S&P 500   5,137.08
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Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
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This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
College athletes will need school approval for NIL deals under bill passed by Utah Legislature
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
Sports analytics may be outnumbered when it comes to artificial intelligence
Critical asset just had biggest fall on record (Ad)
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
College athletes will need school approval for NIL deals under bill passed by Utah Legislature
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
Sports analytics may be outnumbered when it comes to artificial intelligence
Critical asset just had biggest fall on record (Ad)
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
College athletes will need school approval for NIL deals under bill passed by Utah Legislature
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
Sports analytics may be outnumbered when it comes to artificial intelligence
Critical asset just had biggest fall on record (Ad)
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
College athletes will need school approval for NIL deals under bill passed by Utah Legislature
NASDAQ:VNET

VNET Group (VNET) Stock Price, News & Analysis

$1.54
-0.01 (-0.65%)
(As of 03/1/2024 ET)
Today's Range
$1.54
$1.58
50-Day Range
$1.42
$2.87
52-Week Range
$1.39
$4.19
Volume
960,942 shs
Average Volume
2.05 million shs
Market Capitalization
$228.61 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.00

VNET Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
94.8% Upside
$3.00 Price Target
Short Interest
Bearish
6.91% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.17mentions of VNET Group in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.25) to ($0.22) 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.

1.67 out of 5 stars

Computer And Technology Sector

464th out of 597 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

39th out of 57 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 Final Deadline Alert
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
VNET Investor Deadline Approaching
VNET Feb 2024 3.000 put
VNET Jun 2024 4.500 call
VNET Sep 2024 4.500 put
VNET Mar 2024 2.500 put
VNET Mar 2024 2.000 put
VNET Feb 2024 1.000 put
See More Headlines
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Company Calendar

Last Earnings
8/23/2021
Today
3/02/2024
Next Earnings (Estimated)
3/19/2024
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
3,293
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$3.00
High Stock Price Target
$3.00
Low Stock Price Target
$3.00
Potential Upside/Downside
+94.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$-112,500,000.00
Pretax Margin
-2.35%

Debt

Sales & Book Value

Annual Sales
$1.02 billion
Cash Flow
$0.79 per share
Book Value
$6.82 per share

Miscellaneous

Free Float
130,489,000
Market Cap
$228.61 million
Optionable
Optionable
Beta
-0.29
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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?

3 Wall Street 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 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 target for 2024?

3 Wall Street analysts have issued 12-month target prices for VNET Group's shares. Their VNET share price targets range from $3.00 to $3.00. On average, they predict the company's share price to reach $3.00 in the next year. This suggests a possible upside of 94.8% 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 on January 1st, 2024. Since then, VNET shares have decreased by 46.3% and is now trading at $1.54.
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 Tuesday, March 19th 2024.
View our VNET earnings forecast
.

How were VNET Group's earnings last quarter?

VNET Group, Inc. (NASDAQ:VNET) released its earnings results on Monday, August, 23rd. The information technology services provider reported $3.04 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $3.09. The information technology services provider had revenue of $231.85 million for the quarter, compared to analyst estimates of $228.01 million. VNET Group had a negative trailing twelve-month return on equity of 3.68% and a negative net margin of 3.48%.

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 updated its FY 2023 earnings guidance on Monday, December, 11th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.0 billion-$1.0 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 a variety of retail and institutional investors. Top institutional shareholders include FIL Ltd (9.21%), Vanguard Group Inc. (3.22%), Mirae Asset Global Investments Co. Ltd. (1.03%), Weiss Asset Management LP (0.00%), UBS Group AG (0.57%) and Pacer Advisors Inc. (0.47%).

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 3/2/2024 by MarketBeat.com Staff