21Vianet Group Inc. (VNET) Trading Up 0%
21Vianet Group Inc. (NASDAQ:VNET) shares were up 0% on Tuesday . The stock traded as high as $9.81 and last traded at $9.57, with a volume of 1,132,859 shares traded. The stock had previously closed at $9.57.
Separately, Zacks Investment Research upgraded shares of 21Vianet Group from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Friday, March 18th.
The firm’s 50-day moving average price is $12.28 and its 200-day moving average price is $17.52. The stock’s market cap is $800.27 million.
21Vianet Group (NASDAQ:VNET) last issued its quarterly earnings results on Thursday, May 26th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.32) by $0.06. The company had revenue of $133.70 million for the quarter. During the same quarter last year, the firm earned $0.02 EPS. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, equities analysts expect that 21Vianet Group Inc. will post ($2.49) earnings per share for the current year.
Other hedge funds and institutional investors recently modified their holdings of the company. Quantitative Investment Management LLC bought a new position in shares of 21Vianet Group during the fourth quarter worth about $1,340,000. Myriad Asset Management Ltd. bought a new position in shares of 21Vianet Group during the fourth quarter worth about $3,114,000. Finally, Morgan Stanley raised its position in shares of 21Vianet Group by 180.6% in the fourth quarter. Morgan Stanley now owns 1,100,561 shares of the company’s stock worth $23,265,000 after buying an additional 708,308 shares during the last quarter.
21Vianet Group, Inc is a carrier-neutral Internet data center services provider in China. The Company hosts its customers’ servers and networking equipment and provides interconnectivity to improve the performance, availability and security of their Internet infrastructure. The Company also provides managed network services to enable customers to deliver data across the Internet in a faster and reliable manner through its data transmission network and smart routing technology.
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