VNET
VNET GroupVNET
VNET
About: 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 the end of June 2024, it had 48,516 self-built retail cabinets with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 358 MW of wholesale capacity in service with a further 297 MW under construction and a further 489 MW held for future development.
Employees: 3,038
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
300% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 4 (+3) [Q3]
105% more capital invested
Capital invested by funds: $157M [Q2] → $321M (+$164M) [Q3]
93% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 15
33% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 12
3% more funds holding
Funds holding: 74 [Q2] → 76 (+2) [Q3]
0.26% more ownership
Funds ownership: 4.83% [Q2] → 5.09% (+0.26%) [Q3]
48% less call options, than puts
Call options by funds: $1.78M | Put options by funds: $3.42M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$7
25%
upside
Avg. target
$7
25%
upside
High target
$7
25%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
UBS James Wang 100% 1-year accuracy 1 / 1 met price target | 25%upside $7 | Buy Maintained | 29 Nov 2024 |
Financial journalist opinion
Neutral
PRNewsWire
1 month ago
VNET Earns Industry-Leading ESG Ratings from MSCI and S&P Global for Three Consecutive Years
BEIJING , Dec. 13, 2024 /PRNewswire/ -- 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 its outstanding 2024 ESG performance received high marks from leading ESG rating institutions MSCI and S&P Global. This global recognition highlights the Company's industry-wide ESG leadership and unwavering commitment to sustainable development, carbon neutrality, and green transformation.
Positive
Seeking Alpha
1 month ago
Undercovered Dozen: Arqit Quantum, CleanSpark, Sezzle, STAG Industrial +
The 'Undercovered' Dozen highlights 12 lesser-covered stocks, showcasing diverse investment opportunities and sparking community discussion on their potential. Xinyu Ru sees Argan, Inc. as undervalued with strong growth in gas and renewable energy projects, trading at 21x 1-year forward earnings. AES Corporation's sell-off creates a buying opportunity according to Zenzizenzike Investments due to strong fundamentals and potential upside despite renewable energy subsidy concerns.
Neutral
PRNewsWire
1 month ago
VNET and Dajia Investment Ink Definitive Agreement on a Pre-REITs Fund
BEIJING , Nov. 28, 2024 /PRNewswire/ -- 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 the Company has executed a definitive agreement (the "Agreement") with Dajia Investment Holding Company Ltd. ("Dajia"), a wholly owned subsidiary of Dajia Insurance Group under which both parties will jointly form a pre-REITs fund (the "Fund") to invest in hyperscale data centers in mainland China.
Positive
Seeking Alpha
1 month ago
VNET: Riding AI Waves While Retail IDC Anchors The Ship
VNET Group's Q3 2024 results beat expectations, driven by strong wholesale IDC growth from AI demand, despite soft retail IDC performance due to macro challenges. Management increased 2024 guidance for revenue and EBITDA, reflecting confidence in wholesale IDC, but concerns remain about retail IDC's impact on future growth. VNET trades are discounted compared to peers, but risks include competition from modular AI solutions and potential higher capex affecting free cash flow.
Positive
Zacks Investment Research
1 month ago
VNET or DASH: Which Is the Better Value Stock Right Now?
Investors interested in Internet - Services stocks are likely familiar with 21Vianet (VNET) and DoorDash, Inc. (DASH). But which of these two stocks presents investors with the better value opportunity right now?
Neutral
Seeking Alpha
2 months ago
VNET Group Inc (VNET) Q3 2024 Earnings Call Transcript
VNET Group Inc (NASDAQ:VNET ) Q3 2024 Results Conference Call November 20, 2024 8:00 PM ET Company Participants Xinyuan Liu - Director of Investor Relations Gavin Shen - Rotating President Qiyu Wang - Chief Financial Officer Ju Ma - Executive Vice President Xinyuan Liu - Investor Relations Director Conference Call Participants Sara Wang - UBS Shuyun Che - CICC Daley Li - Bank of America Securities Tom Tang - Morgan Stanley Edison Lee - Jefferies Timothy Zhao - Goldman Sachs Operator Hello, ladies and gentlemen. Thank you for standing by for the Third Quarter 2024 Earnings Conference Call for VNET Group, Inc. [Operator Instructions] Participants from our management include Mr.
Neutral
PRNewsWire
2 months ago
VNET Reports Unaudited Third Quarter 2024 Financial Results
BEIJING , Nov. 20, 2024 /PRNewswire/ -- 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, 2024. "We achieved strong third quarter results mainly driven by our wholesale IDC business," said Josh Sheng Chen, Founder, Executive Chairperson and interim Chief Executive Officer of VNET.
Neutral
PRNewsWire
2 months ago
VNET to Announce Unaudited Third Quarter 2024 Financial Results on November 20, 2024
BEIJING , Nov. 7, 2024 /PRNewswire/ -- 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 will report its unaudited third quarter 2024 financial results on Wednesday, November 20, 2024, after the close of U.S. markets. The Company's management will host an earnings conference call at 8:00 PM U.S. Eastern Time on Wednesday, November 20, 2024, or 9:00 AM Beijing Time on Thursday, November 21, 2024.
Positive
Zacks Investment Research
2 months ago
VNET or DASH: Which Is the Better Value Stock Right Now?
Investors interested in stocks from the Internet - Services sector have probably already heard of 21Vianet (VNET) and DoorDash, Inc. (DASH). But which of these two stocks is more attractive to value investors?
Neutral
PRNewsWire
2 months ago
VNET Announces Changes to Board Composition
BEIJING , Nov. 1 , 2024 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced the resignation of Mr. Changqing Ye as an independent director and a member of the audit committee of the Company's board of directors (the "Board"), effective October 31, 2024.
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