VNET Group (NASDAQ:VNET) Issues Earnings Results

VNET Group (NASDAQ:VNET) issued its quarterly earnings data on Wednesday. The information technology services provider reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04), Zacks reports. VNET Group had a negative return on equity of 5.68% and a negative net margin of 28.54%. VNET Group updated its FY 2025 guidance to EPS.

VNET Group Stock Performance

Shares of VNET Group stock opened at $11.00 on Thursday. The firm has a market cap of $2.83 billion, a PE ratio of -4.95, a price-to-earnings-growth ratio of 1.01 and a beta of 0.06. The firm’s 50-day simple moving average is $8.86 and its 200-day simple moving average is $5.43. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.83 and a current ratio of 0.83. VNET Group has a 1 year low of $1.42 and a 1 year high of $16.13.

Analyst Upgrades and Downgrades

VNET has been the topic of a number of recent analyst reports. Nomura Securities upgraded shares of VNET Group to a “strong-buy” rating in a report on Friday, February 21st. UBS Group boosted their price objective on shares of VNET Group from $6.40 to $7.00 and gave the stock a “buy” rating in a report on Friday, November 29th. Finally, The Goldman Sachs Group upgraded shares of VNET Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $3.10 to $5.00 in a report on Friday, November 29th. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $4.78.

VNET Group Company Profile

VNET Group, Inc, an investment holding company, provides hosting and related services in China. It offers managed hosting services consisting of managed retail services, such as colocation services that dedicate data center space to house customers' servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; interconnectivity services that allow customers to connect their servers; value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and backup server services; cloud services that allow customers to run applications over the internet using IT infrastructure; and VPN Services that extend customers' private networks by setting up connections through the public internet.