21Vianet Group, Inc. (VNET) to Release Earnings on Tuesday
21Vianet Group, Inc. (NASDAQ:VNET) is scheduled to post its quarterly earnings results after the market closes on Tuesday, August 22nd. Analysts expect 21Vianet Group to post earnings of ($0.07) per share for the quarter.
21Vianet Group, Inc. (VNET) opened at 4.72 on Monday. The firm’s 50-day moving average price is $4.56 and its 200 day moving average price is $5.57. 21Vianet Group, Inc. has a one year low of $4.17 and a one year high of $9.50. The firm’s market capitalization is $533.83 million.
A hedge fund recently raised its stake in 21Vianet Group stock. State Street Corp boosted its position in 21Vianet Group, Inc. (NASDAQ:VNET) by 12.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 261,883 shares of the information technology services provider’s stock after buying an additional 29,720 shares during the period. State Street Corp owned approximately 0.23% of 21Vianet Group worth $1,316,000 as of its most recent SEC filing. Institutional investors own 19.62% of the company’s stock.
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VNET has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of 21Vianet Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. BidaskClub upgraded shares of 21Vianet Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 8th.
About 21Vianet Group
21Vianet Group, Inc is a carrier-neutral Internet data center services provider. The Company hosts its customers’ servers and networking equipment and provides interconnectivity. The Company also provides managed network services to enable customers to deliver data across the Internet through its data transmission network and smart routing technology.
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