Rating Change: 21Vianet Group (NASDAQ:VNET) “Hold” Rating Reiterated at Stifel Nicolaus; With $9.00 Target

November 29, 2016 - By Dolores Ford

Rating Change: 21Vianet Group (NASDAQ:VNET)

21Vianet Group (NASDAQ:VNET) Rating

They currently have a $9.00 PT on 21Vianet Group (NASDAQ:VNET). Stifel Nicolaus’s target would suggest a potential upside of 18.11% from the company’s current price. This was disclosed to clients in analysts report on Tuesday, 29 November.

21Vianet Group Inc (NASDAQ:VNET) Ratings Coverage

Out of 2 analysts covering 21Vianet Group (NASDAQ:VNET), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. 21Vianet Group has been the topic of 4 analyst reports since August 27, 2015 according to StockzIntelligence Inc. JP Morgan downgraded the stock to “Neutral” rating in Wednesday, November 25 report. The firm has “Underweight” rating given on Wednesday, August 17 by JP Morgan. As per Thursday, August 27, the company rating was maintained by Canaccord Genuity. The firm earned “Overweight” rating on Friday, August 28 by Pacific Crest.

The stock decreased 1.17% or $0.09 during the last trading session, hitting $7.62. About 192 shares traded hands. 21Vianet Group Inc (NASDAQ: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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