NASDAQ:VNET VNET Group (VNET) Stock Price, News & Analysis → Top 5 Tech Stocks to Buy for 2024 (From Daily Market Alerts) (Ad) Free VNET Stock Alerts $2.24 -0.04 (-1.75%) (As of 06/7/2024 ET) Add Compare Share Share Today's Range$2.19▼$2.2950-Day Range$1.47▼$2.2852-Week Range$1.39▼$3.88Volume666,090 shsAverage Volume963,928 shsMarket Capitalization$576.58 millionP/E RatioN/ADividend YieldN/APrice Target$2.85 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get VNET Group alerts: Email Address VNET Group MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside27.2% Upside$2.85 Price TargetShort InterestBearish3.48% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.1.88 out of 5 starsComputer And Technology Sector440th out of 573 stocksComputer Programming, Data Processing, & Other Computer Related Industry41st out of 55 stocks 3.3 Analyst's Opinion Consensus RatingVNET Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Amount of Analyst CoverageVNET Group has only been the subject of 1 research reports in the past 90 days.Read more about VNET Group's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.48% of the outstanding shares of VNET Group have been sold short.Short Interest Ratio / Days to CoverVNET Group has a short interest ratio ("days to cover") of 6.6.Change versus previous month Previous Next 0.0 Dividend Strength Dividend YieldVNET Group does not currently pay a dividend.Dividend GrowthVNET Group does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for VNET. Previous Next 2.6 News and Social Media Coverage News SentimentVNET Group has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.80 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 1 news article for VNET Group this week, compared to 3 articles on an average week.Search Interest8 people have searched for VNET on MarketBeat in the last 30 days. This is an increase of 60% compared to the previous 30 days.MarketBeat Follows1 people have added VNET Group to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, VNET Group insiders have not sold or bought any company stock.Percentage Held by Insiders12.10% of the stock of VNET Group is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions72.83% of the stock of VNET Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about VNET Group's insider trading history. Previous Next 0.6 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of VNET Group is -0.85, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of VNET Group is -0.85, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioVNET Group has a P/B Ratio of 0.63. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about VNET Group's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Paradigm PressTime is Running Out - June 25th Deadline Approaching!If you missed out on crypto, this could be your second chance. The AI “wealth window” is opening now, but you must get in now. Don’t delay.See all the details you need here. About VNET Group Stock (NASDAQ:VNET)VNET Group, Inc., an investment holding company, provides hosting and related services in China. It offers managed hosting services consisting of managed retail services, such as colocation services that dedicate data center space to house customers' servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; interconnectivity services that allow customers to connect their servers; value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and backup server services; cloud services that allow customers to run applications over the internet using IT infrastructure; and VPN Services that extend customers' private networks by setting up connections through the public internet. The company also provides server administration services, such as operating system support and assistance with updates, server monitoring, server backup and restoration, server security evaluation, firewall services, and disaster recovery services. It serves information technology and cloud services, communications and social networking, gaming and entertainment, e-commerce, automobile, financial services, and blue-chip and small-to-mid-sized enterprises; government agencies; individuals; and telecommunication carriers. The company was formerly known as 21Vianet Group, Inc. and changed its name to VNET Group, Inc. in October 2021. VNET Group, Inc. was founded in 1999 and is headquartered in Beijing, the People's Republic of China.Read More VNET Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart VNET Stock News HeadlinesJune 1, 2024 | americanbankingnews.comVNET Group (NASDAQ:VNET) Shares Up 10.2%June 1, 2024 | americanbankingnews.comVNET Group (NASDAQ:VNET) Rating Increased to Hold at StockNews.comMay 29, 2024 | prnewswire.comVNET Reports Unaudited First Quarter 2024 Financial ResultsMay 29, 2024 | yahoo.comLocal businesses learn how they can become vendors for NFL DraftMay 28, 2024 | yahoo.comScam suspect in NH may be linked to crimes across countryMay 28, 2024 | yahoo.comWater rescue in the SmokiesMay 28, 2024 | yahoo.comWatch Trump’s Reaction to Being Repeatedly Booed During Libertarian Convention SpeechMay 28, 2024 | msn.com21Vianet Group Q1 Earnings PreviewMay 27, 2024 | finance.yahoo.comVNET Group Inc (217A.SG)May 22, 2024 | msn.comWill customers stomach higher prices from Telstra?May 22, 2024 | prnewswire.comVNET to Announce Unaudited First Quarter 2024 Financial Results on May 29, 2024April 29, 2024 | msn.comBillionaire Geiger said to near $7bn L’Occitane buyoutApril 29, 2024 | uk.finance.yahoo.comBillionaire Geiger Nears $7 Billion L’Occitane Buyout, Sources SayApril 26, 2024 | prnewswire.comVNET Publishes 2023 Environment, Social and Governance ReportApril 26, 2024 | prnewswire.comVNET Files Its Annual Report on Form 20-F for Fiscal Year 2023April 26, 2024 | finance.yahoo.comIs It Time To Consider Buying Vianet Group plc (LON:VNET)?April 24, 2024 | uk.investing.comVNET Group appoints interim CEO after resignationApril 24, 2024 | markets.businessinsider.comDYXnet Expands Network Coverage with New PoPs in Mexico and South KoreaApril 24, 2024 | markets.businessinsider.comVNET Group CEO Jeff Dong Resigns; Names Josh Sheng Chen Interim CEOApril 17, 2024 | markets.businessinsider.comDBS Keeps Their Buy Rating on JD (JD)April 9, 2024 | theglobeandmail.comThree High Yielding Tech Stocks To Buy In 2024April 5, 2024 | msn.comAsian Equities Traded in the US as American Depositary Receipts Nudge Higher in Friday Trading, End Week LowerApril 2, 2024 | msn.comChampionX, Montrose Environmental Group And Other Big Stocks Moving Higher On TuesdayApril 1, 2024 | finance.yahoo.comVNET Group, Inc. (NASDAQ:VNET) Q4 2023 Earnings Call TranscriptMarch 29, 2024 | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: Intel (INTC) and VNET Group, Inc. Sponsored ADR (VNET)See More Headlines Receive VNET Stock News and Ratings via Email Sign-up to receive the latest news and ratings for VNET Group and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings3/27/2024Today6/08/2024Next Earnings (Estimated)8/28/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Computer programming, data processing, & other computer related Sub-IndustryN/A Current SymbolNASDAQ:VNET CUSIPN/A CIK1508475 Webwww.21vianet.com Phone861084562121Fax86-10-8456-4234Employees3,038Year FoundedN/APrice Target and Rating Average Stock Price Target$2.85 High Stock Price Target$3.00 Low Stock Price Target$2.70 Potential Upside/Downside+27.2%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)($2.64) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-372,380,000.00 Net Margins-39.32% Pretax Margin-37.08% Return on Equity-15.69% Return on Assets-3.58% Debt Debt-to-Equity Ratio1.42 Current Ratio0.85 Quick Ratio0.85 Sales & Book Value Annual Sales$1.04 billion Price / Sales0.55 Cash Flow$0.56 per share Price / Cash Flow4.03 Book Value$3.56 per share Price / Book0.63Miscellaneous Outstanding Shares257,400,000Free Float226,253,000Market Cap$576.58 million OptionableOptionable Beta-0.33 20 High-Yield Dividend Stocks that Could Ruin Your RetirementAlmost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.Get This Free Report Key ExecutivesMr. Sheng Chen (Age 55)Co-Founder & Executive Co-Chairman Mr. Jianbiao Zhu (Age 49)Executive Co-Chairman Mr. Jie Dong (Age 46)Chief Executive Officer Mr. Qiyu WangChief Financial OfficerXinyuan LiuDirector of Investor RelationsMr. Wing-Dar Ker (Age 63)Senior Vice President Mr. Shiqi Wang (Age 48)Rotating CEO Member of 21Vianet Group & CEO of Wholesale IDC Business Group Mr. Chenggang Shen (Age 42)Senior VP and GM of East & South China Business Mr. Liang Zhao (Age 48)Senior VP and GM of North China Business Mr. Qihang Liu (Age 52)Senior VP & CEO of VNET Blue Cloud More ExecutivesKey CompetitorsSVMKNASDAQ:SVMKWeiboNASDAQ:WBMagniteNASDAQ:MGNIGrindrNYSE:GRNDGDSNASDAQ:GDSView All CompetitorsInstitutional OwnershipFarallon Capital Management LLCSold 88,375,000 shares on 5/24/2024Ownership: 0.253%Walleye Trading LLCSold 3,900 shares on 5/17/2024Ownership: 0.000%Anson Funds Management LPSold 970,683 shares on 5/14/2024Ownership: 0.095%Maso Capital Partners LtdBought 250,000 shares on 5/10/2024Ownership: 1.249%Headlands Technologies LLCBought 39,050 shares on 5/8/2024Ownership: 0.028%View All Institutional Transactions VNET Stock Analysis - Frequently Asked Questions Should I buy or sell VNET Group stock right now? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for VNET Group in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" VNET shares. View VNET analyst ratings or view top-rated stocks. What is VNET Group's stock price target for 2024? 2 brokers have issued 1 year price objectives for VNET Group's stock. Their VNET share price targets range from $2.70 to $3.00. On average, they expect the company's share price to reach $2.85 in the next year. This suggests a possible upside of 27.2% from the stock's current price. View analysts price targets for VNET or view top-rated stocks among Wall Street analysts. How have VNET shares performed in 2024? VNET Group's stock was trading at $2.87 at the beginning of the year. Since then, VNET shares have decreased by 22.0% and is now trading at $2.24. View the best growth stocks for 2024 here. When is VNET Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 28th 2024. View our VNET earnings forecast. How were VNET Group's earnings last quarter? VNET Group, Inc. (NASDAQ:VNET) released its quarterly earnings data on Wednesday, March, 27th. The information technology services provider reported ($0.51) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by $0.50. The information technology services provider earned $267.40 million during the quarter, compared to analysts' expectations of $289.41 million. VNET Group had a negative trailing twelve-month return on equity of 15.69% and a negative net margin of 39.32%. What ETFs hold VNET Group's stock? ETFs with the largest weight of VNET Group (NASDAQ:VNET) stock in their portfolio include Global X Data Center & Digital Infrastructure ETF (VPN), Global X Cloud Computing ETF (CLOU) and Roundhill IO Digital Infrastructure ETF (BYTE).Invesco Golden Dragon China ETF (PGJ). What guidance has VNET Group issued on next quarter's earnings? VNET Group updated its FY 2024 earnings guidance on Wednesday, May, 29th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion. What other stocks do shareholders of VNET Group own? Based on aggregate information from My MarketBeat watchlists, some companies that other VNET Group investors own include Alibaba Group (BABA), NVIDIA (NVDA), Baidu (BIDU), Micron Technology (MU), ServiceNow (NOW), QUALCOMM (QCOM), Taiwan Semiconductor Manufacturing (TSM), Advanced Micro Devices (AMD), Cisco Systems (CSCO) and Energy Transfer (ET). Who are VNET Group's major shareholders? VNET Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Maso Capital Partners Ltd (1.25%), Mirae Asset Global Investments Co. Ltd. (0.95%), Farallon Capital Management LLC (0.25%), Susquehanna Portfolio Strategies LLC (0.29%), Anson Funds Management LP (0.09%) and Susquehanna Fundamental Investments LLC (0.14%). How do I buy shares of VNET Group? Shares of VNET stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:VNET) was last updated on 6/8/2024 by MarketBeat.com Staff From Our PartnersShocking $16T Elon Musk Crypto LeakReports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto mark...Crypto 101 Media | SponsoredBreaking - The US Gov. Seized CITGODo you want an investment that can double or triple your money in the next three months? 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