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NASDAQ:VNET

VNET Group - VNET Stock Forecast, Price & News

$3.03
-0.17 (-5.31%)
(As of 03/29/2023 12:00 AM ET)
Add
Compare
Today's Range
$3.02
$3.18
50-Day Range
$2.98
$6.62
52-Week Range
$2.90
$7.60
Volume
1.84 million shs
Average Volume
2.02 million shs
Market Capitalization
$448.65 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.27

VNET Group MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
139.8% Upside
$7.27 Price Target
Short Interest
Healthy
4.13% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.57mentions of VNET Group in the last 14 days
Based on 15 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From ($0.63) to ($0.92) Per Share

Overall MarketRank

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

2.13 out of 5 stars

Computer And Technology Sector

346th out of 615 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

29th out of 62 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

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Dow Up 150 Points; Gold Jumps Over 2%
VNET Group (NASDAQ:VNET) Cut to Neutral at Nomura
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2023 is a classic “stock picker’s market.” The only way to beat these markets is to pick the right stocks at the right time. Legendary trader Adam Mesh is ready to hand you his best stock pick every week… It’s the same kind of research Wall Street’s top traders use to beat the markets. Click here to get his three top picks for right now to help get you started now. pixel
21Vianet Group Q4 Earnings Preview
A Preview Of VNET Group's Earnings
DBS Reaffirms Their Buy Rating on JD (JD)
See More Headlines
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VNET Company Calendar

Last Earnings
8/23/2021
Today
3/29/2023
Next Earnings (Estimated)
5/23/2023
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
3,221
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$7.27
High Stock Price Forecast
$9.40
Low Stock Price Forecast
$5.90
Forecasted Upside/Downside
+139.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$-112,500,000.00
Pretax Margin
-8.92%

Debt

Sales & Book Value

Annual Sales
$1.02 billion
Cash Flow
$1.79 per share
Book Value
$6.84 per share

Miscellaneous

Free Float
130,157,000
Market Cap
$448.65 million
Optionable
Optionable
Beta
-0.13

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?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for VNET Group in the last twelve months. 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 forecast for 2023?

3 Wall Street analysts have issued twelve-month price objectives for VNET Group's stock. Their VNET share price forecasts range from $5.90 to $9.40. On average, they expect the company's stock price to reach $7.27 in the next year. This suggests a possible upside of 139.8% 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 2023?

VNET Group's stock was trading at $5.67 on January 1st, 2023. Since then, VNET shares have decreased by 46.6% and is now trading at $3.03.
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, May 23rd 2023.
View our VNET earnings forecast
.

How were VNET Group's earnings last quarter?

VNET Group, Inc. (NASDAQ:VNET) issued its quarterly earnings results on Monday, August, 23rd. The information technology services provider reported $3.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $3.09. The information technology services provider had revenue of $231.85 million for the quarter, compared to analysts' expectations of $228.01 million. VNET Group had a negative net margin of 10.63% and a negative trailing twelve-month return on equity of 10.28%.

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 retail and institutional investors. Top institutional shareholders include TT International Asset Management LTD (6.25%), DigitalBridge Group Inc. (1.30%), Verition Fund Management LLC (1.30%), Dimensional Fund Advisors LP (1.24%), Harbor Spring Capital LLC (1.18%) and Mirae Asset Global Investments Co. Ltd. (1.03%).

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 $3.03.

How much money does VNET Group make?

VNET Group (NASDAQ:VNET) has a market capitalization of $448.65 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 ($0.81) on an earnings per share basis.

How many employees does VNET Group have?

The company employs 3,221 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 3/30/2023 by MarketBeat.com Staff