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NASDAQ:VNET

VNET Group (VNET) Stock Price, News & Analysis

$1.79
+0.02 (+1.13%)
(As of 05/24/2024 ET)
Today's Range
$1.76
$1.83
50-Day Range
$1.47
$2.05
52-Week Range
$1.39
$3.88
Volume
860,231 shs
Average Volume
882,588 shs
Market Capitalization
$460.75 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.85

VNET Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
59.2% Upside
$2.85 Price Target
Short Interest
Bearish
3.48% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.66mentions of VNET Group in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
200.00%
From $0.01 to $0.03 Per Share

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.

3.35 out of 5 stars

Computer And Technology Sector

270th out of 589 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

25th out of 59 stocks

VNET stock logo

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.

VNET Stock Price History

VNET Stock News Headlines

VNET Group appoints interim CEO after resignation
VNET Group CEO Jeff Dong Resigns; Names Josh Sheng Chen Interim CEO
DBS Keeps Their Buy Rating on JD (JD)
Three High Yielding Tech Stocks To Buy In 2024
VNET Apr 2024 4.000 call
See More Headlines
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Company Calendar

Last Earnings
3/27/2024
Today
5/25/2024
Next Earnings (Confirmed)
5/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Current Symbol
NASDAQ:VNET
Employees
3,038
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$2.85
High Stock Price Target
$3.00
Low Stock Price Target
$2.70
Potential Upside/Downside
+59.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-372,380,000.00
Pretax Margin
-33.54%

Debt

Sales & Book Value

Annual Sales
$1.04 billion
Cash Flow
$0.57 per share
Book Value
$3.56 per share

Miscellaneous

Free Float
226,253,000
Market Cap
$460.75 million
Optionable
Optionable
Beta
-0.31
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Key Executives

  • Mr. 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 Wang
    Chief Financial Officer
  • Xinyuan Liu
    Director of Investor Relations
  • Mr. 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

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 brokerages have issued 1 year target prices for VNET Group's shares. Their VNET share price targets range from $2.70 to $3.00. On average, they predict the company's share price to reach $2.85 in the next year. This suggests a possible upside of 59.2% 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 start of the year. Since then, VNET stock has decreased by 37.6% and is now trading at $1.79.
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, May 29th 2024.
View our VNET earnings forecast
.

How can I listen to VNET Group's earnings call?

VNET Group will be holding an earnings conference call on Wednesday, May 29th at 9:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were VNET Group's earnings last quarter?

VNET Group, Inc. (NASDAQ:VNET) released its quarterly earnings results on Wednesday, March, 27th. The information technology services provider reported ($0.51) earnings per share 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 net margin of 35.68% and a negative trailing twelve-month return on equity of 11.15%.

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

VNET Group issued an update on its FY 2024 earnings guidance on Wednesday, March, 27th. The company provided 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 $1.2 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 a number of retail and institutional investors. Top institutional investors 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 5/26/2024 by MarketBeat.com Staff

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