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VNET

VNET Group

VNET

Market cap $1.86B

6.55 USD

-0.09

1.36%

At close Updated Aug 28, 4:00 PM EDT

Pre-market

After hours

6.54

-0.01

0.15%

1 day

-1.36%

5 days

0%

1 month

-2.96%

3 months

-38.32%

6 months

-37.32%

Year to date

-28.1%

1 year

-23.21%

5 years

-65.09%

10 years

-27.22%

About: VNET started as AsiaCloud in 1999 and moved into the data center business, opening its first self-developed data center 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 December 2025, it had 49,863 retail cabinets, with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 889 MW of wholesale capacity in service, with a further 452 MW under construction and a further 840 MW held for future development.

Employees: 2,581

Technology Information Technology Services

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 36.4%

Neutral 54.5%

Negative 9.1%

VNET Group: Solid Wholesale Execution Overshadowed By Balance Sheet Reality

VNET Group remains rated Neutral as the market shifts focus from event-driven catalysts to fundamentals amid uncertainty around the CATL transaction. Despite strong wholesale IDC demand and recurring revenue, higher capex, negative free cash flow, and rising leverage weigh on VNET's valuation and sentiment. The CATL deal's closure, expected Q4, is critical; delays or regulatory hurdles could exacerbate downside risk given VNET's balance sheet pressures.

VNET Group: Solid Wholesale Execution Overshadowed By Balance Sheet Reality

VNET Group, Inc. (VNET) Q2 2026 Earnings Call Transcript

VNET Group, Inc. (VNET) Q2 2026 Earnings Call Transcript

VNET Group, Inc. (VNET) Q2 2026 Earnings Call Transcript

VNET Group Q2 Earnings Call Highlights

VNET Group NASDAQ: VNET reported second-quarter 2026 revenue growth driven by its wholesale internet data center business, while management said demand for AI computing infrastructure continued to support new orders, capacity expansion and longer-term customer reservations.

VNET Group Q2 Earnings Call Highlights

VNET Announces Strategic Cooperation with CATL

BEIJING, Aug. 18, 2026 /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 has entered into a strategic cooperation agreement (the "Strategic Cooperation Agreement") with Contemporary Amperex Technology Co., Limited (stock codes: 300750.SZ and 03750.HK) ("CATL"), a global leader in zero-carbon new energy technology. Under the Strategic Cooperation Agreement, VNET and CATL will establish a partnership to deepen compute-energy integration by synergistically combining VNET's leadership in large‑scale computing infrastructure development and operations with CATL's expertise in zero‑carbon new energy technologies.

VNET Announces Strategic Cooperation with CATL

VNET Reports Unaudited Second Quarter 2026 Financial Results

BEIJING, Aug. 18, 2026 /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 second quarter ended June 30, 2026. Second Quarter 2026 Financial Highlights Total net revenues increased by 14.2% year-over-year to RMB2.78 billion (US$409.5 million) in the second quarter of 2026 (2Q2025: RMB2.43 billion).

VNET Reports Unaudited Second Quarter 2026 Financial Results

VNET to Announce Unaudited Second Quarter 2026 Financial Results on August 18, 2026

BEIJING, Aug. 4, 2026 /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 second quarter 2026 financial results on Tuesday, August 18, 2026, before the open of U.S. markets. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Tuesday, August 18, 2026, or 8:00 PM Beijing Time on Tuesday, August 18, 2026.

VNET to Announce Unaudited Second Quarter 2026 Financial Results on August 18, 2026

Zacks Investment Research

Implied Volatility Surging for VNET Group Stock Options

Investors need to pay close attention to VNET stock based on the movements in the options market lately.

Implied Volatility Surging for VNET Group Stock Options

VNET Group: Signed Capacity Can Drive The Next Earnings Ramp

VNET Group is rated a buy due to a large, committed data center capacity pipeline poised to accelerate earnings growth. VNET's secured power resources and established campuses provide a competitive edge, especially in supply-constrained regions like Beijing. The recent quarter saw wholesale IDC revenue up 58.1% y/y, with utilization and EBITDA margin expansion confirming strong operating leverage.

VNET Group: Signed Capacity Can Drive The Next Earnings Ramp

Pomerantz LLP Announces Proposed Class Action Settlement on Behalf of all Persons and Entities that Purchased and/or Otherwise Acquired the American Depositary Shares of VNET Group, Inc. (VNET)

NEW YORK, June 10, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that the United States District Court for the Southern District of New York has approved the following announcement of a proposed class action settlement that would benefit all persons and entities that purchased or otherwise acquired the American Depositary Shares of VNET Group, Inc. (NASDAQ: VNET):

Pomerantz LLP Announces Proposed Class Action Settlement on Behalf of all Persons and Entities that Purchased and/or Otherwise Acquired the American Depositary Shares of VNET Group, Inc. (VNET)

Zacks Investment Research

Wall Street Analysts Predict a 53.99% Upside in VNET Group (VNET): Here's What You Should Know

The mean of analysts' price targets for VNET Group (VNET) points to a 54% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Predict a 53.99% Upside in VNET Group (VNET): Here's What You Should Know

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