Shares of Switch Inc. Class A (NYSE:SWCH) traded at a new 52-week high today of $27.82. So far today approximately 559,000 shares have been exchanged, as compared to an average 30-day volume of 2 million shares.
Based on a current price of $27.75, Switch Inc. Class A is currently 17.2% above its average consensus analyst price target of $22.98.
Switch Inc. Class A share prices have moved between a 52-week high of $27.82 and a 52-week low of $13.38 and are now trading 107% above that low price at $27.75 per share.
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.
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