SWCH - SWCH STOCK NEWS

Switch, Inc. (NYSE: SWCH) released its 2021 Environmental, Social, and Governance (ESG) Report, showcasing its commitment to sustainability and corporate responsibility. Key achievements include achieving a 100% renewable power supply, net zero Scope 1 and Scope 2 carbon emissions, and a strong focus on diversity with 42% ethnic diversity in the workforce. Additionally, Switch received industry accolades including being named one of 'America's Most Responsible Companies' by Newsweek. With a robust governance structure, including independent directors and zero security breaches, Switch continues to enhance its market position.

Switch (NYSE: SWCH) reported strong fourth-quarter and full-year 2021 results, with quarterly revenue of $161.4 million, a 26% increase year-over-year. Excluding Data Foundry, revenue rose 17% to $149.3 million. Adjusted EBITDA reached $85.8 million, a 22% annual growth, while net loss amounted to $18.5 million due to a $35 million litigation charge. The company announced a cash dividend of $0.0525 per share and projected 2022 revenue of $660-$674 million, reflecting 13% growth at the midpoint. Strategic expansions and a strong sales pipeline suggest positive prospects ahead.

Switch (NYSE: SWCH) has announced that its Colocation Services Management Systems, including the Switch Living Data Center, have received HITRUST CSF Certification for information security. This certification signifies that Switch meets rigorous industry standards for managing risk and compliance with regulations. According to Switch President Thomas Morton, this achievement showcases their commitment to protecting sensitive data. The HITRUST CSF Assurance Program is recognized for its thorough quality assurance checks, reinforcing Switch's reputation in the exascale technology sector.

Switch, Inc. (NYSE: SWCH) will release its fourth quarter and full year 2021 financial results on February 24, 2022, after market close. A conference call, hosted by President Thomas Morton and CFO Gabe Nacht, will follow at 5:00 p.m. ET. Investors can access the press release prior to the call via the company's website. Switch specializes in exascale data center ecosystems and innovative telecommunications solutions, focusing on enterprise-class and hybrid cloud offerings.

Switch (NYSE: SWCH) has announced that President Thomas Morton and CFO Gabe Nacht will host virtual meetings and participate in a fireside chat at the Citi 2022 AppsEconomy Conference on January 5, 2021, at 11:00 AM ET. The event aims to discuss the company's growth in exascale data center ecosystems and telecommunications solutions. Investors can access the live webcast and audio replay via Switch's Investor Relations website. Switch is recognized for its innovative approach in the data center industry and operates powerful campuses across the U.S.

Switch (NYSE:SWCH) will host its Investor Day on November 15, 2021, at its Las Vegas headquarters, featuring a live webcast. CEO Rob Roy will share the company's vision and future strategies. The event includes a tour of Switch's Core Campus, led by CIO Missy Young, starting at 10:00 a.m. PT, followed by an afternoon session at 12:00 p.m. PT. Switch aims to promote sustainability and outline its multi-year financial targets. Additional details and registration are available on Switch's investor relations website.

Switch, Inc. (SWCH) reported third-quarter 2021 financial results with revenues of $158.1 million, a rise of 22.8% year-over-year. The company secured significant contracts, including a three-megawatt deal with a Fortune 5 tech firm, which underscores strong demand for its data centers. However, net income fell to a loss of $0.9 million, and Adjusted EBITDA margin decreased to 48.6%. The company adjusted its full-year guidance, expecting revenues between $590 million and $595 million. Additionally, a cash dividend of $0.0525 per share was declared, payable on December 1, 2021.