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NASDAQ:VNET

VNET Group - VNET Stock Forecast, Price & News

$5.27
+0.08 (+1.54%)
(As of 12/6/2022 03:37 PM ET)
Add
Compare
Today's Range
$5.18
▼
$5.30
50-Day Range
$4.19
▼
$5.99
52-Week Range
$3.51
▼
$10.29
Volume
35,112 shs
Average Volume
1.50 million shs
Market Capitalization
$767.68 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
37.9% Upside
$7.27 Price Target
Short Interest
Healthy
4.93% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.81) to ($0.63) Per Share

Overall MarketRank™

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

1.80 out of 5 stars

Computer And Technology Sector

501st out of 627 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

52nd out of 64 stocks

See Top Rated MarketRank™ Stocks Here
VNET stock logo

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

November 24, 2022 | finance.yahoo.com
VNET Group, Inc.: VNET Group Making Wholesale Gains; FVE Reduced to USD 8.60 on Currency Weakness
November 23, 2022 | finance.yahoo.com
Wall Street Analysts Predict a 174% Upside in 21Vianet (VNET): Here's What You Should Know
November 23, 2022 | finanznachrichten.de
VNET Group, Inc.: VNET Reports Unaudited Third Quarter 2022 Financial Results
November 22, 2022 | finance.yahoo.com
VNET Reports Unaudited Third Quarter 2022 Financial Results
November 15, 2022 | msn.com
Asian ADRs Soar in Tuesday Trading on Positive US Inflation Data
November 9, 2022 | finance.yahoo.com
Is Trivago (TRVG) Stock Undervalued Right Now?
November 3, 2022 | seekingalpha.com
Management-Led Group Advances In VNET Bidding War, As Big Names Line Up To Play
October 18, 2022 | msn.com
Asian ADRs Move Lower in Tuesday Trading
October 10, 2022 | finance.yahoo.com
Wall Street Analysts Think 21Vianet (VNET) Could Surge 183%: Read This Before Placing a Bet
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
See More Headlines
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VNET Company Calendar

Last Earnings
8/23/2021
Today
12/06/2022
Fiscal Year End
12/31/2022
Get Stock Alerts

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
+37.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.99)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$78.48 million
Net Margins
-10.14%
Pretax Margin
-7.77%
Return on Equity
-9.42%
Return on Assets
-2.77%

Debt

Debt-to-Equity Ratio
1.53
Current Ratio
1.26
Quick Ratio
1.26

Sales & Book Value

Annual Sales
$971.32 million
Price / Sales
0.79
Cash Flow
$2.02 per share
Price / Cash Flow
2.61
Book Value
$8.19 per share
Price / Book
0.64

Miscellaneous

Outstanding Shares
145,670,000
Free Float
128,046,000
Market Cap
$767.68 million
Optionable
Optionable
Beta
-0.07

Key Executives

  • Mr. Sheng Chen (Age 53)
    Co-Founder & Exec. Chairman
  • Mr. Jeff Dong
    Pres & CEO
  • 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?

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 Wall Street research analysts have issued twelve-month target prices for VNET Group's stock. Their VNET share price forecasts range from $5.90 to $9.40. On average, they anticipate the company's share price to reach $7.27 in the next twelve months. This suggests a possible upside of 40.0% 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 2022?

VNET Group's stock was trading at $9.03 at the start of the year. Since then, VNET shares have decreased by 42.5% and is now trading at $5.19.
View the best growth stocks for 2022 here.

How were VNET Group's earnings last quarter?

VNET Group, Inc. (NASDAQ:VNET) issued its quarterly earnings data on Monday, August, 23rd. The information technology services provider reported $3.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $3.09. The information technology services provider earned $231.85 million during the quarter, compared to analyst estimates of $228.01 million. VNET Group had a negative net margin of 10.14% and a negative trailing twelve-month return on equity of 9.42%.

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

VNET Group updated its FY 2022 earnings guidance on Tuesday, November, 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 shareholders include TT International Asset Management LTD (6.48%), Vanguard Group Inc. (3.09%), Krane Funds Advisors LLC (2.85%), Alliancebernstein L.P. (1.53%), BlackRock Inc. (1.49%) and Verition Fund Management LLC (1.37%).

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 $5.19.

How much money does VNET Group make?

VNET Group (NASDAQ:VNET) has a market capitalization of $756.03 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 12/6/2022 by MarketBeat.com Staff