Jefferies Financial Group Comments on 21Vianet Group Inc’s FY2019 Earnings (VNET)

21Vianet Group Inc (NASDAQ:VNET) – Jefferies Financial Group reduced their FY2019 earnings per share (EPS) estimates for 21Vianet Group in a research note issued on Tuesday, March 5th. Jefferies Financial Group analyst R. Wu now forecasts that the information technology services provider will post earnings of $0.00 per share for the year, down from their prior estimate of $0.19. Jefferies Financial Group also issued estimates for 21Vianet Group’s FY2020 earnings at $0.03 EPS.

A number of other research analysts also recently weighed in on the company. BidaskClub downgraded 21Vianet Group from a “hold” rating to a “sell” rating in a research note on Friday, January 25th. ValuEngine raised 21Vianet Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. TheStreet raised 21Vianet Group from a “d+” rating to a “c-” rating in a research note on Tuesday, November 13th. Finally, Zacks Investment Research downgraded 21Vianet Group from a “buy” rating to a “hold” rating in a research note on Saturday, January 26th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $11.00.

VNET stock opened at $8.79 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.15 and a current ratio of 2.15. The firm has a market capitalization of $1.05 billion, a PE ratio of -36.63 and a beta of 1.32. 21Vianet Group has a twelve month low of $5.01 and a twelve month high of $11.98.

Several hedge funds have recently bought and sold shares of VNET. Nan Shan Life Insurance Co. Ltd. acquired a new position in shares of 21Vianet Group in the 3rd quarter valued at $17,224,000. Morgan Stanley raised its stake in 21Vianet Group by 72.3% during the 3rd quarter. Morgan Stanley now owns 3,371,405 shares of the information technology services provider’s stock worth $34,052,000 after buying an additional 1,414,615 shares during the period. Norges Bank acquired a new stake in 21Vianet Group during the 4th quarter worth $10,872,000. Millennium Management LLC raised its stake in 21Vianet Group by 324.8% during the 4th quarter. Millennium Management LLC now owns 737,052 shares of the information technology services provider’s stock worth $6,368,000 after buying an additional 563,529 shares during the period. Finally, Acadian Asset Management LLC raised its stake in 21Vianet Group by 110.6% during the 4th quarter. Acadian Asset Management LLC now owns 941,093 shares of the information technology services provider’s stock worth $8,129,000 after buying an additional 494,240 shares during the period. 33.94% of the stock is currently owned by institutional investors.

About 21Vianet Group

21Vianet Group, Inc provides carrier-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People's Republic of China. It offers hosting and related services to house servers and networking equipment in its data centers, and connects them through a data transmission network; and other hosting related value-added services.

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