21Vianet Group

VNET Group, Inc. is a holding company, which engages in the provision of carrier-neutral internet data center services. Its services include interconnectivity, colocation or data center managed hosting services, and cloud services. The company was founded by Sheng Chen and Jun Zhang on October 16, 1999 and is headquartered in Beijing, China.

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VNET Group reports strong Q4 earnings, eyes growth amid challenges

VNET Group's Q4 2022 earnings call highlighted solid financial results, successful customer acquisitions, and progress in ESG initiatives amidst macroeconomic challenges.
The company's Dual-Core strategy, focus on digital transformation, and major order wins underscore its market competitiveness and growth potential.
While facing challenges and uncertainties, VNET remains optimistic about future growth opportunities, supported by industry trends and strategic initiatives.

21Vianet Group (VNET) reports robust Q1 earnings amidst market expansion

21Vianet Group (VNET) demonstrated strong financial performance in Q1 2023, driven by revenue growth and operational efficiency.
While facing challenges in pricing dynamics and non-IDC business growth, VNET's strategic strengths lie in securing key customers and expanding service offerings.
With a positive market outlook and a focus on sustainability and innovation, VNET is well-positioned to capitalize on growth opportunities in the digital economy.

VNET Group reports solid Q2 earnings, eyes growth through innovation

VNET Group's Q2 performance reflects steady growth, innovation in new solutions, and a commitment to sustainability. While facing challenges in cost management and debt repayment, the company is well-positioned to seize opportunities in expanding its customer base and enhancing its service offerings.

21Vianet Group (VNET) reports solid Q3 growth and strategic focus

VNET's Q3 performance reflects growth in revenues, profitability, and market appeal, driven by demand for premium IDC services and AI applications.
The company's strategic focus on high-profit margin businesses and reducing exposure to lower-margin segments bodes well for long-term financial health.
While facing challenges such as significant CapEx increases and managing cash flow, VNET has opportunities to capitalize on AI-driven services and sustainable growth.

VNET Group reports robust earnings, eyes growth amid market dynamics

VNET Group demonstrated strong financial performance in Q4 2023 and for the full year, supported by operational achievements and strategic initiatives.
While facing challenges in managing CapEx and addressing investor inquiries, the company's strengths in sustainability, market positioning, and financial stability provide a foundation for growth.
Opportunities lie in leveraging China's digital economy initiatives, executing on 2024 guidance, and enhancing operational efficiency to drive future success and value creation.

21Vianet Group posts solid Q1 results, eyes global expansion

21Vianet Group's Q1 performance reflects resilience, growth potential, and strategic foresight in navigating the dynamic digital infrastructure market, despite facing challenges in cost management and strategic alignment.
The company's focus on AI-driven data centers, global expansion, and revenue diversification underscores its commitment to innovation, sustainability, and long-term value creation for stakeholders.
With a strong financial foundation, operational efficiency, and a clear growth trajectory, 21Vianet Group is well-positioned to capitalize on emerging opportunities, address challenges, and drive sustainable growth in the digital economy.

21Vianet Group (VNET) reports robust Q2 earnings and growth prospects

21Vianet Group (VNET) delivered a strong Q2 2024 performance, driven by revenue growth in wholesale business and stable development in retail IDC.
The company's focus on AI trends, sustainability, and prudent financial management positions it well for future growth and market opportunities.
While facing challenges in CapEx management and balancing growth with profitability, VNET's positive outlook and strategic initiatives offer avenues for sustained success.
Overall, VNET's performance reflects operational resilience, financial improvement, and a strategic vision for long-term value creation and market leadership.

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After losing some value lately, a hammer chart pattern has been formed for 21Vianet (VNET), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

21Vianet (VNET) Could Find Support Soon, Here's Why You Should Buy the Stock Now

Blackstone Group

Funds managed by Blackstone Inc (NYSE: BX) Blackstone Tactical Opportunities have agreed to invest in VNET Group Inc (NASDAQ: VNET). Blackstone looks to purchase VNET's $250 million of convertible notes having a term of five years and carry interest at 2% per annum.

Blackstone Agrees To Invest In VNET Via Convertible Notes

BEIJING, Jan. 28, 2022 (GLOBE NEWSWIRE) -- VNET Group, Inc. (Nasdaq: VNET) (“VNET” or the “Company”), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced that funds managed by Blackstone Tactical Opportunities (NYSE: BX) (“Blackstone”), the world's largest alternative investment firm, have agreed to make an investment in VNET by purchasing US$250 million of convertible notes (the “Notes”). The Notes have a term of five years and carry interest at 2% per annum.

VNET Announces US$250 Million Investment from Blackstone

The consensus price target hints at a 211.8% upside potential for 21Vianet (VNET). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Believe 21Vianet (VNET) Could Rally 212%: Here's is How to Trade

BEIJING, Dec. 13, 2021 (GLOBE NEWSWIRE) -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced that it has signed a master joint venture investment agreement (the "Master Agreement") with a sovereign wealth fund (the "Partner") to form joint ventures (the "JVs") to pursue development and investment opportunities in multiple build-to-suit hyperscale data center projects in China.

VNET Announces Joint Venture with a Sovereign Wealth Fund to Develop and Operate Build-to-Suit Hyperscale Data Centers in China

The network services specialist reported slight earnings and revenue misses in the third quarter, but the company's troubles run deeper than the headline numbers.

Why VNET Group Stock Crashed and Burned Today

VNET Group, Inc. (VNET) CEO Samuel Shen on Q3 2021 Results - Earnings Call Transcript

BEIJING, Nov. 18, 2021 (GLOBE NEWSWIRE) -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2021. The Company will hold a conference call at 8 P.M. on November 18, 2021, U.S. Eastern Time to discuss the financial results. Dial-in details are provided at the end of this release.

VNET Reports Unaudited Third Quarter 2021 Financial Results

Fitch Ratings has affirmed China-based carrier-neutral data center operator VNET Group Inc's (NASDAQ: VNET) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'B+.'  The Outlook is Negative, reflecting Fitch's expectation that VNET's 2021-2022 funds flow from operations (FFO) leverage will worsen to above 6.0x (2020: 4.2x), the threshold above which we lead to negative rating action.

VNET Shares Pop As Fitch Sees Robust Data Center Demand From Alibaba

BEIJING, Nov. 05, 2021 (GLOBE NEWSWIRE) -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier-neutral and cloud-neutral data center services provider in China, today announced that it plans to release its third quarter 2021 financial results on Thursday, November 18, 2021, after the market closes. The Company will hold a conference call at 8:00 P.M. on Thursday, November 18, 2021, U.S. Eastern Time, or 9:00 A.M. on Friday, November 19, 2021, Beijing Time, to discuss the financial results.

VNET to Announce Unaudited Third Quarter 2021 Financial Results on November 18, 2021

BEIJING, Oct. 29, 2021 (GLOBE NEWSWIRE) -- VNET Group, Inc. (Nasdaq: VNET) (“VNET” or the “Company”), a leading carrier-neutral and cloud-neutral data center services provider in China, today announced a proposed offering (the “Notes Offering”) of U.S. Dollars denominated senior notes (the “Notes”) subject to market conditions and other factors. The Company plans to use the net proceeds from the Notes Offering for funding future capital needs and general corporate purposes. The Notes are expected to be rated B2 by Moody's and B by S&P.

VNET Announces Proposed Offering of Senior Notes

Key takeaways 21Vianet's shareholders have approved changing its name to VNET Group

21Vianet Looks for New Chapter With Name Change

BEIJING, Oct. 08, 2021 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (“VNET” or the “Company”) (Nasdaq: VNET), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced the results of its 2021 Extraordinary General Meeting which was held on October 8, 2021 in Beijing, where it adopted a special resolution to approve the change of the Company's name to “VNET Group, Inc.”, effective immediately.

21Vianet Announces Results of 2021 Extraordinary General Meeting

21Vianet Group (VNET) has been struggling lately, but the selling pressure may be coming to an end soon.

21Vianet Group (VNET) Sees Hammer Chart Pattern: Time to Buy?

BEIJING, Sept. 25, 2021 (GLOBE NEWSWIRE) --  21Vianet Group, Inc. (Nasdaq: VNET) ("21Vianet" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced that its Boxing data center in Beijing and Nantong data center in Jiangsu province were awarded as the 5A Green Data Centers for their operations, which is the highest rating of data centers in China, at the 2021 Open Data Center Summit hosted by the Open Data Center Committee (ODCC) on September 15, 2021. Its Foshan Data Center was also presented with the "Innovative Data Center for Carbon Emission Reduction” award at the ceremony.

21Vianet Wins 5A Green Data Center Ratings and Further Promotes Carbon Reduction

BEIJING, Sept. 25, 2021 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq: VNET) ("21Vianet" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced that Mr. Chunfeng Cai, the Company's Chief Operating Officer (“COO”), has decided to resign from his current post and leave the Company due to personal reasons, effective on October 1, 2021.

21Vianet Announces Change in Leadership Team

The shares of 21Vianet Group, Inc. (Nasdaq: VNET) increased by over 4% pre-market. This is why it happened.

VNET Stock: Over 4% Increase Pre-Market Explanation

21Vianet Group, Inc. (VNET) CEO Samuel Shen on Q2 2021 Results - Earnings Call Transcript

BEIJING, Aug. 25, 2021 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq: VNET) ("21Vianet" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2021. The Company will hold a conference call at 8:00 P.M. on Tuesday, August 24, 2021, U.S. Eastern Time to discuss the financial results. Dial-in details are provided at the end of this release.

21Vianet Group, Inc. Reports Unaudited Second Quarter 2021 Financial Results

21Vianet Group (VNET) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for 21Vianet Group (VNET) This Earnings Season?

BEIJING, Aug. 06, 2021 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq: VNET) (“21Vianet” or the “Company”), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that Mr. Josh Sheng Chen, the Company's Founder and Executive Chairman of the Board, has informed the Company that Beacon Capital Group Inc., a company controlled by Mr. Chen, has entered into agreements with Tuspark Innovation Venture Limited (“Tuspark”), pursuant to which Beacon Capital Group Inc. will purchase from Tuspark 17,140,898 Class A ordinary shares of the Company for an aggregate purchase price of approximately US$50 million. The purchase price will be at US$2.917 per ordinary share, or US$17.502 per American depository share (“ADS”).

21Vianet's Founder and Executive Chairman to Expand Ownership in 21Vianet

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Why 21Vianet Group Stock Popped Today

21Vianet Group (VNET) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front

Moving Average Crossover Alert: 21Vianet Group (VNET)

21Vianet Group's (VNET) CEO Samuel Shen on Q1 2021 Results - Earnings Call Transcript

News for 21Vianet Group Stock (VNET)