21Vianet Group Inc. (VNET) Trading 1.4% Higher
21Vianet Group Inc. (NASDAQ:VNET) traded up 1.4% on Wednesday . The stock traded as high as $9.32 and last traded at $9.29, with a volume of 684,711 shares changing hands. The stock had previously closed at $9.16.
Several equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of 21Vianet Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th. JPMorgan Chase & Co. downgraded shares of 21Vianet Group from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $21.00 to $5.60 in a research note on Wednesday, August 17th. Finally, Morgan Stanley assumed coverage on shares of 21Vianet Group in a research note on Friday, July 8th. They issued an “underweight” rating and a $8.00 price target for the company.
The company has a 50 day moving average of $9.60 and a 200-day moving average of $14.82. The firm’s market capitalization is $1.05 billion.
21Vianet Group (NASDAQ:VNET) last released its earnings results on Tuesday, August 16th. The company reported ($0.17) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.08. The company had revenue of $137.10 million for the quarter, compared to the consensus estimate of $127.83 million. The business’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.02) earnings per share. On average, analysts anticipate that 21Vianet Group Inc. will post ($0.59) EPS for the current year.
21Vianet Group, Inc is a carrier-neutral Internet data center services provider. The Company hosts its customers’ servers and networking equipment and provides interconnectivity. The Company also provides managed network services to enable customers to deliver data across the Internet through its data transmission network and smart routing technology.
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