21Vianet Group, Inc. (VNET) Scheduled to Post Quarterly Earnings on Tuesday
21Vianet Group, Inc. (NASDAQ:VNET) is scheduled to announce its earnings results after the market closes on Tuesday, August 22nd. Analysts expect the company to announce earnings of ($0.07) per share for the quarter.
Shares of 21Vianet Group, Inc. (VNET) opened at 4.42 on Tuesday. The company’s market capitalization is $499.90 million. The company has a 50-day moving average price of $4.65 and a 200 day moving average price of $5.62. 21Vianet Group, Inc. has a 1-year low of $4.17 and a 1-year high of $11.09.
An institutional investor recently raised its position in 21Vianet Group stock. State Street Corp boosted its position in 21Vianet Group, Inc. (NASDAQ:VNET) by 12.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 261,883 shares of the information technology services provider’s stock after buying an additional 29,720 shares during the period. State Street Corp owned 0.23% of 21Vianet Group worth $1,316,000 as of its most recent SEC filing. 19.62% of the stock is owned by institutional investors.
A number of analysts have issued reports on the company. BidaskClub raised 21Vianet Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research downgraded 21Vianet Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $6.96.
21Vianet Group Company Profile
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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