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NASDAQ:VNET

VNET Group (VNET) Stock Forecast, Price & News

$5.46
-0.23 (-4.04%)
(As of 05/23/2022 03:39 PM ET)
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Compare
Today's Range
$5.46
$5.75
50-Day Range
$3.82
$7.33
52-Week Range
$3.51
$26.20
Volume
69,594 shs
Average Volume
3.13 million shs
Market Capitalization
$795.37 million
P/E Ratio
N/A
Dividend Yield
N/A
Beta
0.14
30 days | 90 days | 365 days | Advanced Chart
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VNET Group logo

About VNET Group

VNET Group, Inc., an investment holding company, provides hosting and related services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People's Republic of China. It offers hosting and related services to house servers and networking equipment in its data centers, and connects them through a data transmission network. The company's hosting and related services include managed hosting services that offer data center space to house its customers' servers and networking equipment, and provide tailored server administration services; and interconnectivity services that enable customers to connect their servers with internet backbones and other networks through its border gateway protocol network or single-line, dual-line, or multiple-line network. Its hosting and related services also comprise cloud services that enable businesses to run their applications over the internet using its IT infrastructure; virtual private network services; hybrid IT Services, which provide customers with a complete package of infrastructure service offerings; and other value-added services, such as firewall, server load balancing, data backup and recovery, data center management, server management, and backup server services. In addition, the company provides traffic charts and analysis, gateway monitoring for servers, domain name system setup, defense mechanism against distributed denial of service attacks, basic setting of switches and routers, and virus protections; and managed network service. As of December 31, 2020, it operated 32 self-built data centers housing 49,876 cabinets and 52 partnered data centers housing with 3,677 cabinets. It has a strategic partnership with Microsoft Corporation. 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.

Headlines

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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

Sales & Book Value

Annual Sales
$971.32 million
Cash Flow
$1.80 per share
Book Value
$8.19 per share

Profitability

Net Income
$78.48 million
Pretax Margin
10.75%

Debt

Price-To-Earnings

Miscellaneous

Free Float
128,046,000
Market Cap
$795.37 million
Optionable
Optionable

Company Calendar

Last Earnings
8/23/2021
Today
5/23/2022
Next Earnings (Confirmed)
5/24/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

1.88 out of 5 stars

Computer And Technology Sector

487th out of 919 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

43rd out of 93 stocks

Analyst Opinion: 3.3Community Rank: 4.0Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -













VNET Group (NASDAQ:VNET) Frequently Asked Questions

Is VNET Group a buy 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 sell rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" VNET Group stock.
View analyst ratings for VNET Group
or view top-rated stocks.

Are investors shorting VNET Group?

VNET Group saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 5,120,000 shares, a drop of 40.2% from the April 15th total of 8,560,000 shares. Based on an average trading volume of 3,550,000 shares, the days-to-cover ratio is presently 1.4 days.
View VNET Group's Short Interest
.

When is VNET Group's next earnings date?

VNET Group is scheduled to release its next quarterly earnings announcement on Tuesday, May 24th 2022.
View our earnings forecast for VNET Group
.

How can I listen to VNET Group's earnings call?

VNET Group will be holding an earnings conference call on Tuesday, May 24th at 9:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 855-452-5696 with passcode "5852919".

How were VNET Group's earnings last quarter?

VNET Group, Inc. (NASDAQ:VNET) announced its earnings results on Monday, August, 23rd. The information technology services provider reported $3.04 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $3.09. The information technology services provider had revenue of $231.85 million for the quarter, compared to analyst estimates of $228.01 million. VNET Group had a trailing twelve-month return on equity of 6.53% and a net margin of 8.09%.
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, April, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.17 billion-$1.22 billion, compared to the consensus revenue estimate of $1.21 billion.

What price target have analysts set for VNET?

5 Wall Street analysts have issued 1-year price objectives for VNET Group's shares. Their forecasts range from $8.20 to $33.00. On average, they expect VNET Group's stock price to reach $19.42 in the next year. This suggests a possible upside of 255.7% from the stock's current price.
View analysts' price targets for VNET Group
or view top-rated stocks among Wall Street analysts.

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, CEO & Exec. Chairman of NEOLINK (Age 57)
  • Mr. Tim Chen, Chief Financial Officer (Age 47)
  • Xinyuan Liu, Investor Relations Officer
  • 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."

Who are VNET Group's major shareholders?

VNET Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include Cederberg Capital Ltd (3.18%), Vanguard Group Inc. (3.03%), Krane Funds Advisors LLC (2.30%), Healthcare of Ontario Pension Plan Trust Fund (1.67%), BlackRock Inc. (1.53%) and Hawk Ridge Capital Management LP (1.49%).

Which institutional investors are selling VNET Group stock?

VNET stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., American Assets Capital Advisers LLC, Cederberg Capital Ltd, TB Alternative Assets Ltd., Northern Trust Corp, UBS Group AG, Vanguard Group Inc., and BNP Paribas Arbitrage SA.

Which institutional investors are buying VNET Group stock?

VNET stock was bought by a variety of institutional investors in the last quarter, including Healthcare of Ontario Pension Plan Trust Fund, Harbor Spring Capital LLC, Hsbc Holdings PLC, Qube Research & Technologies Ltd, National Bank of Canada FI, Renaissance Technologies LLC, Hawk Ridge Capital Management LP, and Dimensional Fund Advisors LP.

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 $5.46.

How much money does VNET Group make?

VNET Group has a market capitalization of $795.37 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 ($0.33) on an earnings per share basis.

How many employees does VNET Group have?

VNET Group employs 3,221 workers across the globe.

What is VNET Group's official website?

The official website for VNET Group is www.21vianet.com.

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 information technology services provider can be reached via phone at 861084562121 or via fax at 86-10-8456-4234.

This page was last updated on 5/23/2022 by MarketBeat.com Staff

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