.00

(0.00%)

17:56
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Siemens to close Texas turbines facility, dismiss 200 workers, Reuters says »

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CABO

Cable One

$871.98

9.68 (1.12%)

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Cable One to rebrand as Sparklight in the summer of 2019 »

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AJRD

Aerojet Rocketdyne

$35.40

0.02 (0.06%)

17:53
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Aerojet Rocketdyne awarded DARPA contract to design OpFires propulsion system »

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AGNC

AGNC Investment

$17.92

0.045 (0.25%)

17:45
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AGNC Investment reports tangible net book value of $16.76 per share »

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TM

Toyota

$120.40

-0.47 (-0.39%)

, PCRFY

Panasonic

$0.00

(0.00%)

17:40
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17:40
Periodicals
Breaking Periodicals news story on Toyota, Panasonic »

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TM

Toyota

$120.40

-0.47 (-0.39%)

PCRFY

Panasonic

$0.00

(0.00%)

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NDAQ

Nasdaq

$87.28

0.08 (0.09%)

17:37
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Nasdaq acquires Quandl to 'advance' the use of alternative data »

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KL

Kirkland Lake Gold

$24.36

0.58 (2.44%)

17:36
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Kirkland Lake Gold raises dividend to C$0.04 from C$0.03 »

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BSX

Boston Scientific

$36.55

0.41 (1.13%)

, EW

Edwards Lifesciences

$163.20

1.2 (0.74%)

17:26
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Periodicals
Breaking Periodicals news story on Boston Scientific, Edwards Lifesciences »

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BSX

Boston Scientific

$36.55

0.41 (1.13%)

EW

Edwards Lifesciences

$163.20

1.2 (0.74%)

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  • 12

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HUSA

Houston American Energy

$0.22

0.0009 (0.42%)

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Syndicate
Breaking Syndicate news story on Houston American Energy »

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VTVT

vTv Therapeutics

$1.86

0.02 (1.09%)

17:18
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Hot Stocks
vTv Therapeutics initiates restructuring, will cut roughly 65% of workforce »

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GLMD

Galmed

$7.94

-0.445 (-5.31%)

17:18
12/11/18
12/11
17:18
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17:18
Initiation
Galmed initiated  »

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MDGL

Madrigal Pharmaceuticals

$114.69

1.8 (1.59%)

17:17
12/11/18
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17:17
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17:17
Initiation
Madrigal Pharmaceuticals initiated  »

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VKTX

Viking Therapeutics

$9.47

0.01 (0.11%)

17:17
12/11/18
12/11
17:17
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Initiation
Viking Therapeutics initiated  »

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COT

Cott Corp.

$14.68

0.03 (0.20%)

17:14
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Cott approves $50M share repurchase program »

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NEOS

Neos Therapeutics

$2.03

-0.08 (-3.79%)

17:11
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Syndicate
Breaking Syndicate news story on Neos Therapeutics »

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ICPT

Intercept

$104.73

-1.32 (-1.24%)

17:10
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Initiation
Intercept initiated  »

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TOCA

Tocagen

$12.85

0.2 (1.58%)

17:10
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Tocagen files to sell 3M shares of common stock »

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