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S&P 500   3,852.36
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Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
Closing prices for crude oil, gold and other commodities
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
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How major US stock indexes fared Friday 2/3/2023
A gold storm is coming… (Ad)
Zimmer Biomet Beats on Earnings, Growth May be Priced In
Skull found in '97 in remote Alaska belongs to New York man
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
Closing prices for crude oil, gold and other commodities
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Ford, Starbucks fall; Clorox, Gilead Sciences rise
How major US stock indexes fared Friday 2/3/2023
A gold storm is coming… (Ad)
Zimmer Biomet Beats on Earnings, Growth May be Priced In
Skull found in '97 in remote Alaska belongs to New York man
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
Closing prices for crude oil, gold and other commodities
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Ford, Starbucks fall; Clorox, Gilead Sciences rise
How major US stock indexes fared Friday 2/3/2023
A gold storm is coming… (Ad)
Zimmer Biomet Beats on Earnings, Growth May be Priced In
Skull found in '97 in remote Alaska belongs to New York man
NASDAQ:VNET

VNET Group - VNET Stock Forecast, Price & News

$6.21
-0.28 (-4.31%)
(As of 02/3/2023 12:00 AM ET)
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Today's Range
$6.18
$6.41
50-Day Range
$4.63
$6.55
52-Week Range
$3.51
$9.13
Volume
873,957 shs
Average Volume
1.18 million shs
Market Capitalization
$904.62 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
17.0% Upside
$7.27 Price Target
Short Interest
Healthy
4.54% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.00mentions of VNET Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.98) to ($0.64) Per Share

Overall MarketRank

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

1.85 out of 5 stars

Computer And Technology Sector

414th out of 610 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

41st out of 61 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

VNET Group (NASDAQ:VNET) Sees Large Volume Increase
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The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
Is Trivago (TRVG) Stock Undervalued Right Now?
Asian ADRs Move Lower in Tuesday Trading
VNET Group: Potential Buyout From Founder
VNET Group Inc - ADR
VNET Announces Changes to Leadership Team
VNET Group Inc. ADR
ADRs End Higher; VNET Group, ABB Trade Actively
See More Headlines
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VNET Company Calendar

Last Earnings
11/22/2022
Today
2/04/2023
Next Earnings (Estimated)
3/29/2023
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
+17.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$78.48 million
Pretax Margin
-7.77%

Debt

Sales & Book Value

Annual Sales
$6.93 billion
Cash Flow
$1.82 per share
Book Value
$8.19 per share

Miscellaneous

Free Float
128,046,000
Market Cap
$904.62 million
Optionable
Optionable
Beta
-0.15

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?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for VNET Group in the last twelve months. There are currently 2 hold ratings 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 2023?

2 equities research analysts have issued twelve-month target prices for VNET Group's shares. 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 twelve months. This suggests a possible upside of 17.0% 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 at the start of the year. Since then, VNET stock has increased by 9.5% and is now trading at $6.21.
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 Wednesday, March 29th 2023.
View our VNET earnings forecast
.

How were VNET Group's earnings last quarter?

VNET Group, Inc. (NASDAQ:VNET) announced its quarterly earnings results on Tuesday, November, 22nd. The information technology services provider reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.07) by $0.35. The information technology services provider had revenue of $255.04 million for the quarter, compared to the consensus estimate of $265.08 million. VNET Group had a negative trailing twelve-month return on equity of 9.42% and a negative net margin of 10.14%.

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

VNET Group updated its FY 2022 earnings guidance on Thursday, December, 22nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.02 billion-$1.06 billion, compared to the consensus revenue estimate of $1.02 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 a number of institutional and retail investors. Top institutional investors include Nisa Investment Advisors LLC (0.28%), National Bank of Canada FI (0.18%), Simplex Trading LLC (0.00%), Profund Advisors LLC (0.01%), Exchange Traded Concepts LLC (0.00%) and Exchange Traded Concepts LLC (0.00%).

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 $6.21.

How much money does VNET Group make?

VNET Group (NASDAQ:VNET) has a market capitalization of $904.61 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 ($0.99) 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 2/4/2023 by MarketBeat.com Staff