VNET

VNET Group
VNET
Market cap $1.34B

5.02 USD

+0.28

5.91%

At close Apr 17, 4:00 PM EDT

After hours

5.05

+0.03

0.60%

1 day

5.91%

5 days

-12.85%

1 month

-55.89%

3 months

-10.36%

6 months

43.02%

Year to date

-0.79%

1 year

241.50%

5 years

-67.42%

10 years

-75.48%

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

Technology Information Technology Services

0

Funds holding %

of 7,407 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

See Fund Rankings

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$20

298%

upside

Avg. target

$20

298%

upside

High target

$20

298%

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

298%upside

$20

Buy

Maintained

14 Mar 2025

See Analyst Rankings

Financial journalist opinion

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.

Top 3 Tech Stocks That May Rocket Higher In Q2

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.

VNET Announces the Closing of Its Offering of US$430 Million Convertible Senior Notes due 2030

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.

VNET Prices Offering of US$430 Million Convertible Senior Notes due 2030

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.

VNET Announces Proposed Offering of Convertible Senior Notes

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.

Vnet Group (VNET) Q4 2024 Earnings Call Transcript

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.

VNET Reports Unaudited Fourth Quarter and Full Year 2024 Financial Results

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.

3 China Stocks Soaring Over 50% YTD — While The S&P 500 Sinks

VNET to Announce Unaudited Fourth Quarter and Full Year 2024 Financial Results on March 12, 2025

BEIJING , March 10, 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 will report its unaudited fourth quarter and full year 2024 financial results on Wednesday, March 12, 2025, 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 Wednesday, March 12, 2025, or 8:00 PM Beijing Time on Wednesday, March 12, 2025.

VNET to Announce Unaudited Fourth Quarter and Full Year 2024 Financial Results on March 12, 2025

VNET Group: REIT Injection And Capex Growth Are The Major Positives

I continue to rate VNET Group as a 'Buy', following an evaluation of its valuations and prospects. The company's forward EV/EBITDA ratio is lower than that of US and Asian peers, indicating the potential for re-rating. Increased capital expenditures by China's tech giants will drive up VNET's EBITDA growth from +11% in FY24 to +22% in FY25.

VNET Group: REIT Injection And Capex Growth Are The Major Positives

Zacks Investment Research

5 Stocks That More Than Doubled Halfway Through Q1

We highlight five stocks from different sectors that more than doubled halfway through the first quarter.

5 Stocks That More Than Doubled Halfway Through Q1

See News Rankings

Charts implemented using Lightweight Charts™