Rating Action: Stifel Reiterated 21Vianet (VNET) As Hold; Has TP Of $9.0

November 29, 2016 - By Marguerite Chambers

Rating Action: Stifel Reiterated 21Vianet (VNET) As Hold; Has TP Of $9.0

21Vianet (VNET) Rating

21Vianet (VNET) had its stock rating noted as Hold by analysts at Stifel. Stifel currently has a $9.0 target price on the $847.23M market cap company or 18.11% upside potential. This was revealed to clients and investors in an analyst report on 29 November.

The stock decreased 1.17% or $0.09 during the last trading session, hitting $7.62. About 192 shares traded hands. 21Vianet Group Inc (VNET) has declined 62.67% since April 26, 2016 and is downtrending. It has underperformed by 67.93% the S&P500.

21Vianet Group, Inc. is a carrier-neutral Internet data center services provider. The company has a market cap of $847.23 million. The Firm hosts its customers’ servers and networking equipment and provides interconnectivity. It currently has negative earnings. The Firm also provides managed network services to enable clients to deliver data across the Internet through its data transmission network and smart routing technology.

According to Zacks Investment Research, “21Vianet Group, Inc. operates as a carrier-neutral Internet data center services provider in China. It provides hosting and related services, managed network services and cloud computing infrastructure. The Company’s infrastructure is interconnected with the networks operated by all of China’s telecommunications carriers, major non-carriers and local Internet service providers, or ISPs. 21Vianet Group, Incorporation. Its customers include Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises. 21Vianet Group, Inc. is headquartered in Beijing, the Peoples’ Republic of China.”

VNET Company Profile

21Vianet Group, Inc., incorporated on October 16, 2009, is a carrier-neutral Internet data center services provider. The Firm hosts its customers’ servers and networking equipment and provides interconnectivity. The Firm also provides managed network services to enable clients to deliver data across the Internet through its data transmission network and smart routing technology. The Firm provides value-added services, such as content delivery network (CDN) services, virtual private network (VPN) services and last-mile wired broadband services. It offers public cloud services, private cloud and hybrid services. In addition, the Company also offers container data center service. The Company’s service offerings include hosting and related services, and managed network services.

More notable recent 21Vianet Group Inc (NASDAQ:VNET) news were published by: Finance.Yahoo.com which released: “21Vianet Group, Inc. Reports Third Quarter 2016 Unaudited Financial Results” on November 28, 2016, also Fool.com with their article: “21Vianet Group Inc. Stock Falls 14% — Here’s What Happened” published on August 17, 2016, Quotes.Wsj.com published: “DOW JONES, A NEWS CORP COMPANY” on April 16, 2011. More interesting news about 21Vianet Group Inc (NASDAQ:VNET) were released by: Globenewswire.com and their article: “21Vianet Group, Inc. to Announce Second Quarter 2016 Financial Results” published on July 29, 2016 as well as Globenewswire.com‘s news article titled: “21Vianet Group, Inc. Announces Receipt of Withdrawal of Buyer Group’s Going …” with publication date: June 30, 2016.

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