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NASDAQ:VNET

VNET Group (VNET) Stock Forecast, Price & News

$3.13
-0.09 (-2.80%)
(As of 09/21/2023 ET)
Compare
Today's Range
$3.12
$3.33
50-Day Range
$2.57
$3.75
52-Week Range
$2.53
$6.83
Volume
931,265 shs
Average Volume
1.69 million shs
Market Capitalization
$464.65 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.00

VNET Group MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
4.2% Downside
$3.00 Price Target
Short Interest
Healthy
3.99% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.18) 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.

1.48 out of 5 stars

Computer And Technology Sector

520th out of 586 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

47th out of 59 stocks


VNET stock logo

About VNET Group (NASDAQ:VNET) Stock

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.

VNET Price History

VNET Stock News Headlines

Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
21Vianet Group Q2 2023 Earnings Preview
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Preview: VNET Gr's Earnings
217A.SG - VNET Group Inc
Chindata Group Holdings (CD) Receives a Buy from Jefferies
VNET Group Inc.
VNET Group Inc ADR
VNET - VNET Group, Inc.
See More Headlines
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VNET Company Calendar

Last Earnings
8/23/2023
Today
9/21/2023
Next Earnings (Estimated)
11/28/2023
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
$3.00
High Stock Price Forecast
$3.00
Low Stock Price Forecast
$3.00
Forecasted Upside/Downside
-6.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$-112,500,000.00
Pretax Margin
-6.85%

Debt

Sales & Book Value

Annual Sales
$1.02 billion
Cash Flow
$0.84 per share
Book Value
$6.82 per share

Miscellaneous

Free Float
130,489,000
Market Cap
$478.01 million
Optionable
Optionable
Beta
-0.22
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Key Executives

  • Mr. Sheng Chen (Age 54)
    Co-Founder & Exec. Chairman
  • Mr. Jie Dong (Age 45)
    Chief Exec. Officer
  • Mr. Qiyu Wang
    Chief Financial Officer
  • Xinyuan Liu
    Director of Investor Relations
  • Mr. Wing-Dar Ker (Age 62)
    Sr. VP
  • Mr. Shiqi Wang (Age 47)
    Rotating CEO Member of 21Vianet Group & CEO of Wholesale IDC Bus. Group
  • Mr. Chenggang Shen (Age 41)
    Sr. VP and GM of East & South China Bus.
  • Mr. Liang Zhao (Age 47)
    Sr. VP and GM of North China Bus.
  • Mr. Qihang Liu (Age 51)
    Sr. VP & CEO of VNET Blue Cloud
  • Mr. Tim Chen (Age 48)
    Chief Strategy Officer













VNET Stock - Frequently Asked Questions

Should I buy or sell VNET Group stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for VNET Group in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street equities research 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?

3 analysts have issued 12 month price targets for VNET Group's stock. Their VNET share price forecasts range from $3.00 to $3.00. On average, they anticipate the company's stock price to reach $3.00 in the next twelve months. This suggests that the stock has a possible downside of 6.8%.
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 43.2% and is now trading at $3.22.
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, November 28th 2023.
View our VNET earnings forecast
.

How were VNET Group's earnings last quarter?

VNET Group, Inc. (NASDAQ:VNET) issued its quarterly earnings data on Wednesday, August, 23rd. The information technology services provider reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by $0.20. The information technology services provider earned $251.23 million during the quarter, compared to the consensus estimate of $264.65 million. VNET Group had a negative trailing twelve-month return on equity of 8.92% and a negative net margin of 8.56%.

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 REITs & Digital Infrastructure ETF (VPN) and Global X Cloud Computing ETF (CLOU).Roundhill IO Digital Infrastructure ETF (BYTE).

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

VNET Group issued an update on its FY 2023 earnings guidance on Wednesday, August, 23rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.05 billion-$1.09 billion, compared to the consensus revenue estimate of $1.08 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (1.55%), Point72 Hong Kong Ltd (1.53%), Dimensional Fund Advisors LP (1.21%), Mirae Asset Global Investments Co. Ltd. (0.96%), CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (0.57%) and Creative Planning (0.22%).

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 $3.22.

How much money does VNET Group make?

VNET Group (NASDAQ:VNET) has a market capitalization of $478.01 million and generates $1.02 billion in revenue each year. The information technology services provider earns $-112,500,000.00 in net income (profit) each year or ($0.66) 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 9/21/2023 by MarketBeat.com Staff

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