Wall Street brokerages predict that 21Vianet Group Inc (NASDAQ:VNET) will post earnings of ($0.01) per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for 21Vianet Group’s earnings. 21Vianet Group reported earnings of ($0.12) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 91.7%. The firm is expected to issue its next earnings results on Tuesday, August 28th.

According to Zacks, analysts expect that 21Vianet Group will report full year earnings of ($0.04) per share for the current fiscal year. For the next fiscal year, analysts expect that the firm will post earnings of $0.04 per share. Zacks’ EPS averages are a mean average based on a survey of research firms that cover 21Vianet Group.

21Vianet Group (NASDAQ:VNET) last released its quarterly earnings results on Thursday, May 17th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter. 21Vianet Group had a negative net margin of 18.29% and a positive return on equity of 0.85%. The firm had revenue of $127.66 million for the quarter.

A number of research firms recently issued reports on VNET. BidaskClub cut shares of 21Vianet Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 11th. Zacks Investment Research upgraded 21Vianet Group from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a report on Thursday, May 24th. Finally, ValuEngine lowered 21Vianet Group from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st.

21Vianet Group traded up $0.28, reaching $8.80, during trading on Tuesday, MarketBeat reports. The company had a trading volume of 488,105 shares, compared to its average volume of 849,337. 21Vianet Group has a 1-year low of $4.17 and a 1-year high of $9.59. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.30 and a quick ratio of 2.30.

A number of hedge funds have recently made changes to their positions in the business. Royal Bank of Canada raised its holdings in shares of 21Vianet Group by 76.5% during the 1st quarter. Royal Bank of Canada now owns 26,533 shares of the information technology services provider’s stock worth $183,000 after acquiring an additional 11,501 shares during the period. Millennium Management LLC raised its holdings in shares of 21Vianet Group by 37.5% during the 1st quarter. Millennium Management LLC now owns 832,763 shares of the information technology services provider’s stock worth $5,771,000 after acquiring an additional 227,158 shares during the period. Cubist Systematic Strategies LLC raised its holdings in shares of 21Vianet Group by 226.4% during the 1st quarter. Cubist Systematic Strategies LLC now owns 34,586 shares of the information technology services provider’s stock worth $240,000 after acquiring an additional 23,991 shares during the period. Guggenheim Capital LLC raised its holdings in shares of 21Vianet Group by 13.7% during the 1st quarter. Guggenheim Capital LLC now owns 188,625 shares of the information technology services provider’s stock worth $1,307,000 after acquiring an additional 22,659 shares during the period. Finally, FIL Ltd raised its holdings in shares of 21Vianet Group by 39.1% during the 1st quarter. FIL Ltd now owns 3,937,019 shares of the information technology services provider’s stock worth $27,283,000 after acquiring an additional 1,106,243 shares during the period. Institutional investors own 28.27% of the company’s stock.

21Vianet Group Company Profile

21Vianet Group, Inc provides carrier-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People's Republic of China. It offers hosting and related services to house servers and networking equipment in its data centers, and connects them through a data transmission network; and other hosting related value-added services.

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