Energy News / Shareholders Foundation, Inc.

NYSE:SWCH Shareholder Notice: Investigation over Possible Securities Laws Violations by Switch, Inc

Via: ReleaseWire

Updated 12:15 PM CDT, Wed, April 18,2018

An investigation for investors in Switch, Inc. (NYSE: SWCH) shares over potential securities laws violations by Switch, Inc. was announced.

San Diego, CA -- (SBWIRE) -- 04/18/2018 -- An investigation was announced on behalf of investors of Switch, Inc. (NYSE: SWCH) shares over potential securities laws violations by Switch, Inc.

Investors who purchased shares of Switch, Inc. (NYSE: SWCH), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Switch, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On October 6, 2017, Switch, Inc. sold 31,250,000 million shares of stock in its initial public stock offering (the "IPO"), at $17 a share raising $531,250,000 in new capital.

On April 2, 2018, Switch, Inc. announced its fourth quarter and 2017 financial results. Switch, Inc. reported that its annual Total Revenue rose from $318.35 million in 2016 to $378.27 million in 2017 and that its Net Income of $31.36 million in 2016 turned into a Net loss of $8.58 million in 2017. In addition, Switch, Inc. provided its fully year 2018 guidance.

Shares of Switch, Inc. (NYSE: SWCH) declined to as low as $13.10 per share on April 4, 2018.

Those who purchased shares of Switch, Inc. (NYSE: SWCH) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nyseswch-shareholder-notice-investigation-possible-securities-laws-violations-964732.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com