NASDAQ:VNET

VNET Group (VNET) Stock Forecast, Price & News

$2.72

+0.15 (+5.84%)

(As of 11:38 AM ET)

Compare

Today's Range: $2.57
▼
$2.74
50-Day Range: $2.54
▼
$4.14
52-Week Range: $2.53
▼
$6.83

Volume: 140,452 shs
Average Volume: 1.93 million shs
Market Capitalization: $402.75 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.90

VNET Group MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 129.6% Upside
$5.90 Price Target
Short Interest: Healthy
3.90% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.16
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.24) to ($0.13) Per Share

Overall MarketRank^™

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

2.01 out of 5 stars

Computer And Technology Sector

406th out of 621 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

34th out of 61 stocks

3.0

Analyst's Opinion

Consensus Rating
VNET Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $5.90, VNET Group has a forecasted upside of 129.6% from its current price of $2.57.
Amount of Analyst Coverage
VNET Group has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
3.90% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in VNET Group has recently decreased by 3.18%, indicating that investor sentiment is improving.

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.

1.8

News and Social Media Coverage

News Sentiment
VNET Group has a news sentiment score of 0.16. 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 is a lower news sentiment than the 0.54 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for VNET Group this week, compared to 2 articles on an average week.
Search Interest
Only 2 people have searched for VNET on MarketBeat in the last 30 days. This is a decrease of -90% compared to the previous 30 days.

0.8

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.

1.3

Earnings and Valuation

Earnings Growth
Earnings for VNET Group are expected to grow in the coming year, from ($0.24) to ($0.13) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of VNET Group is -3.29, 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 -3.29, 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 0.36. 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. 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

May 28, 2023 | americanbankingnews.com

StockNews.com Upgrades VNET Group (NASDAQ:VNET) to "Hold"

May 26, 2023 | finance.yahoo.com

VNET - VNET Group, Inc.

June 1, 2023 | Edge On The Street (Ad)

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May 25, 2023 | finanznachrichten.de

VNET Group, Inc.: VNET Reports Unaudited First Quarter 2023 Financial Results

May 24, 2023 | finance.yahoo.com

VNET Reports Unaudited First Quarter 2023 Financial Results

May 22, 2023 | americanbankingnews.com

VNET Group (VNET) Scheduled to Post Quarterly Earnings on Wednesday

May 19, 2023 | americanbankingnews.com

VNET Group (NASDAQ:VNET) Now Covered by Analysts at StockNews.com

May 18, 2023 | msn.com

Online Retailers, Tech Stocks Lead Asian Equities Lower in Thursday Trading

June 1, 2023 | Edge On The Street (Ad)

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May 11, 2023 | finance.yahoo.com

VNET to Announce Unaudited First Quarter 2023 Financial Results on May 24, 2023

May 4, 2023 | finance.yahoo.com

3 Reasons Why VNET Stock Could Double, According to DBS

April 27, 2023 | finance.yahoo.com

VNET Files Its Annual Report on Form 20-F for Fiscal Year 2022

April 24, 2023 | finance.yahoo.com

VNET Publishes 2022 Environment, Social and Governance Report

April 7, 2023 | americanbankingnews.com

VNET Group (NASDAQ:VNET) Trading Down 4.4%

April 5, 2023 | americanbankingnews.com

VNET Group Sees Unusually Large Options Volume (NASDAQ:VNET)

April 4, 2023 | markets.businessinsider.com

Jefferies Reaffirms Their Buy Rating on VNET Group, Inc. Sponsored ADR (VNET)

April 3, 2023 | msn.com

Unusual Call Option Trade in 21Vianet Group (VNET) Worth $167.96K

March 29, 2023 | morningstar.com

VNET Group Continues to Gain Market Share in the Chinese Wholesale Market

March 29, 2023 | americanbankingnews.com

FY2023 EPS Estimates for VNET Group, Inc. (NASDAQ:VNET) Boosted by Jefferies Financial Group

March 26, 2023 | americanbankingnews.com

FY2027 Earnings Forecast for VNET Group, Inc. (NASDAQ:VNET) Issued By Jefferies Financial Group

March 24, 2023 | msn.com

Dow Up 150 Points; Gold Jumps Over 2%

March 24, 2023 | americanbankingnews.com

VNET Group (NASDAQ:VNET) Cut to Neutral at Nomura

March 22, 2023 | finanznachrichten.de

VNET Group, Inc.: VNET Reports Unaudited Fourth Quarter and Full Year 2022 Financial Results

March 22, 2023 | finance.yahoo.com

VNET Group, Inc.: VNET Group Continues to Gain Market Share in the Chinese Wholesale Market

March 21, 2023 | prnewswire.com

VNET Reports Unaudited Fourth Quarter and Full Year 2022 Financial Results

March 20, 2023 | seekingalpha.com

21Vianet Group Q4 Earnings Preview

March 20, 2023 | benzinga.com

A Preview Of VNET Group's Earnings

See More Headlines

VNET Price History

30 days | 90 days | 365 days | Advanced Chart

VNET Company Calendar

Last Earnings: 3/21/2023
Today: 6/01/2023
Next Earnings (Estimated): 8/29/2023
Fiscal Year End: 12/31/2023

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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: 3,293
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $5.90
High Stock Price Forecast: $5.90
Low Stock Price Forecast: $5.90
Forecasted Upside/Downside: +129.6%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.78)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-112,500,000.00
Net Margins: -10.82%
Pretax Margin: -8.73%
Return on Equity: -10.92%
Return on Assets: -2.88%

Debt

Debt-to-Equity Ratio: 0.90
Current Ratio: 0.75
Quick Ratio: 0.75

Sales & Book Value

Annual Sales: $1.02 billion
Price / Sales: 0.37
Cash Flow: $0.78 per share
Price / Cash Flow: 3.29
Book Value: $7.08 per share
Price / Book: 0.36

Miscellaneous

Outstanding Shares: 148,070,000
Free Float: 130,157,000
Market Cap: $380.54 million
Optionable: Optionable
Beta: -0.19

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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

VNET Stock - Frequently Asked Questions

Should I buy or sell VNET Group stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for VNET Group in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research 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 1 year target prices for VNET Group's shares. Their VNET share price forecasts range from $5.90 to $5.90. On average, they expect the company's stock price to reach $5.90 in the next year. This suggests a possible upside of 129.6% 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 shares have decreased by 54.7% and is now trading at $2.57.
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 Tuesday, August 29th 2023.
View our VNET earnings forecast.
How were VNET Group's earnings last quarter?: VNET Group, Inc. (NASDAQ:VNET) issued its quarterly earnings results on Tuesday, March, 21st. The information technology services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by $0.54. The information technology services provider earned $272.67 million during the quarter, compared to the consensus estimate of $302.53 million. VNET Group had a negative net margin of 10.82% and a negative trailing twelve-month return on equity of 10.92%.
What ETFs hold VNET Group's stock?: ETFs with the largest weight of VNET Group (NASDAQ:VNET) stock in their portfolio include Global X Data Center REITs & Digital Infrastructure ETF (VPN), Global X Cloud Computing ETF (CLOU), Roundhill IO Digital Infrastructure ETF (BYTE), SPDR FactSet Innovative Technology ETF (XITK), Fidelity Cloud Computing ETF (FCLD), Wedbush ETFMG Global Cloud Technology ETF (IVES), iShares MSCI China Small-Cap ETF (ECNS) and ERShares NextGen Entrepreneurs ETF (ERSX).
What guidance has VNET Group issued on next quarter's earnings?: VNET Group issued an update on its FY 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.11 billion-$1.15 billion, compared to the consensus revenue estimate of $1.10 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 many different institutional and retail investors. Top institutional shareholders include Bank of America Corp DE (1.98%), FMR LLC (1.75%), BlackRock Inc. (1.46%), Anson Funds Management LP (1.28%), Bloom Tree Partners LLC (1.22%) and Mirae Asset Global Investments Co. Ltd. (0.94%).
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 $2.57.
How much money does VNET Group make?: VNET Group (NASDAQ:VNET) has a market capitalization of $380.54 million and generates $1.02 billion in revenue each year. The information technology services provider earns $-112,500,000.00 in net income (profit) each year or ($0.78) on an earnings per share basis.
How many employees does VNET Group have?: The company employs 3,293 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 6/1/2023 by MarketBeat.com Staff

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