Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Switch Stock Soared 13% in May

TheMotleyFool

0 0

Shares of data center operator Switch (NYSE: SWCH) jumped 13% in May, according to data provided by S&P Global Market Intelligence. While the company reported strong first-quarter results last month, the big driver was its agreement to a buyout transaction with two infrastructure investors.

First-quarter results, reported in early May, showed $164.6 million in revenue, up 26% from the year-ago quarter. That's due to the recent acquisition of Data Foundry and strong organic growth as customers secure more capacity in its data centers.

Image source: Getty Images.

Source Fool.com

Like: 0

SWCH

Share