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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
NASDAQ:VNET

VNET Group Stock Forecast, Price & News

$6.01
-0.03 (-0.50%)
(As of 07/1/2022 12:00 AM ET)
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Today's Range
$5.95
$6.28
50-Day Range
$4.62
$6.91
52-Week Range
$3.51
$22.91
Volume
1.05 million shs
Average Volume
1.50 million shs
Market Capitalization
$875.48 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$16.82

VNET Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
179.9% Upside
$16.82 Price Target
Short Interest
Healthy
2.24% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.63mentions of VNET Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.33) to ($0.73) Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

1.87 out of 5 stars

Computer And Technology Sector

417th out of 922 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

33rd out of 94 stocks

30 days | 90 days | 365 days | Advanced Chart

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VNET Group 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.

VNET Stock News Headlines

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VNET Group (NASDAQ:VNET) Shares Gap Down to $6.46
How You Should Be Choosing Your Stocks
Grab your seat at our complimentary LIVE, interactive masterclass for traders. It’s your chance to finally learn how to pick the right stocks and find the best trades. We’ll also be diving into market forecasting and revealing under-the-radar stocks we believe have significant potential in Q2.
VNET Group Tops Q1 EPS by 1c
21Vianet Group Q1 2022 Earnings Preview
Robo Inu Finance's Partnership with VNet Gaming
Chindata Group jumps on report of takeover interest
Why Is VNET Group (VNET) Stock Up Today?
VNET Group Misses Q4 EPS by 2c
See More Headlines

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

Company Calendar

Last Earnings
8/23/2021
Today
7/03/2022
Next Earnings (Estimated)
8/23/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$16.82
High Stock Price Forecast
$33.00
Low Stock Price Forecast
$6.50
Forecasted Upside/Downside
+179.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.8
Research Coverage
5 Analysts

Profitability

Net Income
$78.48 million
Pretax Margin
13.16%

Debt

Sales & Book Value

Annual Sales
$971.32 million
Cash Flow
$1.90 per share
Book Value
$8.19 per share

Miscellaneous

Free Float
128,046,000
Market Cap
$875.48 million
Optionable
Optionable
Beta
0.10














VNET Group Frequently Asked Questions

Should I buy or sell VNET Group stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for VNET Group in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" VNET Group stock.
View analyst ratings for VNET Group
or view top-rated stocks.

What is VNET Group's stock price forecast for 2022?

5 brokers have issued 12 month price targets for VNET Group's stock. Their VNET stock forecasts range from $6.50 to $33.00. On average, they anticipate VNET Group's share price to reach $16.82 in the next year. This suggests a possible upside of 179.9% from the stock's current price.
View analysts' price targets for VNET Group
or view top-rated stocks among Wall Street analysts.

How has VNET Group's stock performed in 2022?

VNET Group's stock was trading at $9.03 on January 1st, 2022. Since then, VNET stock has decreased by 33.4% and is now trading at $6.01.
View the best growth stocks for 2022 here
.

When is VNET Group's next earnings date?

VNET Group is scheduled to release its next quarterly earnings announcement on Tuesday, August 23rd 2022.
View our earnings forecast for VNET Group
.

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 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 the consensus estimate of $228.01 million. VNET Group had a net margin of 10.41% and a trailing twelve-month return on equity of 8.95%.
View VNET Group's earnings history
.

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

VNET Group issued an update on its FY 2022 earnings guidance on Wednesday, June, 22nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.18 billion-$1.22 billion, compared to the consensus revenue estimate of $1.12 billion.

Who are VNET Group's key executives?

VNET Group's management team includes the following people:
  • Mr. Sheng Chen, Co-Founder & Exec. Chairman (Age 53)
  • Mr. Yuan-Ching Shen, Group CEO & Exec. Chairman of Retail IDC Bus. Group (Age 57)
  • Mr. Tim Chen, Chief Financial Officer (Age 47)
  • Xinyuan Liu, Director of Investor Relations
  • Mr. Wing-Dar Ker, Sr. VP (Age 61)
  • Mr. Shiqi Wang, Rotating CEO Member of 21Vianet Group & CEO of Wholesale IDC Bus. Group (Age 45)
  • Mr. Chenggang Shen, Sr. VP and GM of East & South China Bus. (Age 40)
  • Mr. Liang Zhao, Sr. VP and GM of North China Bus. (Age 46)
  • Mr. Qihang Liu, Sr. VP & CEO of VNET Blue Cloud (Age 50)

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 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 $6.01.

How much money does VNET Group make?

VNET Group (NASDAQ:VNET) has a market capitalization of $875.48 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 ($0.18) on an earnings per share basis.

How many employees does VNET Group have?

VNET Group 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 VNET Group 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 7/3/2022 by MarketBeat.com Staff

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