old news can be important! Sept 16 Switch added to Select List at Stifel 09/16/20 SWCH Stifel analyst Erik Rasmussen added Switch to the firm's Select List, arguing that the recent selloff in the stock relative to peers has created a "great way to gain exposure to data centers at a bargain on a relative and absolute basis." The analyst, who thinks Switch has made "remarkable progress on alleviating key investor concerns" since its IPO, sees the company being positioned to capture increased enterprise outsourcing over the longer-term. Rasmussen has a Buy rating and $22 price target on Switch shares.
Switch: Operating in a high-growth market Switch is a technology infrastructure company that designs and develops retail colocation data centers. It provides colocation space to more than 800 clients. Technology companies, digital media businesses, and financial institutions are among its customers. Switch's 2017 IPO got off to a rough start as the company had lost about 75% of its value by the end of 2018. Nonetheless, 2019 marked a comeback. Amid volatility in 2020, it sells for just over $15 per share. In thelatest quarter, revenue grew by about 5% from the same quarter last year. However, net income attributable to Switch rose by around 77%, mainly because of lower expenses.
--Ally Financial price target raised to $45 from $33 at Citi --MongoDB price target raised to $465 from $354 at Citi »
GRANNY'S SHORTS-- A fun place to visit but you wouldn't want to live there... --Palantir cut to sell at Citi ahead of lockup, decelerating growth
Housing is UP in Vegas. People are moving from LA. Work at home leads to play. Vegas locals don't go to the strip. The strip is for large groups of corporate nature, meetings and conferences that do not happen any more. The strip is dirty. People are close together.... Over at Red Rock look at the spacing around the pool area! I see lots of social distancing here and a game room I wish to be in gambling. This is the type of resort that should thrive coming out of the pandemic. It's almost like a vacation and it's just a short ride away.
Wow reading up on Switch and it's epic-- This IPO's in 2017 at $17!!! WTF.... Switch (NYSE: SWCH) Since it was founded in 2000, the company has positioned itself as a leader in innovation, risk mitigation, and economies of scale. One of the ways Switch has differentiated itself from competitors is through its commitment to sustainability andsocial responsibility: We believe that the future progress of humanity depends on the sustainable growth of the Internet. As more people, businesses, governments and devices come online, the need for data centers increases, as does the growing need to power those data centers with renewable energy. Switch's commitment to running its data center campus locations and edge deployments with 100% clean energy. Switch Sustainability Initiative The Switch Sustainability Initiative has driven all Switch data centers in North America to be run by 100% renewable energy. Switch’s issued and pending patent innovations in design, power, cooling and density resulted in significant efficiencies and outstanding annual PUE ratings. In addition to the Uptime Institute’s Tier IV Gold standards, Switch Tech and Switch Design are so advanced they are praised asTier 5®Platinumor Tier “Elite”. Switch meets and exceeds the standards of IEEE, ANSI, ASHRAE, 24/7, ISO 9001, SAS 70/SSAE-16, BICSI, the Green Grid Association and more. Hello Robin Hood, young investors who care about the environment....