NASDAQ:VNET

VNET Group - VNET Stock Forecast, Price & News

$5.50

+0.18 (+3.38%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $5.29
▼
$5.69
50-Day Range: $4.31
▼
$6.25
52-Week Range: $3.51
▼
$19.66

Volume: 1.24 million shs
Average Volume: 2.09 million shs
Market Capitalization: $801.19 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.27

VNET Group MarketRank™ Forecast

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 32.1% Upside
$7.27 Price Target
Short Interest: Bearish
5.13% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.47
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.60) to ($0.55) Per Share

Overall MarketRank^™

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

1.84 out of 5 stars

Computer And Technology Sector

528th out of 650 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

52nd out of 68 stocks

3.2

Analyst's Opinion

Consensus Rating
VNET Group has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $7.27, VNET Group has a forecasted upside of 32.1% from its current price of $5.50.
Amount of Analyst Coverage
VNET Group has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
5.13% of the outstanding shares of VNET Group have been sold short.
Short Interest Ratio / Days to Cover
VNET Group has a short interest ratio ("days to cover") of 5.7.
Change versus previous month
Short interest in VNET Group has recently increased by 20.87%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
VNET Group does not currently pay a dividend.
Dividend Growth
VNET Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for VNET.

1.9

News and Social Media Coverage

News Sentiment
VNET Group has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for VNET Group this week, compared to 1 article on an average week.
Search Interest
Only 3 people have searched for VNET on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added VNET Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, VNET Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
12.10% of the stock of VNET Group is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
58.32% of the stock of VNET Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for VNET Group are expected to grow in the coming year, from ($0.60) to ($0.55) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of VNET Group is -9.17, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of VNET Group is -9.17, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
VNET Group has a P/B Ratio of 0.67. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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; server administration services; 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; VPN Services that extend customers' private networks by setting up connections through the public internet. The company also provides operating system support and assistance with updates, server monitoring, server backup and restoration, server security evaluation, firewall services, and disaster recovery services; site selection, planning, design, and construction services for wholesale and retail data centers. 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. As of December 31, 2021, it operated 40 self-built data centers and 64 partnered data centers with 78,540 cabinets under management. 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.

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VNET Stock News Headlines

September 28, 2022 | seekingalpha.com

VNET Group: Potential Buyout From Founder

September 22, 2022 | money.usnews.com

VNET Group Inc - ADR

September 15, 2022 | finance.yahoo.com

VNET Announces Changes to Leadership Team

September 14, 2022 | wsj.com

VNET Group Inc. ADR

September 14, 2022 | marketwatch.com

ADRs End Higher; VNET Group, ABB Trade Actively

September 13, 2022 | marketwatch.com

VNET Group Up 29% on Buyout Approach From Founder/Chairman

September 13, 2022 | finance.yahoo.com

VNET Announces Receipt of Preliminary Non-Binding Proposal to Acquire All of Its Shares and Formation of Special Committee to Review the Proposal

September 7, 2022 | finance.yahoo.com

VNET Announces Change in Registrant's Certifying Accountant

September 6, 2022 | msn.com

1GDS, VNET : VNET Slashes Expansion Plans as Private Equity Buyout Remains in Play

September 6, 2022 | markets.businessinsider.com

VNET Slashes Expansion Plans as Private Equity Buyout Remains in Play

September 1, 2022 | seekingalpha.com

VNET Group, Inc. 2022 Q2 - Results - Earnings Call Presentation

September 1, 2022 | investing.com

VNET Group Misses Q2 EPS by RMB15c

September 1, 2022 | finance.yahoo.com

VNET Group, Inc.: VNET Guides to Lower Second-Half Margin; Fair Value Estimate Reduced to USD 8.80

August 30, 2022 | finance.yahoo.com

VNET Reports Unaudited Second Quarter 2022 Financial Results

August 25, 2022 | finance.yahoo.com

VNET Announces Change to Board Composition

August 19, 2022 | finance.yahoo.com

VNET to Announce Unaudited Second Quarter 2022 Financial Results on August 30, 2022

August 14, 2022 | reuters.com

VNET Group Inc

August 9, 2022 | finance.yahoo.com

VNET Announces Changes to Board and Committees Composition

July 28, 2022 | seekingalpha.com

Private Equity Buyers Swirl Around VNET. But Will They Find Any Value?

July 27, 2022 | finance.yahoo.com

MBK Partners Weighs Rival Bid for Chinese Data Center Firm Vnet, Sources Say

July 4, 2022 | msn.com

Equity receives Sh850m dividend from fintech unit

June 30, 2022 | finance.yahoo.com

WHEN Group Completes Acquisition of Stake in CrossMobile

June 20, 2022 | finance.yahoo.com

Is The Market Rewarding Vianet Group plc (LON:VNET) With A Negative Sentiment As A Result Of Its Mixed Fundamentals?

May 26, 2022 | seekingalpha.com

VNET Group, Inc. 2022 Q1 - Results - Earnings Call Presentation

May 25, 2022 | seekingalpha.com

21Vianet Group raised to Neutral from Sell at Goldman after expectations reset

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30 days | 90 days | 365 days | Advanced Chart

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VNET Company Calendar

Last Earnings: 8/30/2022
Today: 10/02/2022
Next Earnings (Estimated): 11/17/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Computer programming, data processing, & other computer related
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:VNET
CUSIP: N/A
CIK: 1508475
Web: www.21vianet.com
Phone: 861084562121
Fax: 86-10-8456-4234
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: +32.1%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.60)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $78.48 million
Net Margins: -2.13%
Pretax Margin: 0.16%
Return on Equity: -1.89%
Return on Assets: -0.58%

Debt

Debt-to-Equity Ratio: 1.36
Current Ratio: 1.41
Quick Ratio: 1.41

Sales & Book Value

Annual Sales: $971.32 million
Price / Sales: 0.82
Cash Flow: $1.97 per share
Price / Cash Flow: 2.79
Book Value: $8.19 per share
Price / Book: 0.67

Miscellaneous

Outstanding Shares: 145,670,000
Free Float: 128,046,000
Market Cap: $801.19 million
Optionable: Optionable
Beta: 0.02

Key Executives

Mr. Sheng Chen (Age 53)
Co-Founder & Exec. Chairman

Mr. Yuan-Ching Shen (Age 57)
Group CEO & Exec. Chairman of Retail IDC Bus. Group

Mr. Tim Chen (Age 47)
Chief Financial Officer

Xinyuan Liu
Director of Investor Relations

Mr. Wing-Dar Ker (Age 61)
Sr. VP

Mr. Shiqi Wang (Age 45)
Rotating CEO Member of 21Vianet Group & CEO of Wholesale IDC Bus. Group

Mr. Chenggang Shen (Age 40)
Sr. VP and GM of East & South China Bus.

Mr. Liang Zhao (Age 46)
Sr. VP and GM of North China Bus.

Mr. Qihang Liu (Age 50)
Sr. VP & CEO of VNET Blue Cloud

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

VNET Stock - Frequently Asked Questions

Should I buy or sell VNET Group stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for VNET Group in the last twelve months. There are currently 2 hold ratings and 1 buy rating 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 2022?: 3 Wall Street research analysts have issued 12-month target prices for VNET Group's stock. Their VNET share price forecasts range from $5.90 to $9.40. On average, they predict the company's stock price to reach $7.27 in the next year. This suggests a possible upside of 32.1% 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 2022?: VNET Group's stock was trading at $9.03 at the beginning of the year. Since then, VNET stock has decreased by 39.1% and is now trading at $5.50.
View the best growth stocks for 2022 here.
When is VNET Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 17th 2022.
View our VNET earnings forecast.
How were VNET Group's earnings last quarter?: VNET Group, Inc. (NASDAQ:VNET) posted its quarterly earnings data on Tuesday, August, 30th. The information technology services provider reported ($2.58) EPS for the quarter, missing the consensus estimate of ($0.36) by $2.22. VNET Group had a negative trailing twelve-month return on equity of 1.89% and a negative net margin of 2.13%. During the same quarter last year, the firm earned $0.06 EPS.
What guidance has VNET Group issued on next quarter's earnings?: VNET Group issued an update on its FY 2022 earnings guidance on Tuesday, September, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.08 billion-$1.13 billion, compared to the consensus revenue estimate of $1.07 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."
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 $5.50.
How much money does VNET Group make?: VNET Group (NASDAQ:VNET) has a market capitalization of $801.19 million and generates $971.32 million in revenue each year. The information technology services provider earns $78.48 million in net income (profit) each year or ($0.60) 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 10/2/2022 by MarketBeat.com Staff

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VNET Group - VNET Stock Forecast, Price & News

VNET Group MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows