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QQQ   354.84 (-0.02%)
AAPL   179.21 (-0.21%)
MSFT   333.68 (-0.67%)
META   271.12 (-0.10%)
GOOGL   127.31 (+1.03%)
AMZN   126.61 (+1.05%)
TSLA   221.31 (+1.70%)
NVDA   386.54 (-1.32%)
NIO   7.87 (+2.61%)
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AMD   124.23 (+5.34%)
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QQQ   354.84 (-0.02%)
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MSFT   333.68 (-0.67%)
META   271.12 (-0.10%)
GOOGL   127.31 (+1.03%)
AMZN   126.61 (+1.05%)
TSLA   221.31 (+1.70%)
NVDA   386.54 (-1.32%)
NIO   7.87 (+2.61%)
BABA   86.69 (+2.71%)
AMD   124.23 (+5.34%)
T   15.66 (+1.75%)
F   12.93 (+2.70%)
MU   67.54 (-0.34%)
CGC   0.74 (-5.13%)
GE   105.46 (+1.31%)
DIS   92.16 (+1.27%)
AMC   4.64 (+0.22%)
PFE   38.37 (-0.72%)
PYPL   65.02 (+0.79%)
NFLX   399.29 (-1.05%)
NASDAQ:VNET

VNET Group (VNET) Stock Forecast, Price & News

$3.01
+0.13 (+4.51%)
(As of 06/6/2023 ET)
Compare
Today's Range
$2.84
$3.01
50-Day Range
$2.54
$4.14
52-Week Range
$2.53
$6.83
Volume
937,866 shs
Average Volume
1.91 million shs
Market Capitalization
$445.70 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.90

VNET Group MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
96.0% Upside
$5.90 Price Target
Short Interest
Healthy
3.90% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.16) to ($0.10) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.04 out of 5 stars

Computer And Technology Sector

337th out of 606 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

27th out of 59 stocks


VNET stock logo

About VNET Group (NASDAQ:VNET) Stock

VNET Group, Inc. is a holding company, which engages in the provision of carrier-neutral internet data center services. Its services include interconnectivity, colocation or data center managed hosting services, and cloud services. The company was founded by Sheng Chen and Jun Zhang on October 16, 1999 and is headquartered in Beijing, China.

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VNET Stock News Headlines

StockNews.com Upgrades VNET Group (NASDAQ:VNET) to "Hold"
VNET - VNET Group, Inc.
[BREAKING] New "Living Software" to Revolutionize Warfare
This breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>
[BREAKING] New "Living Software" to Revolutionize Warfare
This breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>
VNET Group (NASDAQ:VNET) Trading Down 4.4%
VNET Group Sees Unusually Large Options Volume (NASDAQ:VNET)
Dow Up 150 Points; Gold Jumps Over 2%
VNET Group (NASDAQ:VNET) Cut to Neutral at Nomura
21Vianet Group Q4 Earnings Preview
A Preview Of VNET Group's Earnings
See More Headlines

VNET Price History

VNET Company Calendar

Last Earnings
3/21/2023
Today
6/06/2023
Next Earnings (Estimated)
8/29/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Current Symbol
NASDAQ:VNET
Employees
3,293
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$5.90
High Stock Price Forecast
$5.90
Low Stock Price Forecast
$5.90
Forecasted Upside/Downside
+96.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$-112,500,000.00
Pretax Margin
-8.73%

Debt

Sales & Book Value

Annual Sales
$7.23 billion
Cash Flow
$0.84 per share
Book Value
$6.84 per share

Miscellaneous

Free Float
130,157,000
Market Cap
$445.70 million
Optionable
Optionable
Beta
-0.23

Key Executives

  • Jeff Dong
    President & Chief Executive Officer
  • Tim Chen
    Chief Financial Officer
  • Shi Qi Wang
    CEO-Wholesale IDC Business Group
  • Xin Yuan Liu
    Head-Investors Relations













VNET Stock - 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 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" VNET shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VNET, but not buy additional shares or sell existing shares.
View VNET analyst ratings
or view top-rated stocks.

What is VNET Group's stock price forecast for 2023?

2 equities research analysts have issued twelve-month price targets for VNET Group's shares. Their VNET share price forecasts range from $5.90 to $5.90. On average, they anticipate the company's share price to reach $5.90 in the next year. This suggests a possible upside of 96.0% 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 2023?

VNET Group's stock was trading at $5.67 at the beginning of 2023. Since then, VNET shares have decreased by 46.9% and is now trading at $3.01.
View the best growth stocks for 2023 here
.

When is VNET Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 29th 2023.
View our VNET earnings forecast
.

How were VNET Group's earnings last quarter?

VNET Group, Inc. (NASDAQ:VNET) announced its quarterly earnings data on Tuesday, March, 21st. The information technology services provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by $0.54. The information technology services provider earned $272.67 million during the quarter, compared to analysts' expectations of $302.53 million. VNET Group had a negative trailing twelve-month return on equity of 10.92% and a negative net margin of 10.82%.

What guidance has VNET Group issued on next quarter's earnings?

VNET Group issued an update on its FY 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.11 billion-$1.15 billion, compared to the consensus revenue estimate of $1.10 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).

What is VNET Group's stock symbol?

VNET Group trades on the NASDAQ under the ticker symbol "VNET."

Who are VNET Group's major shareholders?

VNET Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Bank of America Corp DE (1.98%), FMR LLC (1.75%), BlackRock Inc. (1.46%), Anson Funds Management LP (1.28%), Bloom Tree Partners LLC (1.22%) and Mirae Asset Global Investments Co. Ltd. (0.94%).

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is VNET Group's stock price today?

One share of VNET stock can currently be purchased for approximately $3.01.

How much money does VNET Group make?

VNET Group (NASDAQ:VNET) has a market capitalization of $445.70 million and generates $7.23 billion in revenue each year. The information technology services provider earns $-112,500,000.00 in net income (profit) each year or ($0.78) on an earnings per share basis.

How many employees does VNET Group have?

The company employs 3,293 workers across the globe.

How can I contact VNET Group?

VNET Group's mailing address is Guanjie Building Southeast 1st Floor 10# Jiuxianqiao East Road, Beijing F4, 100016. The official website for the company is www.21vianet.com. The information technology services provider can be reached via phone at 861084562121 or via fax at 86-10-8456-4234.

This page (NASDAQ:VNET) was last updated on 6/6/2023 by MarketBeat.com Staff

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