VNET Group, Inc. (VNET)

NASDAQ: VNET · IEX Real-Time Price · USD
3.18
-0.30 (-8.50%)
At close: Mar 24, 2023, 4:00 PM
3.27
+0.10 (2.99%)
After-hours: Mar 24, 2023, 7:48 PM EDT
-8.5%
Market Cap 471.34M
Revenue (ttm) 1.01B
Net Income (ttm) -111.33M
Shares Out 148.45M
EPS (ttm) -0.82
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 3,022,363
Open 3.46
Previous Close 3.47
Day's Range 3.11 - 3.50
52-Week Range 2.90 - 7.60
Beta -0.13
Analysts Buy
Price Target 7.14 (+124.88%)
Earnings Date Mar 21, 2023

About VNET

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 ... [Read more]

Sector Technology
IPO Date Apr 21, 2011
Employees 3,221
Stock Exchange NASDAQ
Ticker Symbol VNET
Full Company Profile

Financial Performance

Financial numbers in CNY Financial Statements

Analyst Forecast

According to 17 analysts, the average rating for VNET stock is "Buy." The 12-month stock price forecast is $7.14, which is an increase of 124.88% from the latest price.

Price Target
$7.14
(124.88% upside)
Analyst Consensus: Buy
Stock Forecasts

News

VNET Reports Unaudited Fourth Quarter and Full Year 2022 Financial Results

BEIJING , March 21, 2023 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announce...

3 days ago - PRNewsWire

VNET to Announce Unaudited Fourth Quarter and Full Year 2022 Financial Results on March 21, 2023

BEIJING , March 9, 2023 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced...

2 weeks ago - PRNewsWire

Bold Ally (Cayman) Limited: Enforcement of up to 76,273,626 Class A ordinary shares (equivalent to 12,712,271 American depositary shares) of VNET Group, Inc.

NEW YORK--(BUSINESS WIRE)--Following the occurrence of a default by GenTao Capital Limited (the “Borrower”), a shareholder of VNET Group, Inc. (the “Company”) (NASDAQ: VNET), under a US$50,250,000 mar...

1 month ago - Business Wire

Wall Street Analysts Predict a 174% Upside in 21Vianet (VNET): Here's What You Should Know

The average of price targets set by Wall Street analysts indicates a potential upside of 173.8% in 21Vianet (VNET). While the effectiveness of this highly sought-after metric is questionable, the posi...

4 months ago - Zacks Investment Research

VNET Reports Unaudited Third Quarter 2022 Financial Results

BEIJING , Nov. 22, 2022 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced...

4 months ago - PRNewsWire

VNET to Announce Unaudited Third Quarter 2022 Financial Results on November 22, 2022

BEIJING , Nov. 9, 2022 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced ...

4 months ago - PRNewsWire

Strength Seen in 21Vianet (VNET): Can Its 10.3% Jump Turn into More Strength?

21Vianet (VNET) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in...

5 months ago - Zacks Investment Research

VNET Announces Appointment of Independent Financial Advisor and Legal Counsel to the Special Committee

BEIJING , Oct. 14, 2022 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, announced that ...

5 months ago - PRNewsWire

Wall Street Analysts Think 21Vianet (VNET) Could Surge 183%: Read This Before Placing a Bet

The consensus price target hints at an 182.9% upside potential for 21Vianet (VNET). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estima...

5 months ago - Zacks Investment Research

VNET Announces Changes to Leadership Team

BEIJING , Sept. 15, 2022 /PRNewswire/ -- VNET Group, Inc. (NASDAQ: VNET) ("VNET" or the "Company"),‎ a leading carrier- and cloud-neutral Internet data center services provider in China, today announc...

6 months ago - PRNewsWire

VNET Announces Receipt of Preliminary Non-Binding Proposal to Acquire All of Its Shares and Formation of Special Committee to Review the Proposal

BEIJING , Sept. 13, 2022 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, announced that...

6 months ago - PRNewsWire

VNET Announces Change in Registrant's Certifying Accountant

BEIJING , Sept. 7, 2022 /PRNewswire/ -- VNET Group, Inc. (NASDAQ: VNET) ("VNET" or the "Company"),‎ a leading carrier- and cloud-neutral Internet data center services provider in China, today announce...

7 months ago - PRNewsWire

VNET Reports Unaudited Second Quarter 2022 Financial Results

BEIJING , Aug. 30, 2022 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced...

7 months ago - PRNewsWire

21Vianet (VNET) Moves 5.4% Higher: Will This Strength Last?

21Vianet (VNET) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

7 months ago - Zacks Investment Research

VNET Announces Change to Board Composition

BEIJING , Aug. 25, 2022 /PRNewswire/ -- VNET Group, Inc. (NASDAQ: VNET) ("VNET" or the "Company"),‎ a leading carrier- and cloud-neutral Internet data center services provider in China, today announce...

7 months ago - PRNewsWire

VNET to Announce Unaudited Second Quarter 2022 Financial Results on August 30, 2022

BEIJING , Aug. 19, 2022 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced...

7 months ago - PRNewsWire

VNET Announces Changes to Board and Committees Composition

BEIJING , Aug. 9, 2022 /PRNewswire/ -- VNET Group, Inc. (NASDAQ: VNET) ("VNET" or the "Company"),‎ a leading carrier- and cloud-neutral Internet data center services provider in China, today announced...

8 months ago - PRNewsWire

Betting against data center REITs is a very dangerous short, says GGV's Richards

Jeff Richards, GGV Capital managing partner, joins 'TechCheck' to discuss if data center REITs could be in trouble, if it's dangerous to lump too many parts of technology together, and more.

Other symbols: DBX
9 months ago - CNBC Television

VNET Reports First Quarter 2022 Unaudited Financial Results

BEIJING, May 24, 2022 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced i...

10 months ago - PRNewsWire

VNET to Announce Unaudited First Quarter 2022 Financial Results on May 24, 2022

BEIJING , May 11, 2022 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced ...

11 months ago - PRNewsWire

VNET Provides Update on its Status under the Holding Foreign Companies Accountable Act

BEIJING , May 5, 2022 /PRNewswire/ -- VNET Group, Inc. (NASDAQ: VNET) ("VNET" or the "Company"),‎ a leading carrier- and cloud-neutral Internet data center services provider in China, today announced ...

11 months ago - PRNewsWire

VNET Publishes 2021 Environment, Social and Governance Report

BEIJING , April 28, 2022 /PRNewswire/ -- VNET Group, Inc. (NASDAQ: VNET) ("VNET" or the "Company"),‎ a leading carrier- and cloud-neutral Internet data center services provider in China, today announc...

11 months ago - PRNewsWire

VNET Group, Inc. Files Its Annual Report on Form 20-F for Fiscal Year 2021

BEIJING , April 26, 2022 /PRNewswire/ -- VNET Group, Inc. (NASDAQ: VNET) ("VNET" or the "Company"),‎ a leading carrier- and cloud-neutral Internet data center services provider in China, today announc...

11 months ago - PRNewsWire

Why Is VNET Group (VNET) Stock Up Today?

After receiving an unsolicited offer, shares of VNET stock have soared today, as investors attempt to price what this means into the stock. The post Why Is VNET Group (VNET) Stock Up Today?

1 year ago - InvestorPlace

Why VNET Shares Are Surging Today

VNET Group Inc (NASDAQ: VNET) bagged an unsolicited and preliminary all-cash buyout offer. The Hina Group and Industrial Bank Co., Ltd.

1 year ago - Benzinga