No headlines found.
VNET Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results
PRNewswire (Wed, 27-Mar 4:30 PM ET)
VNET to Announce Unaudited Fourth Quarter and Full Year 2023 Financial Results on March 27, 2024
PRNewswire (Thu, 14-Mar 8:00 AM ET)
Globe Newswire (Mon, 26-Feb 1:55 PM ET)
Globe Newswire (Mon, 26-Feb 12:28 PM ET)
Business Wire (Mon, 26-Feb 10:00 AM ET)
Globe Newswire (Mon, 26-Feb 9:42 AM ET)
PRNewswire (Sat, 24-Feb 9:00 AM ET)
Globe Newswire (Fri, 23-Feb 9:00 PM ET)
Globe Newswire (Fri, 23-Feb 5:53 PM ET)
Business Wire (Fri, 23-Feb 11:00 AM ET)
VNET started as AsiaCloud in 1999 and moved to the data center business with its first self-developed data center opening in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At end-December 2023 it had 89,357 self-built cabinets with the majority in Beijing, Shanghai, and the Greater Bay area. It also operated partnered data centers with around 4,240 cabinets and had 476 MW of wholesale capacity contracted or under a memorandum of understanding.
Vnet Group - American Depositary Shares trades on the NASDAQ stock market under the symbol VNET.
As of April 17, 2024, VNET stock price declined to $1.47 with 1,179,982 million shares trading.
VNET has a beta of 0.63, meaning it tends to be less sensitive to market movements. VNET has a correlation of 0.01 to the broad based SPY ETF.
VNET has a market cap of $378.33 million. This is considered a Small Cap stock.
Last quarter Vnet Group - American Depositary Shares reported $267 million in Revenue and -$.48 earnings per share. This fell short of revenue expectation by $-12 million and missed earnings estimates by -$.30.
In the last 3 years, VNET stock traded as high as $30.76 and as low as $1.39.
The top ETF exchange traded funds that VNET belongs to (by Net Assets): VWO, VXUS, CLOU, IEMG, VSS.
VNET has underperformed the market in the last year with a price return of -53.2% while the SPY ETF gained +23.3%. VNET has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -40.5% and -18.8%, respectively, while the SPY returned +6.0% and -3.3%, respectively.
VNET support price is $1.42 and resistance is $1.58 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VNET stock will trade within this expected range on the day.