An investigation on behalf of investors of Switch, Inc. (NYSE: SWCH) shares over potential securities laws violations by Switch, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Switch, Inc. (NYSE: SWCH) concerning 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.

Las Vegas, NV based Switch, Inc., through its subsidiary, Switch, Ltd., provides colocation space and related services to technology and digital media companies, cloud and managed service providers, financial institutions, government agencies, and telecommunications providers that conduct critical business on the Internet. 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.