Why Shares of Switch, Inc. Tumbled Nearly 11% in January [The Motley Fool]
Switch, Inc. Class A (SWCH)
Last switch, inc. class a earnings: 2/27 04:05 pm
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Source: The Motley Fool
An analyst's downgrade soured the stock. Chris Neiger ( TMFNewsie ) Feb 13, 2018 at 11:05AM What happened Shares of Switch, Inc. ( NYSE:SWCH ) fell 10.8% last month, according to data provided by S&P Global Market Intelligence , after an analyst at Cowen issued an underperform rating for the data center infrastructure company. So what Switch is tapping into the growing cloud computing market by renting out its cloud infrastructure to Amazon.com , News Corp. , Intuit , eBay , and more than 800 other companies. That's good news because cloud computing will be worth an estimated $411 billion by 2020. But the bad news for Switch investors is that the company's stock price has been volatile since its IPO in October of last year. Image source: Getty Images. More of that same volatility was evident in January when Cowen analyst
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