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Switch Inc (SWCH) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Switch Inc (SWCH) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Switch Inc is a technology infrastructure company. It is engaged in the design, construction and operation of advanced data centers. Switch Inc has a market cap of $2.51 billion; its shares were traded at around $10.19 with a P/E ratio of 113.22 and P/S ratio of 1.97. The dividend yield of Switch Inc stocks is 0.57%.


For the last quarter Switch Inc reported a revenue of $103.2 million, compared with the revenue of $99.33 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $405.9 million, an increase of 7.3% from last year.

The reported diluted earnings per share was 9 cents for the year, an increase of -104.8% from previous year. The Switch Inc had a decent operating margin of 13.47%, compared with the operating margin of 4.98% a year before. The 10-year historical median operating margin of Switch Inc is 16.04%. The profitability rank of the company is 4 (out of 10).

At the end of the fiscal year, Switch Inc has the cash and cash equivalents of $81.6 million, compared with $264.7 million in the previous year. The long term debt was $600.0 million, compared with $608.0 million in the previous year. The interest coverage to the debt is 2.2, which is not a favorable level. Switch Inc has a financial strength rank of 5 (out of 10).

At the current stock price of $10.19, Switch Inc is traded at 44.3% discount to its historical median P/S valuation band of $18.30. The P/S ratio of the stock is 1.97, while the historical median P/S ratio is 3.51. The stock lost 35.13% during the past 12 months.

For the complete 20-year historical financial data of SWCH, click here.

This article first appeared on GuruFocus.