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VNET Group Q1 2024 Earnings Report

VNET Group logo
$3.67 -0.27 (-6.85%)
(As of 02:27 PM ET)

VNET Group EPS Results

Actual EPS
-$0.12
Consensus EPS
$0.01
Beat/Miss
Missed by -$0.13
One Year Ago EPS
N/A

VNET Group Revenue Results

Actual Revenue
$262.89 million
Expected Revenue
$258.78 million
Beat/Miss
Beat by +$4.11 million
YoY Revenue Growth
N/A

VNET Group Announcement Details

Quarter
Q1 2024
Time
N/A

Conference Call Resources

Conference Call Audio

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VNET Group Earnings Headlines

VNET Group, Inc. (NASDAQ:VNET) Short Interest Up 15.5% in November
Healthcare Takes A Big Step Forward With The Help of A.I.
To date, we've seen baseline AI models lay the groundwork. Tools like ChatGPT are useful, but they are still simple, proof-of-concept systems. For its next act, AI is going to help save lives. Already better than humans at a number of medical tasks, AI is ramping up to completely revolutionize healthcare.
VNET Group price target raised to $7 from $6.40 at UBS
VNET: Riding AI Waves While Retail IDC Anchors The Ship
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About VNET Group

VNET Group (NASDAQ:VNET), an investment holding company, provides hosting and related services in China. It offers managed hosting services consisting of managed retail services, such as colocation services that dedicate data center space to house customers' servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; interconnectivity services that allow customers to connect their servers; value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and backup server services; cloud services that allow customers to run applications over the internet using IT infrastructure; and VPN Services that extend customers' private networks by setting up connections through the public internet. The company also provides server administration services, such as operating system support and assistance with updates, server monitoring, server backup and restoration, server security evaluation, firewall services, and disaster recovery services. It serves information technology and cloud services, communications and social networking, gaming and entertainment, e-commerce, automobile, financial services, and blue-chip and small-to-mid-sized enterprises; government agencies; individuals; and telecommunication carriers. The company was formerly known as 21Vianet Group, Inc. and changed its name to VNET Group, Inc. in October 2021. VNET Group, Inc. was founded in 1999 and is headquartered in Beijing, the People's Republic of China.

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