VNET Group (NASDAQ:VNET) Releases Earnings Results, Misses Estimates By $0.04 EPS

VNET Group (NASDAQ:VNET - Get Free Report) posted its quarterly earnings results on Wednesday. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.04), Zacks reports. The firm had revenue of $307.75 million for the quarter, compared to the consensus estimate of $284.88 million. VNET Group had a negative return on equity of 5.68% and a negative net margin of 28.54%. VNET Group updated its FY 2025 guidance to EPS.

VNET Group Stock Performance

VNET stock traded down $0.60 during midday trading on Thursday, hitting $10.40. 25,341,725 shares of the stock traded hands, compared to its average volume of 9,953,529. The stock's fifty day simple moving average is $8.99 and its 200-day simple moving average is $5.47. The firm has a market cap of $2.68 billion, a P/E ratio of -4.68, a PEG ratio of 1.01 and a beta of 0.06. VNET Group has a 1-year low of $1.42 and a 1-year high of $16.13. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.83 and a quick ratio of 0.83.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. UBS Group boosted their price target on shares of VNET Group from $6.40 to $7.00 and gave the company a "buy" rating in a report on Friday, November 29th. The Goldman Sachs Group raised shares of VNET Group from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $3.10 to $5.00 in a research note on Friday, November 29th. Finally, Nomura Securities raised VNET Group to a "strong-buy" rating in a research report on Friday, February 21st. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, VNET Group has a consensus rating of "Buy" and a consensus price target of $4.78.

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VNET Group Company Profile

VNET Group, Inc, 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.