The stock of 21Vianet Group Inc (NASDAQ:VNET) reached all time low today, Oct, 17 and still has $6.68 target or 5.00% below today’s $7.03 share price. This indicates more downside for the $593.16M company. This technical setup was reported by Barchart.com. If the $6.68 PT is reached, the company will be worth $29.66 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 1.23 million shares traded hands or 39.68% up from the average. 21Vianet Group Inc (NASDAQ:VNET) has declined 65.89% since March 14, 2016 and is downtrending. It has underperformed by 71.50% the S&P500.
Analysts await 21Vianet Group Inc (NASDAQ:VNET) to report earnings on November, 22. They expect $-0.11 EPS, down 175.00% or $0.07 from last year’s $-0.04 per share. After $-0.22 actual EPS reported by 21Vianet Group Inc for the previous quarter, Wall Street now forecasts -50.00% EPS growth.
21Vianet Group Inc (NASDAQ:VNET) Ratings Coverage
Out of 2 analysts covering 21Vianet Group (NASDAQ:VNET), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. 21Vianet Group has been the topic of 4 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The rating was downgraded by JP Morgan to “Neutral” on Wednesday, November 25. The firm earned “Underweight” rating on Wednesday, August 17 by JP Morgan. As per Thursday, August 27, the company rating was maintained by Canaccord Genuity. The rating was downgraded by Pacific Crest on Friday, August 28 to “Overweight”.
According to Zacks Investment Research, “21Vianet Group, Inc. operates as a carrier-neutral Internet data center services provider in China. It provides hosting and related services, managed network services and cloud computing infrastructure. The Company’s infrastructure is interconnected with the networks operated by all of China’s telecommunications carriers, major non-carriers and local Internet service providers, or ISPs. 21Vianet Group, Incorporation. Its customers include Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises. 21Vianet Group, Inc. is headquartered in Beijing, the Peoples’ Republic of China.”
More important recent 21Vianet Group Inc (NASDAQ:VNET) news were published by: Globenewswire.com which released: “21Vianet Group Inc. and Unisplendour Establish Joint Venture” on June 17, 2016, also Globenewswire.com published article titled: “21Vianet Group, Inc. Announces Receipt of Withdrawal of Buyer Group’s Going …”, Globenewswire.com published: “21Vianet Group, Inc. Announces Issuance of RMB1.75 Billion Convertible Bonds …” on April 29, 2016. More interesting news about 21Vianet Group Inc (NASDAQ:VNET) was released by: Globenewswire.com and their article: “21Vianet Group, Inc. Reports Second Quarter 2016 Unaudited Financial Results” with publication date: August 16, 2016.
VNET Company Profile
21Vianet Group, Inc., incorporated on October 16, 2009, is a carrier-neutral Internet data center services provider. The Firm hosts its customers’ servers and networking equipment and provides interconnectivity. The Firm also provides managed network services to enable clients to deliver data across the Internet through its data transmission network and smart routing technology. The Firm provides value-added services, such as content delivery network (CDN) services, virtual private network (VPN) services and last-mile wired broadband services. It offers public cloud services, private cloud and hybrid services. In addition, the Company also offers container data center service. The Company’s service offerings include hosting and related services, and managed network services.
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