Shares of Switch Inc. Class A (NYSE:SWCH) traded today at $27.22, eclipsing its 52-week high. So far today approximately 353,000 shares have been exchanged, as compared to an average 30-day volume of 1.9 million shares.
Switch Inc is a US-based technology infrastructure company. It is engaged in designing, constructing, and operating hyper-scale data centers. The company has developed patented technologies that have redefined data center space and cooling, allowing customers to deploy high-density and scalable IT architectures to support demanding and critical workloads. Switch owns and operates primary campus locations called Primes. These Primes are The Core Campus in Vegas, Nevada; The Citadel Campus near Reno, Nevada; The Pyramid Campus in Grand Rapids, Michigan; and The Keep Campus in Atlanta, Georgia. It generates the majority of its revenue through colocation, which includes the licensing and leasing of cabinet space & power.
Switch Inc. Class A (NYSE:SWCH) defies analysts with a current price ($26.91) 15.6% above its average consensus price target of $22.71.
Over the past year, Switch Inc. Class A has traded in a range of $13.38 to $27.22 and is now at $26.91, 101% above that low.
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