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 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" VNET shares. View VNET analyst ratings or view top-rated stocks .

What is VNET Group's stock price target for 2024?

2 brokerages have issued 1 year target prices for VNET Group's stock. Their VNET share price targets range from $2.70 to $3.00. On average, they anticipate the company's share price to reach $2.85 in the next twelve months. This suggests a possible upside of 91.3% 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 2024?

VNET Group's stock was trading at $2.87 at the beginning of 2024. Since then, VNET stock has decreased by 48.1% and is now trading at $1.49. View the best growth stocks for 2024 here .

When is VNET Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 22nd 2024. View our VNET earnings forecast .

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 earned $231.85 million during the quarter, compared to analysts' expectations of $228.01 million. VNET Group had a negative trailing twelve-month return on equity of 11.15% and a negative net margin of 35.68%.

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 & Digital Infrastructure ETF (VPN) , Global X Cloud Computing ETF (CLOU) and Roundhill IO Digital Infrastructure ETF (BYTE) . Xtrackers Cybersecurity Select Equity ETF (PSWD) .

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

VNET Group issued an update on its FY 2024 earnings guidance on Wednesday, March, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.2 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) .

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:VNET

VNET Group (VNET) Stock Price, News & Analysis

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Free VNET Stock Alerts

$1.49

+0.02 (+1.36%)

(As of 01:09 PM ET)

Compare

Today's Range: $1.42
▼
$1.52
50-Day Range: $1.44
▼
$1.95
52-Week Range: $1.39
▼
$3.88

Volume: 332,100 shs
Average Volume: 2.08 million shs
Market Capitalization: $221.19 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $2.85

Get VNET Group alerts:

VNET Group MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 91.3% Upside
$2.85 Price Target
Short Interest: Bearish
5.75% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.47 out of 5 stars

Computer And Technology Sector

481st out of 586 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

46th out of 59 stocks

3.3

Analyst's Opinion

Consensus Rating
VNET Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
VNET Group has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
5.75% 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 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in VNET Group has recently increased by 9.22%, indicating that investor sentiment is decreasing significantly.

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.

1.1

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for VNET Group this week, compared to 2 articles on an average week.
Search Interest
11 people have searched for VNET on MarketBeat in the last 30 days. This is an increase of 1,000% compared to the previous 30 days.
MarketBeat Follows
3 people have added VNET Group to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

2.5

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.
Percentage Held by Institutions
72.83% of the stock of VNET Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of VNET Group is -0.61, 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 -0.61, 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 0.24. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About VNET Group Stock (NASDAQ: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; 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; and VPN Services that extend customers' private networks by setting up connections through the public internet. The company also provides server administration services, such as operating system support and assistance with updates, server monitoring, server backup and restoration, server security evaluation, firewall services, and disaster recovery services. 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. 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 Price History

30 days | 90 days | 365 days | Advanced Chart

VNET Stock News Headlines

April 17, 2024 | markets.businessinsider.com

DBS Keeps Their Buy Rating on JD (JD)

April 9, 2024 | theglobeandmail.com

Three High Yielding Tech Stocks To Buy In 2024

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 5, 2024 | msn.com

Asian Equities Traded in the US as American Depositary Receipts Nudge Higher in Friday Trading, End Week Lower

April 2, 2024 | msn.com

ChampionX, Montrose Environmental Group And Other Big Stocks Moving Higher On Tuesday

April 1, 2024 | finance.yahoo.com

VNET Group, Inc. (NASDAQ:VNET) Q4 2023 Earnings Call Transcript

March 29, 2024 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Intel (INTC) and VNET Group, Inc. Sponsored ADR (VNET)

March 29, 2024 | finanznachrichten.de

VNET Group, Inc.: VNET Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 28, 2024 | bloomberg.com

European Stocks Set for Best Quarter in a Year as Rally Broadens

March 28, 2024 | finance.yahoo.com

VNET Group, Inc.: VNET Group Earnings: Fair Value Estimate Down, Mainly on Capital Raise

March 27, 2024 | prnewswire.com

VNET Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results

March 20, 2024 | finance.yahoo.com

VNET Apr 2024 4.000 call

March 15, 2024 | msn.com

Hackers exploit another Windows security flaw to drop DarkGate malware

March 14, 2024 | prnewswire.com

VNET to Announce Unaudited Fourth Quarter and Full Year 2023 Financial Results on March 27, 2024

March 13, 2024 | markets.businessinsider.com

Analysts Are Bullish on Top Technology Stocks: Workday (WDAY), Nagarro SE (NGRRF)

March 11, 2024 | finance.yahoo.com

VNET Apr 2024 2.000 call

March 10, 2024 | finance.yahoo.com

VNET Apr 2024 1.000 call

March 9, 2024 | finance.yahoo.com

VNET Mar 2024 2.000 call

February 28, 2024 | msn.com

VNET announces new internet services geared towards local small businesses

February 27, 2024 | markets.businessinsider.com

VNET Final Deadline Alert

February 26, 2024 | businesswire.com

VNET DEADLINE TODAY: ROSEN, A LEADING LAW FIRM, Encourages VNET Group, Inc. Investors to Secure Counsel Before Important February 26 Deadline in Securities Class Action – VNET

February 24, 2024 | prnewswire.com

VNET DEADLINE NOTICE: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages VNET Group, Inc. Investors with Losses to Secure Counsel Before Important February 26 Deadline in Securities Class Action - VNET

February 23, 2024 | businesswire.com

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against VNET Group, Inc. (VNET)

February 23, 2024 | prnewswire.com

MONDAY DEADLINE: Berger Montague Advises VNET Group, Inc. (NASDAQ: VNET) Investors to Inquire About a Securities Fraud Class Action by February 26, 2024

February 23, 2024 | prnewswire.com

Levi & Korsinsky Reminds VNET Group, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of February 26, 2024 - VNET

February 22, 2024 | stockhouse.com

MONDAY DEADLINE NOTICE: The Schall Law Firm Encourages Investors in VNET Group, Inc. with Losses of $100,000 to Contact the Firm

See More Headlines

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Company Calendar

Last Earnings: 8/23/2021
Today: 4/18/2024
Next Earnings (Estimated): 5/22/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Computer programming, data processing, & other computer related
Sub-Industry: N/A
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 Target: $2.85
High Stock Price Target: $3.00
Low Stock Price Target: $2.70
Potential Upside/Downside: +93.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.46)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-372,380,000.00
Net Margins: -35.68%
Pretax Margin: -33.54%
Return on Equity: -11.15%
Return on Assets: -2.60%

Debt

Debt-to-Equity Ratio: 1.23
Current Ratio: 0.86
Quick Ratio: 0.71

Sales & Book Value

Annual Sales: $1.04 billion
Price / Sales: 0.21
Cash Flow: $0.75 per share
Price / Cash Flow: 1.97
Book Value: $6.18 per share
Price / Book: 0.24

Miscellaneous

Outstanding Shares: 148,450,000
Free Float: 130,489,000
Market Cap: $218.22 million
Optionable: Optionable
Beta: -0.29

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Key Executives

Mr. Sheng Chen (Age 55)
Co-Founder & Executive Co-Chairman
Mr. Jianbiao Zhu (Age 49)
Executive Co-Chairman
Mr. Jie Dong (Age 46)
Chief Executive Officer
Mr. Qiyu Wang
Chief Financial Officer
Xinyuan Liu
Director of Investor Relations
Mr. Wing-Dar Ker (Age 63)
Senior Vice President
Mr. Shiqi Wang (Age 48)
Rotating CEO Member of 21Vianet Group & CEO of Wholesale IDC Business Group
Mr. Chenggang Shen (Age 42)
Senior VP and GM of East & South China Business
Mr. Liang Zhao (Age 48)
Senior VP and GM of North China Business
Mr. Qihang Liu (Age 52)
Senior VP & CEO of VNET Blue Cloud

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

VNET Stock Analysis - 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 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" VNET shares.
View VNET analyst ratings or view top-rated stocks.
What is VNET Group's stock price target for 2024?: 2 brokerages have issued 1 year target prices for VNET Group's stock. Their VNET share price targets range from $2.70 to $3.00. On average, they anticipate the company's share price to reach $2.85 in the next twelve months. This suggests a possible upside of 91.3% 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 2024?: VNET Group's stock was trading at $2.87 at the beginning of 2024. Since then, VNET stock has decreased by 48.1% and is now trading at $1.49.
View the best growth stocks for 2024 here.
When is VNET Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 22nd 2024.
View our VNET earnings forecast.
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 earned $231.85 million during the quarter, compared to analysts' expectations of $228.01 million. VNET Group had a negative trailing twelve-month return on equity of 11.15% and a negative net margin of 35.68%.

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 & Digital Infrastructure ETF (VPN), Global X Cloud Computing ETF (CLOU) and Roundhill IO Digital Infrastructure ETF (BYTE).Xtrackers Cybersecurity Select Equity ETF (PSWD).
What guidance has VNET Group issued on next quarter's earnings?: VNET Group issued an update on its FY 2024 earnings guidance on Wednesday, March, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.2 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).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:VNET) was last updated on 4/18/2024 by MarketBeat.com Staff

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VNET Group (VNET) Stock Price, News & Analysis

VNET Group MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About VNET Group Stock (NASDAQ:VNET)

VNET Stock Price History

VNET Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

VNET Stock Analysis - Frequently Asked Questions

Overall MarketRank^™