Worth Watching: 21Vianet Group Inc Rises A lot Today, Is Now One of The Best Performer

Worth Watching: 21Vianet Group Inc Rises A lot Today, Is Now One of The Best Performer

The stock of 21Vianet Group Inc (NASDAQ:VNET) is a huge mover today! About 321,005 shares traded hands. 21Vianet Group Inc (NASDAQ:VNET) has declined 65.39% since April 14, 2016 and is downtrending. It has underperformed by 70.08% the S&P500.
The move comes after 8 months positive chart setup for the $649.78 million company. It was reported on Nov, 16 by Barchart.com. We have $9.95 PT which if reached, will make NASDAQ:VNET worth $214.43 million more.

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. Pacific Crest downgraded the stock to “Overweight” rating in Friday, August 28 report. The stock of 21Vianet Group Inc (NASDAQ:VNET) has “Neutral” rating given on Wednesday, November 25 by JP Morgan. The stock of 21Vianet Group Inc (NASDAQ:VNET) has “Hold” rating given on Thursday, August 27 by Canaccord Genuity. As per Wednesday, August 17, the company rating was downgraded by JP Morgan.

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 recent 21Vianet Group Inc (NASDAQ:VNET) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on April 16, 2011. Also Globenewswire.com published the news titled: “21Vianet Group, Inc. Announces Receipt of Withdrawal of Buyer Group’s Going …” on June 30, 2016. Globenewswire.com‘s news article titled: “21Vianet Group, Inc. Announces Issuance of RMB1.75 Billion Convertible Bonds …” with publication date: April 29, 2016 was also an interesting one.

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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