VNET
VNET GroupVNET
VNET
About: VNET started as AsiaCloud in 1999 and moved to the data center business with its first self-developed data center opening 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 June 2024, it had 48,516 self-built retail cabinets with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 358 MW of wholesale capacity in service with a further 297 MW under construction and a further 489 MW held for future development.
Employees: 3,038
0
Funds holding %
of 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
468% more call options, than puts
Call options by funds: $4.37M | Put options by funds: $770K
273% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 11
50% more funds holding in top 10
Funds holding in top 10: 4 [Q3] → 6 (+2) [Q4]
41% more capital invested
Capital invested by funds: $321M [Q3] → $453M (+$132M) [Q4]
39% more funds holding
Funds holding: 76 [Q3] → 106 (+30) [Q4]
1.1% more ownership
Funds ownership: 5.08% [Q3] → 6.18% (+1.1%) [Q4]
18% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 28
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$20
218%
upside
Avg. target
$20
218%
upside
High target
$20
218%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Citigroup Louis Tsang 50% 1-year accuracy 1 / 2 met price target | 218%upside $20 | Buy Maintained | 14 Mar 2025 |
Financial journalist opinion
Based on 4 articles about VNET published over the past 30 days
Positive
Benzinga
1 day ago
6 Stocks Showing Momentum As The Market Rebounds
Don't call it a comeback, but the market attempted to rally last week after a worrisome Monday decline. The S&P 500 closed above 5500 on Friday for the first time since President Donald Trump announced a 90-day pause on levying his reciprocal tariffs.
Neutral
PRNewsWire
2 days ago
VNET Publishes 2024 Environmental, Social and Governance Report
BEIJING , April 28, 2025 /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 it has published its 2024 Environmental, Social and Governance Report (the "2024 ESG Report"). This is VNET's fifth ESG report, highlighting the Company's 2024 efforts and achievements in environmental practices, digital empowerment, ethical governance, and social responsibility.
Neutral
PRNewsWire
5 days ago
VNET Files Its Annual Report on Form 20-F for Fiscal Year 2024
BEIJING , April 25, 2025 /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 filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission (the "SEC") on April 25, 2025 Eastern Time. The annual report on Form 20-F, which contains the Company's audited consolidated financial statements, can be accessed on the SEC's website at https://www.sec.gov and on the Company's investor relations website at https://ir.vnet.com/.
Positive
Benzinga
2 weeks ago
Top 3 Tech Stocks That May Rocket Higher In Q2
The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
Neutral
PRNewsWire
1 month ago
VNET Announces the Closing of Its Offering of US$430 Million Convertible Senior Notes due 2030
BEIJING , March 18, 2025 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier-neutral and cloud-neutral internet data center services provider in China, today announced the closing of its offering (the "Notes Offering") of US$430 million in aggregate principal amount of 2.50% convertible senior notes due 2030 (the "Notes"). The Notes bear interest at a rate of 2.50% per annum, payable semi-annually in arrears on April 1 and October 1 of each year, beginning on October 1, 2025.
Neutral
PRNewsWire
1 month ago
VNET Prices Offering of US$430 Million Convertible Senior Notes due 2030
BEIJING , March 13, 2025 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier-neutral and cloud-neutral internet data center services provider in China, today announced the pricing of its offering (the "Notes Offering") of US$430 million in aggregate principal amount of 2.50% convertible senior notes due 2030 (the "Notes"). The Notes Offering is expected to close on or about March 17, 2023, subject to the satisfaction of customary closing conditions.
Neutral
PRNewsWire
1 month ago
VNET Announces Proposed Offering of Convertible Senior Notes
BEIJING , March 13, 2025 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier-neutral and cloud-neutral internet data center services provider in China, today announced the commencement of a proposed offering by the Company of US$400 million aggregate principal amount of its convertible senior notes due 2030 (the "Notes"), subject to market and other conditions (the "Notes Offering"). The Notes will be senior, unsecured obligations of the Company, and will accrue interest payable semi-annually in arrears and will mature on April 1, 2030, unless earlier repurchased, redeemed or converted in accordance with their terms prior to such date.
Neutral
Seeking Alpha
1 month ago
Vnet Group (VNET) Q4 2024 Earnings Call Transcript
Vnet Group (NASDAQ:VNET ) Q4 2024 Earnings Conference Call March 12, 2025 8:00 AM ET Company Participants Xinyuan Liu – Head-Investor Relations Ju Ma – Rotating President Qiyu Wang – Chief Financial Officer Conference Call Participants Shuyun Che – CICC Sara Wang – UBS Yang Liu – Morgan Stanley Edison Lee – Jefferies Timothy Zhao – Goldman Sachs Daley Li – Bank of America Securities Operator Thank you for standing by for the Fourth Quarter and Full Year 2024 Earnings Conference Call for VNET Group Incorporated. After the management's prepared remarks, there will be a question-and-answer session.
Neutral
PRNewsWire
1 month ago
VNET Reports Unaudited Fourth Quarter and Full Year 2024 Financial Results
BEIJING , March 12, 2025 /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 fourth quarter and full year ended December 31, 2024. "We closed 2024 with a strong fourth quarter, highlighted by our wholesale IDC business's remarkable performance as we continued to capitalize on AI-driven demand," said Josh Sheng Chen, Founder, Executive Chairperson and interim Chief Executive Officer of VNET.
Positive
Benzinga
1 month ago
3 China Stocks Soaring Over 50% YTD — While The S&P 500 Sinks
As Wall Street grapples with volatility and recession fears, China's stock market is on a tear. While the S&P 500 index is down over 4.6% year-to-date, three China-based stocks have surged more than 50%, fueled by AI investments and shifting investor sentiment.
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